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"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions of barrels, it would still become fragile once working stocks fell too low. Like blood pressure in the human body, the issue is circulation.
Then, approximately 4 weeks later, the bank followed up this analysis with some more math, explaining "Why Hormuz Will...
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UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further
UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further
Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing.
And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)...
Both Current Conditions and the Expectations Index also rebounded with the former outperforming...
Consumer sentiment confirmed its early-month reading, rising about 10%...
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