Expaining the record 14.4 mb build… FuelFix

November 7, 2016 by Jim Colburn Leave a Comment

Matt Smith at FuelFix (http://fuelfix.com/blog/2016/11/03/the-record-oil-inventory-build-that-never-was/) suggests that the 14.4 million barrel build in crude stocks was due to the EIA miscounting imports:

“Comparing our numbers to those reported by the EIA shows their import data lagging behind the totals reported for the weeks ending October 14 and October 21, and then playing catch-up in the last week, the one ending October 28.”

Of course, this is one reason why veteran watchers of the weekly EIA release focus on 4 week averages that are included in the report.

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