Oil And Petroleum Product Inventories Worse Than Last Year

Global Economic and Market Analysis • Jan 26, 2017 at 6:47 AM EST

We examine the EIA Data. What a difference a year makes psychologically speaking as we have more inventories in storage across the board yet we are almost double the oil price versus this time last year in $53 a barrel versus $26 a barrel.

We examine the EIA Data this past week, and it is interesting what a difference a year makes psychologically speaking as we have more inventories in storage across the board yet we are almost double the oil price versus this time last year in $53 a barrel versus $26 a barrel. There is a lot of fantasy Land thinking going on in financial markets right now.

Video length: 00:10:47