Article By:
Chris MacIntosh
Tuesday, July 26, 2022 4:10 AM EDT
Currency is issued by the state, while money is chosen by the market. The closer the ties of currency to money the greater the level of trust in it.
In this article: XOP
WTI Extends Gains After Sizable Crude Inventory Draw, Shrugs Off Unexpected Product Builds
$FANG $XOP $USO OK so we had EXACTLY the right #'s IF you just add the higher gasoline build to ESTIMATES versus the HIGHER crude DRAW to estimates. Basically the ESTIMATES really got it EXACTLY RIGHT! Crude -5.36mm (-3.3mm exp) Cushing +741k Gasoline +2.51mm (-1.1mm exp) Distillates +1.585mm (-1.6mm exp)