Low U.S. Stocks Indicate Tight U.S. Market
Sources: History: EIA; Projections: Short-Term Energy Outlook, May 2001.
- Low crude oil inventories go hand in hand with low product inventories. Product inventories were also drawn down to help meet demand, as shown with gasoline.
- The gasoline stocks – apart from other inventories – tell us something about the gasoline markets and thus gasoline prices over and above the crude oil markets.