By the 2nd week of January, US refineries will start to be back in maintenance again. Surprise upside in refinery throughput could push crude builds lower . From last US Crude Oil Inventories 'At 431.1 million barrels, U.S. crude oil inventories are at the five year average for this time of year. Total motor gasoline inventories increased by 9.1 million barrels...
NYMEX:CLG2020 ''By the 2nd week of January, US refineries will start to be back in maintenance again, so we are assuming throughput to drop back down from ~17.3 mb/d to ~15.8 mb/d. Surprise upside in refinery throughput will push crude builds lower''. ref. seekingalpha.com
After been slaughtered by bears as many, I did my homework to find some relationship with data. By using correlation coefficient , I got as follows: CORRELATION PRODUCTION/FUTURE CONTRACT1 1997-2019: -0,546068986 EXPORT/FUTURE CONTRACT1 1997-2019: -0,225406774 SPARK SPREAD/FUTURE CONTRACT1 1997-2019: -0,359737539 STORAGE/FUTURE CONTRACT1 1997-2019:...