America’s pile of emergency oil is shrinking fast - CNN
Energy
U.S. crude inventories have posted five consecutive weekly draws while diesel stocks hit a 23-year low and SPR releases are accelerating toward potential record lows. Tightening domestic supply against strong export demand sets up a constructive near-term backdrop for crude and refined-product prices, with levered E&P and refining names as primary beneficiaries.
0 reads·1 theses
Angle
↑ LONG+8% target-5% stop3-6 weeks
Long VLO and MPC on diesel scarcity — 23-year-low distillate stocks with strong export demand is a refiner margin tailwind; fade any dip in crack spreads.