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Physical markets are recovering in US Crude Oil: PIRA Energy

Posted on 09 May 2014

NYC-based PIRA Energy Group believes that the physical markets are recovering. In the U.S., commercial stocks continue to March higher. Specifically, PIRA’s analysis of the oil market fundamentals has revealed the following:
Physical markets are recovering: PIRA’s economic growth forecast is on track. Market positioning is more of a concern for next month’s prices than seasonality. Physical markets are recovering, especially in the Atlantic Basin, supported by relatively low stocks and higher crude run demand……………………………………….Full Article: Source


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