Post-game: A record 17 million barrel drawdown from US oil storage in one week is unprecedented (or at least the largest since records began in the 1980s), but the surprise negative was building gasoline demand rather than expected drawing, suggesting demand destruction despite bullish inventory action.

factualpending

Speaker

Patrick Cerezna

Evidence Quote

“record 17 million Barrel drawdown...gasoline building...1.5 million barrels that was the surprise”

Source

MacroVoices #387 Jeff Snider: On Deflation and Soft Landing— Macro Voices
Created: 8/12/2026, 6:18:11 PM

My Notes

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