Publications: Notes at the Margin

Wanted: Longs to Buy Crude or Product (December 22, 2014)


Petroleum markets functioned relatively smoothly for decades because buyers willing to take title to crude or product for storage in inventories were always available. In the past, this activity has helped stabilize prices during periods of oversupply. Today, such buyers are nowhere to be found. This week's report offers the details and discusses the implications for crude and product prices.


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