Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar on June 29th, 2023
Oil prices notch back-to-back gains a day after data reveal a hefty drop in U.S. crude supplies
The EIA’s report showed the four-week moving average of gasoline supplied, a proxy for demand, rising to the highest level since November 2021. That strong consumer demand trend is one of the reasons why WTI oil hasn’t dropped to new 2023 lows in recent weeks said Richey. Click here to read the full article.
