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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (183941)	5/23/2014 6:34:54 AM
From: Dennis Roth	2 Recommendations Recommended By isopatch LoneClone Read Replies (2) \| Respond to of 206150

Energy Weekly: Balances Point To Tight Crude & Sloppy Products, Reality Agrees — Refinery Build Out and Chinese Stock Build Explain Firm Crude and Weak Margins. Summer Crude Balances Looking Tight. 20 May 2014 ¦ 13 pages ir.citi.com A simple read through of agency oil balances through 2014 shows non-OPEC supply growth outpacing product demand growth, reducing the implied call on OPEC crude and lending a bearish tinge to the overall oil market. Yet these oil balances fail to capture the important distinction between crude and product balances, and a closer look at the two helps explain the current strong crude/weak margin environment, which Citi expects to remain.