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The IEA report yesterday and the Fed point to a limited impact by the storms on U.S. demand. It looks like the drop in production is bigger than the fall in demand.
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Phil Flynn
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Heating oil, along with jet fuel and diesel demand, is up and there's no sign of slowing.
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Phil Flynn
Refiners will be increasing activity at a time when imports will be steady to down. That should give us a draw in crude stocks.
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Phil Flynn
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