Standard Chartered Dubs Latest USA EIA Data Highly Bullish
May 02, 2023
In a new report sent to Rigzone on April 28, analysts at Standard Chartered said the latest Energy Information Administration (EIA) weekly data was “highly bullish” according to the company’s U.S. oil data bull-bear index, which they said rose 47.7 week on week to 46.0.
“Crude oil inventories fell below the five-year average for the first time this year, with an 8.54 million barrel fall relative to the average,” the analysts stated in the report.
