Weather and OPEC Become HO’s Drivers

The weather in the United States was very warm during the Autumn months, which has allowed distillate stocks to rise to record levels.  Colder weather started to move across most of the United States in December, which could help balance inventories. OPEC production will be the catalyst that will drive prices over the balance of 2016 and into 2017.  Wednesday’s inventory data showed a different crude oil inventory…