Another late and brief blog, much to expand on later in the week I hope. With Janet Yellen doing her testimony to the Senate Banking Committee markets waited to hear news of US recovery and growth, overall it was good news but only just, instead of being at least two fed meetings away interest rate hikes can be judged on a ‘meeting to meeting’ basis.
Barry unsurprisingly vetoed the Keystone XL pipeline and without the wherewithal to push the Act through, the Republicans look like they cant go anywhere from here, yet… And the API stats showed a stock build of 8.9m barrels of crude oil while unsurprisingly gasoline and distillates drew by 1.6m and 2.4m barrels respectively.
Barry unsurprisingly vetoed the Keystone XL pipeline and without the wherewithal to push the Act through, the Republicans look like they cant go anywhere from here, yet… And the API stats showed a stock build of 8.9m barrels of crude oil while unsurprisingly gasoline and distillates drew by 1.6m and 2.4m barrels respectively.
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