Oil Prices Still Under Pressure

The video discusses recent trends in the oil market, focusing on crude draw, the Strategic Petroleum Reserve, and gasoline builds driven by imports. It highlights refinery operations and capacity utilization, noting a rise to 75% due to midcontinent recovery. Export trends are examined, with pressure expected from increased production in Nigeria, Iraq, and Libya. The video concludes with a market outlook, predicting downward pressure on oil prices.

What are the expected trends for crude oil exports in the coming months?

What pressures are expected on Cushing due to the increase in oil supply from other countries?