HomeMarketsFuturesCrude Oil Falls As Colonial Pipeline Restarts- Bob Iaccino Weighs In
Crude Oil Falls As Colonial Pipeline Restarts- Bob Iaccino Weighs In

Bob Iaccino says the fall in crude oil is a response to the settled cyber attack of the Colonial pipeline situation. He think some of the shortages in gas stations is a transitory condition as refinery capacity remains robust and the build gasoline is keeping up with normal seasonal demand trending above the five year average. Bob sees demand for crude oil actually firming up once the pipeline fully opens and the potential for India to turn the corner on their Coronavirus epidemic.

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14 May 2021

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