Crude Oil Inventories Rise by 3.88 Million Barrels

The video discusses recent changes in oil inventories, highlighting a larger-than-expected build in crude oil and a drawdown in gasoline and distillate inventories. It examines the impact of production numbers on oil prices, noting a rise in prices and the importance of monitoring production and supply trends. The video also covers the performance of energy stocks, including Chevron and refiners like Tesoro and Valero, and mentions the short squeeze affecting companies like Chesapeake and Marathon.

What was the unexpected change in gasoline inventories mentioned in the report?

• A build of 4.5 million barrels

• A drawdown of 4.5 million barrels

• A drawdown of 3.9 million barrels

• A build of 3.9 million barrels

How did the initial market reaction manifest after the inventory report?

• Oil prices remained stable

• Oil prices fell by 3%

• Oil prices dropped by 1%

• Oil prices rose by nearly 3%

What is the hope for the oil market as U.S. production decreases?

• That oil supplies will decrease

• That oil supplies will increase

• That oil prices will decrease

• That oil production will increase

Which company received an analyst upgrade and benefited from higher oil prices?

• Marathon

• Chesapeake

• Williams

• Chevron

What was the performance of refiners like Tesoro and Valero in the energy complex?

• They saw a slight decline

• They remained unchanged

• They were among the strongest performers

• They were among the weakest performers