Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss:

Comparative inventory on oil

Inventory correlation to price

Price cycles and the oil-price yield curve

Impact of U.S. exporting oil

Trends in tight oil rig counts

Managed money unwinding net long positions

Distillate and gasoline inventories

Why is backwardation collapsing on WTI

Sensitivities to supply concerns

Discrepancies between IEA and OPEC forecasts

Where are oil prices going in 2019?

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