Bad Economy; Plenty of Fuel & Fuel Prices Climb?

We have a fuel surplus of 45 million barrel. That’s a lot of fuel oil. Economic data released Wednesday showed wholesalers cut their inventories in February by the steepest amount in more than 17 years as companies struggle to reduce stockpiles amid slowing sales. The Commerce Department said wholesale inventories dropped 1.5%, the most on record dating back to January 1992 and more than double analysts’ expectations.

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