EIA-lowers-oil-production-forecasts

EIA Production Figures Update

It was brought to our attention by our friend Myra Saefong at MarketWatch.com that the EIA noted the production number in Wednesday’s weekly inventory report incorporated “re-benchmarking,” and apparently skewed the figures in the release. Here are a few thoughts on the subject. An imbalance showed up between the monthly and weekly production data, and[…]