Bullish
$CHK $DNR Inventory is dropping slowly but surely. Once it gets to pivot point, it'll begin drop more in faster rate. Severe low Distillate inventory is actually forcing Gasoline level to go up but not necessarily crude level. This is what we are seeing last 3-4 EIA reports. You get Gasoline out of refining Distillate anyway. 2 digit IQ drawing on what you get out of a barrel of crude. You can't just get Gasoline out of Distillation Tower. You get em all. Been saying this even before Middle East tension last 4-6 weeks, will say again. Oil price will go back up regardless of Middle East. Supply drop will be felt soon enough.
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