{"id":5788,"date":"2015-02-24T16:23:19","date_gmt":"2015-02-24T22:23:19","guid":{"rendered":"http:\/\/www.regiontrack.com\/www\/?p=5788"},"modified":"2015-02-24T16:23:19","modified_gmt":"2015-02-24T22:23:19","slug":"crude-oil-inventories-still-weighing-heavily-on-oil-prices-02242015","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/crude-oil-inventories-still-weighing-heavily-on-oil-prices-02242015\/","title":{"rendered":"Crude Oil Inventories Still Weighing Heavily on Oil Prices"},"content":{"rendered":"<p><strong>Oil is trying hard to bottom near $50\/barrel, but inventory build-ups keep getting in the way.<\/strong>\u00c2\u00a0Our pic-of-the-week shows weekly commercial crude oil inventories in the U.S. and they keep getting larger and larger. Crude in storage managed to post an all-time high of\u00c2\u00a0425.6 million barrels last week. Not only does this extend the uptrend but it also represents a bounce well above the trend.<\/p>\n<p><!--more-->The current short-run supply imbalance will eventually be solved and prices will head higher, but it might take at least a couple of quarters. A retest of the recent\u00c2\u00a0lows in price doesn&#8217;t seem out of the question along the way.<\/p>\n<p><a href=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-5787\" src=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-1024x569.png\" alt=\"potw_1_20150224\" width=\"695\" height=\"386\" srcset=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-1024x569.png 1024w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-300x167.png 300w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-768x427.png 768w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-200x111.png 200w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-400x222.png 400w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-600x333.png 600w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-800x444.png 800w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-1200x667.png 1200w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a title=\"Sign up for our Pic-of-the-Week\" href=\"http:\/\/www.regiontrack.com\/www\/pick-of-the-week-web-signup\/\" target=\"_blank\">Sign up<\/a>\u00c2\u00a0to receive RegionTrack&#8217;s PIC OF THE WEEK!<br \/>\n[email_link]\n","protected":false},"excerpt":{"rendered":"<p>Oil is trying hard to bottom near $50\/barrel, but inventory build-ups keep getting in the way.\u00c2\u00a0Our pic-of-the-week shows weekly commercial crude oil inventories in the U.S. and they keep getting larger and larger. Crude in storage managed to post an all-time high of\u00c2\u00a0425.6 million barrels last week. Not only does this extend the uptrend but&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,13,1],"tags":[31,45,72],"post_series":[],"class_list":["post-5788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-graphic","category-pic-of-the-week","category-uncategorized","tag-crude-oil","tag-energy-prices","tag-oil-and-gas","entry","has-media"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"thumbnail":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-150x150.png",150,150,true],"medium":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-300x167.png",300,167,true],"medium_large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-768x427.png",768,427,true],"large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-1024x569.png",980,545,true],"1536x1536":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",1536,853,false],"2048x2048":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",2048,1138,false],"lightbox":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"search_results":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",125,69,false],"blog_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224-250x150.png",250,150,true],"blog_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"blog_post_full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"blog_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"portfolio_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"portfolio_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"portfolio_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"staff_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"staff_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"staff_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"testimonials_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"testimonials_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false],"gallery":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20150224.png",3769,2094,false]},"uagb_author_info":{"display_name":"mcsnead","author_link":"https:\/\/www.regiontrack.com\/www\/author\/mcsnead\/"},"uagb_comment_info":0,"uagb_excerpt":"Oil is trying hard to bottom near $50\/barrel, but inventory build-ups keep getting in the way.\u00c2\u00a0Our pic-of-the-week shows weekly commercial crude oil inventories in the U.S. and they keep getting larger and larger. Crude in storage managed to post an all-time high of\u00c2\u00a0425.6 million barrels last week. Not only does this extend the uptrend but&hellip;","_links":{"self":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/comments?post=5788"}],"version-history":[{"count":0,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media\/5787"}],"wp:attachment":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media?parent=5788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/categories?post=5788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/tags?post=5788"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/post_series?post=5788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}