Gasoline inventories fell sharply thanks to falling imports, declining domestic output and strong growth in demand so far in April.
More Quotes from Kevin Norrish:
With global inventory still at extremely low levels and particular concern over low product and crude oil inventory in the U.S., there is little obvious sign of any significant weakness.Kevin Norrish
The U.S. is facing a major gasoline crisis and is starting from a nearly empty tank.
Kevin Norrish
The market has given its verdict it's going to be above 60 for quite a long time.
Kevin Norrish
The statement fell short of an outright denial, leaving market fears free to grow.
Kevin Norrish
The strikes may further constrain Europe's already limited ability to export product across the Atlantic.
Kevin Norrish
The market's had a crack at 60 several times recently, but not looked at all convincing below that level. I just don't think there's the appetite to push it down there.
Kevin Norrish
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