So oil prices are still elevated…shown notably by our snazzy new graphic from our Koyfin platform …. those are right at 100’s/ barrel for Brent and WTI …
This interesting graphic hit our inbox, from our buds at Visual Capitalist –
Here are the non graphic/exact numbers:
From the article ….
” …CHINA …At an estimated 1.4 billion barrels, it is larger than the combined strategic inventories of the U.S., Japan, OECD Europe, Saudi Arabia, South Korea, Iran, the UAE, and India.”
Counting their population and large dependency on imports, this makes total sense!
Oh…. and a huge factor in the expected hot CPI number this week!
Have a Great “Oil Reserves Analasys” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
