Here’s Why U.S. Oil Imports and Inventories are Both Rising
U.S. crude oil inventories are near record highs. At the same time, U.S. oil imports are up almost 1 million barrels per day from last year.
CNBC wanted to know why, so they invited Dr. Kent Moors to yesterday’s Power Lunch. There, Kent explained it all boils down to one simple thing… And he also shared his latest oil price forecast.