It's my understanding that the IEA numbers that were out on Wednesday showed that our U.S. oil inventories rose 2.3 million barrels last week, which is above where they should be for this time of year, possibly a signal that the demand is tapering off, which, in my view, would make it even less compelling that there's a supply shortage that is out there.
Murkowski discusses U.S. oil inventory levels and demand trends.
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