According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR).
— The Kobeissi Letter (@KobeissiLetter) October 3, 2023
This is roughly half the historical average of ~33 days dating back to 1990.
Meanwhile, oil prices are still almost 30% above the target price the US set to refill… pic.twitter.com/1vX5yBkTxL
The housing pivot?
https://www.thestreet.com/real-estate/warren-buffetts-berkshire-hathaway-predicts-major-housing-market-pivot