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Crude Seasonal Chart

Crude Oil (NYM): (High: Oct//Low: Dec) Twin peaks in demand built on pillar of primary product demand. Weakness into Feb due to reduced demand for heating oil. Strength into Mar-May as inventories of gasoline built prior to US driving/vacation consumption. Lowest consumption of heating oil Jun-Aug, but demand for inventory grows prior to winter. Decline into Dec as refiners sharply curtail purchases to avoid year-end inventory tax.
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Charts courtesy of Moore Research Center, Inc.
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