This is a special edition of Macrovoises with hedge fund manager Eric Townsend.

The premier financial podcast targeting professional finance, high net worth individuals, family

offices, and other sophisticated investors.

Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.

Macrovoises Energy Week Episode 11 was recorded on July 17, 2019.

I'm Eric Townsend.

I'll be joined this week by author and consultant, Anas Alhaji, commercial broker Pat Hemsworth,

and hedge I energy research head Joe McMonigal.

Our topics this week will include what happened with oil prices, Iran, EIA, or something else,

what's going on in Venezuela, and finally a listener question about crude quality as

it affects the Canadian crude market in particular.

But first, let's dive into this week's EIA data.

Crude oil drawing down 3.1 million barrels, not nearly as big of a drawdown as we saw last

week, pushing Oklahoma drawing down 1.4 million barrels, meanwhile gasoline building 3.6

million barrels, and distill its building 5.7 million barrels.

The tape action was down.

Actually, after a delay, it wasn't instantaneously down, but after the market had a little bit

of time to digest the data, we ended up closing sharply lower on the day.

It's important to remember, however, that this was a hurricane week.

The inventory and production data that we received this week was for last week, and last

week was a week when the hurricane in the Gulf of Mexico resulted in 12 platforms being

evacuated in the Gulf of Mexico, shut in of production, hurricane affecting refineries

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