Podcast

The Universal Owner — Thursday, July 30, 2026: Cover, Not the Level

Crude stocks are marginally higher than the September 2018 week everyone is citing - but refineries are drawing 745,000 barrels a day harder, so cover is a full day thinner. Three FOMC voters wanted a hike.

The Universal Owner — Thursday, July 30, 2026: Cover, Not the Level

The Universal Owner · Daily podcast · Thursday, July 30, 2026

Crude stocks are marginally higher than the September 2018 week everyone is citing - but refineries are drawing 745,000 barrels a day harder, so cover is a full day thinner. Three FOMC voters wanted a hike.

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