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Is This The End Of The Oil Rally?

Oil prices were mostly flat at the start of trading on Tuesday, after having posted two of the worst single-day declines over the past week. (Click to enlarge) (Click to enlarge) (Click to enlarge)- The U.S. processed a record amount of crude oil in 2017, even as refinery capacity remained flat. - Gross crude oil inputs averaged 16.6 million barrels per day in 2017, up from 14.3 mb/d in 2009. Over that period, refining capacity only increased by 945,000 bpd. - That means that refining utilization jumped over that time period from 83 percent to…