Oil prices are rallying post-EIA report as today’s crude draw was joined by a drop in gasoline inventories. Although waterborne imports were strong last week, OPEC flows to the U.S. continue to ebb. Hark, here are some things to consider in oil markets today: Last week we discussed how the share of OPEC crude heading into Asia was on the wane, as other exporters were muscling in on the cartel’s market share amid the OPEC production cut deal and rising demand. Switching our focus to the U.S., we can see that a similar trend has been underway in recent months, as deliveries from key suppliers such as Saudi Arabia drop – despite rising flows from others such as Angola and Libya. After accounting for as much as 72 percent of U.S. waterborne deliveries in March, OPEC deliveries last month dropped to 65 percent, and are tracking even lower so […]