Red day mostly due to BrexitInventories only dropped 700k barrels less than forecasted by the EIA. That alone did not warrant the scale of the price drop. Brexit fears have returned as investors are once again very anxious with the Brexit vote just a day away. This is now 5 consecutive weeks of inventory draws in the US. Anybody who doesn't think fundamentals are improving are out to lunch. you hear talk of analysts saying we could see a balanced market in 2017. We are clearly in an undersupplied market right now! Do these people not look at the inventory data? 5 consecutive weeks of draws = undersupplied market. Once the oil sands are back to full production, it still may not be enough to balance the market. Worldwide demand is growing faster than anticipated. Crude price has no choice but to increase. Once the Brexit vote is over, the uncertainty ends. The market hates uncertainty even more than bad news! I cannot comprehend how people can short oil right now. It's doubled off its lows in just a few short months. The shorties are in denial. They had a good run if they started shorting mid-2014 but that run has ended. I don't know why they cannot just go long. The whole point of all this is to make money. The fundamentals, technicals and sentiment are bullish. The longs are laughing right now as some of us have tripled our investments since February. The bull run in oil has just started. It's not too late to go long shorties! People have been saying oil is going back to $40 since it was $40.01. It's not happening. That ship has sailed. The same people said it was going back to $30 when it hit $40 and said it was going to $20 and even $10 when it bottomed at $26. I am not pumping, I look at the facts and data and don't invest/trade based on emotion. If the fundamentals were opposite, I would tell you to short and not be emotionally attached to a long position. It's time for some of you to wake up. Go long already! If you don't, you will continue to lose a lot of money!