RE:All that doom and gloom...
Last week some dumb MM placed the barrel draw at an impossibly high target of 6 million barrels and when the inventories reduced by 2.2 million barrels, instead of being happy with a small bounce there was a synchronized sell off as if all cars could not be powered by AA batteries. Now these same MMs have loaded up yesterday and going to do a run up to 50$ (or 49$ maybe). Easy peezy lemon squeazy.