Baytex Energy Corp T.BTE

Just a blip in the data

[65F09A]

Ummmmmm....  You might need to dig a little deeper.

This WAS a global gasoline demand (supply shortage) led rally.

No oil should go to storage with this curve shape.  It cannot be hedged.  It should all sit in the physical market.

China crude coverage ratio recently got north of 130 days of demand.

Saudi's took barrels out of the market with a high middle distilate content making the global gasoline/refining squeeze worse during the peak demand period.  No longer the case.

Gasoline future prices have been falling for 3 straight weeks.

[raven16]

Looks Like Your Shorts Are Doing Well Today And Gave Me An Opportunity To Add Today. 

[Moemoney42]

West Texas Intermediate slipped below $86 a barrel to the lowest since early September. The drop came even as OPEC+ leaders Saudi Arabia and Russia committed to sticking with production curbs of more than 1 million barrels a day until the end of the year. US gasoline futures plummeted 5.9% to trade at $2.22 a gallon. Meanwhile, inventories at the largest US storage hub in Cushing, Oklahoma, saw