QuestionLooking for your thoughts here. If I understand things correctly, there are essentially two markets for oil, the physical (actual oil for delivery) and the financial (trading market). We seem to be experiencing a disconnect between the two IF inventories are actually falling vs the averages (I am starting to doubt this) and we are very tight. There does seem to be a lot of conflicting information which is a problem all its own.
The question is: when is the point where the financial actually needs to catch up with the physical? If it doesn't, then all these charts from EN and others make no difference to anything and I have no idea why I stay long.
Thoughts?