Oil destined for $65-$70.... Without a doubt.....it was oversold in the first place anyway.....The doomsdayers were simply pulling the price down so as to load up......
Oil never stays downs for long.....Tank is filling up quickly without a doubt but no matter.....OIL going higher.
My guess is the drawdown will be double the API prediction... Probably down 3-4M..... Oil will see $65 before afternoon close....