RE:RE:RE:Oil Supply and DemandGreat find Doug. And 4 hrs ago API report showed sharp declines in both crude oil, distillates and gasoline :
crude oil -1.14 millions
distillates -2.0 millions
gasoline -1.9 millions
Let see the more awaited eia report tomorrow at 10:30 ET. $50 is a matter of hours and with summmer driving season about to start, $60 is coming for summer. At the pace US is cutting, we could think $70+ before year end, imo.
Cheers all