Question for the BoardHey Folks,
Is the viewpoint that the weekly builds in oil continues to be residual from hurricane Harvey and that over the next few weeks we start seeing high draws with the refineries back online? Obviously sentiment has changed given CPG making gains despite drops or moderate gains in crude oil. A month ago we could easily see a drop in SP whether price of crude was up .50 or down.
Im certainly happy with performance as of late but still remain concerned on whether it is sustainable? It seems there is a shift in sentiment lately and I'm pretty close to a break even point. However, I'm in doubt that we will see oil at $60 and even $55 seems unsustainable given the US rig count will go up with the price of oil, thereby adding to a glut.
anyways, I'm rambling now but appreciate other people's viewpoints. Cheers