yesterday was a head fake...blame the shortsEdm light = $14US/bbl w/diff of $10 to WTI which tells us that W.Cdn storage is filling fast and the worst is yet to come in Q2 . AB to increase production curtailments, Texas to do the same. Oil sands to commence shutting-in next month w/WCS now @ $8US/bbl. Patience my friends, the bottom isn't in yet.
https://www.reuters.com/article/us-health-coronavirus-oil-surplus/oil-industry-may-fill-global-storage-in-months-as-record-glut-builds-idUSKBN2152WK