RE:RE:RE:RE:look at the charts Refineries around the world are buying Crude on the August contract to meet their needs this fall. That is traditionally a season of weaker demand for products and consequent refinery shutdowns for maintenance. Layer on concern over continuing lockdowns and then maybe that explains why the trade did not jump in on yesterdays blow out.
Nevertheless of two things I am sure ; Winter will come and the inndustry will not be able to stock up in time. As to actual numbers , I have not been blessed with those powers, but I can usually spot a good long term bet and VET fills that bill for me !!