Noise Nice pause on stock price slide but keep in mind the oil environment we are in. Cushing down another million barrels today. China still using up strategic reserves. Nat gas still around 4 bucks.
The China manufacturing data is not the full picture. I watched bloomberg asia last night and a few key points were discussed. Chineese manufacturers are having to wait to ship products because of container shortages and a major port being closed after 1 covid case. Suez canal closure and seizure of the ship took away thousands of containers from use. China is driving oil prices down so they can refill their inventories. In a few weeks the markets will get back to functioning in a more balanced way.