While everyone is focused on US stock levels...don't forget China, Japan and Europe!
Oil and Gas supply crunch...see below storage at 10 year lows!! Major price support!
Reference:
https://www.reuters.com/business/energy/cusp-europes-winter-season-gas-storage-hits-10-yr-low-2021-09-22/
"On the cusp of Europe's winter season, gas storage hits 10-yr low" "OSLO/LONDON, Sept 22 (Reuters) - European gas storage levels are at their lowest in at least 10 years ahead of the crucial winter heating season, exacerbating the risk of further price spikes from already record-high levels. In European countries and Britain combined, storage sites are currently around 72% full, compared with 94% full at the same time last year, and 85% full on average over the past 10 years by the end of September, based on the latest Gas Infrastructure Europe data."