RE:U.S. Oil Stocks Down 50.3% Over YearGood point geezer but the elephant in the room is the Cushing inventory and that facility is dangerously close to being empty and nonfunctional . Since Cushing is the NYMEX devivery point , it has the potential to spike prices but nobody seems to be acknowledging it .
The market is strong while supply remains stable , all supportive of price . Oil is presently back up to $80 WTI , I wouldn't be shocked if we had another leg up tomorrow . Either way I'm sure the messages posted here will be entertaining .