WTI front month volumeLook at the volume on the front month WTI contract. And still before market open.
There is an incredible battle going on between sellers/suppressors and buyers/speculators. Eventually the speculators are going to overwhelm the suppressors.
This is a surprisingly low price of WTI considering North American and world inventories are at an all time low with no new production in sight.
Of course there are a lot of politics involved in "managing" the price of WTI, but eventually the economics will swamp the politics.
Be patient my friends!