Whats with EIAEither they're incompetent or someone screwed up large! Everything coming out seems to be the flipside of facts before Putin announced cuts in production. Before the cuts, they were full steam ahead with tightening supplies and revisions including increased demand, OPEC raised its forecast before and now the math says that they completely missed the mark when it comes to EIA Crude Oil Stock with swelling Oil Stock and they now say that when they did the prior calculation for the demand they accounted for Russia Cuts even before they were announced so, on one hand, their genius on the other completely incompetent, everything now is the flipside saying we have more than enough Oil and demand isn't there, Idiots, tomorrow EIA will unveil their super secret project pumping excessive Oil into SPR and that it is filled to the brim. Putin must feel a lot better knowing that the cuts won't hurt the US after all the touting on Oil surplus, watch this backfire and Putin says ok then I'll cut by 750,000 bpd. Regardless when it does happen and Russia does cut 500,000 bpd I think Oil will rally maybe pushing through $83 on facts, a lot can happen but I'm pretty sure that if there was lost production from pipeline damage or any number of reasons the market would panic. This rally started from $73 is still intact and as we have seen in the past it takes time to move higher or lower. Regardless of everything happening in the back of all trader's minds is that demand will increase so no reason to sell off Oil much lower. Maybe tomorrow Oil will firm up.