RE:RE:RE:RE:RE:RE:RE:RE:A theory re YGR true or not ?Worldwide oil demand was 102 million boe/ day in June. Supply was just over 100. This is before OPEC cuts which start in July. This was also supply augmented by SPR releases in June which are to cease. I don't know how US Demand is doing but it doesn't really matter. It's a global commodity. That's why oil prices are up. So far demand is ripping.