Fast forward to today:
"The market was geared up for a bid crude-oil draw and got blindsided”
‘A 1.4 million barrel-per-day petroleum-demand drop is the kind of shift one associates with a catastrophic storm or economic plunge.’
Gamblers are still WAY too long this trade...
"Aw fuck, not this again!!!"
"What do you mean there's no such thing as 'clean coal'?"
It's very unusual to get a crude build in June. But don't take my word for it, from the second article above:
the “window for net draws in the U.S. in the 2017 fiscal year is “too narrow for total inventories to normalize.”
At least there's always internet stocks: