Cue the Jaws music. Chickens, roosting, etc etc.
The admin is burning through our SPR. China is burning through their SPR. Those are finite barrels. Supply is down by about 1 billion barrels since February. Demand is not down to match it. Immovable object is going to meet unstoppable force.
Ash
US API CRUDE OIL STOCKS DRAW -9.119M BARRELS, WELL ABOVE FORECAST OF -3.4M (PREV -6.75M).
