Where is all the crude coming from? All of a sudden in the last 2-3 weeks, it looks like we can't unload it fast enough.
Looks like reduced consumption is most of it. The last 3 weeks have been under 20 million barrels a day. Before then, we were up near 21.
I guess so. It's probably a good thing some of those Iranian barrels are coming off market or the price would tank to $60. Who knows, it might anyway.