Yesterday:

      API +12 million barrels of Crude            

                Started by metmike - April 7, 2020, 6:21 p.m.            

https://www.marketforum.com/forum/topic/50187/

Crude + products a 30MMB build, despite a 600.000 BPD shut in
Gasoline & jet fuel consumption is off 50% vs last year.
Never thought I'd see this
http://ir.eia.gov/wpsr/overview.pdf

Thanks patrick!

And CL and RB are trading higher. HO lower, which suggests the market already dialed in, almost the most bearish possible scenario when they crashed last month.

HO is down though, even though the numbers are not so bearish. Looks like refiners are increasing productions are increasing production of distillates and demand has not dropped much there.

The RB/HO spread had been getting killed during the collapse, anticipating these numbers apparently, so thats coming back too..............today.

Could just be a short term sell the rumor, buy the fact profit taking by speculators and in this environment is not a great predictor or tomorrow or after that.

I dug up this old thread, when thinking back to the early stages of this crisis, when Wayne was early and way too conservative on his predictions.

A fun read for sure!

                WTI            

                            28 responses |          

                Started by wglassfo - Feb. 27, 2020, 4:24 p.m.            

WTI getting really close to printing 45.00

Who did I make that bet with???

https://www.marketforum.com/forum/topic/48161/

Wildlife is moving into abandoned gas stations near MIT
https://twitter.com/OnlyInBOS/status/1248241756686159873