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The latest weekly report by the US Energy Information Administration is out and offers a grim reading on the demand supply balance in the US energy market.
I will not bog you down with my take on what happened with the WTI May futures on April 20/21, as it has been probably the most overhyped financial market development of 2020. However, lack of storage availability at Cushing, OK, the delivery point for the physically settled WTI crude oil futures, was a big factor in the