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Oil markets are undergoing a volatile and confusing period. If anything, this is an understatement. Fears of plunging demand have worked to push prices down to historically-low levels, including into negative territory briefly in the US. While some downturn in pricing is warranted given the drop in demand caused by the COVID-19 pandemic, data is already showing that the market is likely overestimating the demand destruction and discounting the supply destruction that is currently taking place. When everything is taken together, it looks like there's a higher chance that the world will have a material