Oil markets are extremely volatile these days. After prices plunged into negative territory (for WTI) earlier this year, crude staged a remarkable recovery and is mostly bouncing around between $35 and $40 per barrel. Data provided by the EIA (Energy Information Administration) reveals that there is some pain associated with the space (as measured by growing inventories), but recent revisions to their estimates, combined with some key misconceptions put out by the EIA, illustrate that the market is well-positioned for upside to continue so long as a return to shutdowns caused by COVID-19’s widening spread