Oil Stockpiles Near Danger Zone

[SamuelTheThird]

Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as millions of barrels per day remain unable to reach end markets. Dicker warns hosts of Bloomberg This Weekend David Gura and Christina Ruffini if inventories continue to fall, crude prices could surge from current levels to as high as $135 a barrel.

[WSHazel]

1. There are a lot of people very long oil

who are very scared. I believe Trump and his friends are among them. There is a lot holding prices down, from U.S. production to demand destruction to alternative supply chains. We are watching a huge short going head to head against a huge long. We will see who wins soon enough. My money is on the shorts.

[harumph]

2. The Cushing Repository is on a lot of people's minds.

[Wonder Why]

3. The trump suppository is on all repug minds. Does that count?