The oil market will wake up to the shortage and prices will shoot higher.
Cushing is the key indicator. Every time inventories dropped to around 20 million barrels, physical buyers stepped in to rebuild stocks.
One more night and we get a new datapoint.
Iran and the US agree to stop the war and sign the deal in Switzerland.
In Norway, Subsea 7 rises to a new all-time high.
I am very curious how the oil bears explain this.