Jim Colburn

Ryan Dezember and Vipa Monga, Wall Street Journal, have a nice piece today, here, “North America’s Industry is Shutting Off the Spigot”, including

Here is the chart from Barchart.com... May/June declined by $.98 on Thursday...  Lots of spread options are going in the money... Open interest on the

From the EIA’s “This Week in Petroleum”, US petroleum and product stock levels... Distillates actually look tight...  

Here s a nice chart showing supply/demand forecasts and inventory builds from the EIA’s excellent Short Term Energy Outlook:

Here is the EIA’s Short Term Energy Outlook, released yesterday, projecting future oil prices... Note the 95% confidence interval:

Here is the CME's Most Active Strike tool from yesterday... Put open interest increased by more than twice call OI... Did traders use the rally to

May/June and June/July -$5.00 and -$6.50 puts trade 5,000 times each, maybe as a put spread... May/June futures settled at -$4.00, June/July at