https://x.com/i/status/2050406348748378495
Japan stopped publishing the oil data.
Fujairah is near tank bottom.
European oil inventories are collapsing.
US is the only visible one left with cushion. The US is 20% of global oil inventories.
When the market sees how fast visible onshore inventories decline, the inflection point will come.
Wednesday's EIA Oil inventory report should be telling