WTI weakness

very Simple metrics that help determine if you want to be a buyer or seller of WTI .Obviously plenty more goes  into making this decision but  a Nice overview of Supply and 1 portion of demand.

Z8/M9 CL   calendar spread  trend is down and trading negative=Supply ample


Weekly EIA storage  report show 5  consecutive weeks of Builds  of Oil In storage

oil su

Cl/brent spread continues to trend lower  as pattern of lower highs remains


Rbob crack touching 3 year low,Seasonality does not explain all of this drop

fron crck

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