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May 18, 2020 Charts

WTI rose for a third week on higher demand; US oil stocks saw a surprise draw last week; US gasoline consumption up >40% from bottom

WTI rose for a second week on higher demand; WCS trading at the narrowest diff in history; US gasoline consumption up >30% from bottom

E&P equities have rallied off of their lows; US oil stock build lowest in the past 5 weeks; US gasoline consumption ticked up again last wk

Crude by rail exports hit a record high in Feb; Weekly US data shows production is dropping; US stocks rose by 15 MMB last week