May 11, 2020 Charts
WTI rose for a second week on higher demand; WCS trading at the narrowest diff in history; US gasoline consumption up >30% from bottom
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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
WTI fell to an unprecedented negative $36.73/B; IEA: Q1 oversupply was over 7 MMB/d; US crude stocks had a record weekly gain
