Oil prices are rising way ahead of reality, way ahead of fundamentals,” said Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt. “It would be more reasonable for prices to drop a little and correct to $50 or below.”
And, how many ships are storing oil? I don't know how many, but it's gotta be a bunch.
There’s enough unsold crude stored in offshore tankers to supply the U.S. for a week,
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