RE: API report due 9:30 UK time this evening. Brent price5 May 2020 14:41
Correction:-
Krakenoil.
Your comments are, in my opinion, two to four months too soon.
We will see what the FACTS reveal in the API report later, and more importantly the EIA report tomorrow afternoon.
Has it not occured to you the oil production before the oil cut which started just 4 days ago is still en-route to wherever and in some instances, I'm sure won't arrive for a few weeks at least! Also they would be sending out as much as possible before the cut to maximise revenue.
All IMHO.