By Mark Rossano
Sections:
- U.S Frac Spread Count to Fall Below 100
- U.S. Remains Flooded with Crude- June to Go Negative
- PADD 3 and EIA Data Coming into Greater Focus as Tank Tops Getting Hit
- U.S. WTI June Futures Heading to $-3 and Brent to $7: Break Down of U.S. Tank Space
- China Refined Product Exports Surge into a Massive Oversupply
- Price War Continues Away from the Screens
- Crude and Product Glut to Continue as the Terrible Economic Backdrop Comes to Light
- Terrible Economic Data Only Made Worse by Rising Food Inflation/ Crop Damage/ Shuttered Facilities
- Quick Geo-Political Round-Up
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