There is constant bearish talk that US Crude inventories are at very high levels. What majority of these bears have missed, is that there is actually a world outside of the US, and believe it or not... they are eating Crude Oil supplies at an amazingly rapid pace.
In fact, they are consuming excess levels of Crude so fast, that almost all of the global build up inventory, that occurred during the 2008 recession, has now been used. Why the hell have all the bears out there been trying to short Crude, in the first place?
No wonder Crude is back in the $100 range, from the depths of $30 a barrel not so long ago. Since markets always look to the future, instead of the past or even present, the question is what next?