But we have yet to see any real impact in weekly API or EIA stats.  I realize it could take a little while for that to back up on the US, but we all know, we havent seen it yet.

Im usually too aggressive in these kinds of things, i think the market is heading down but the minute someone comes out and says the virus has peaked, we could rally $5+.

If we start seeing some signs of a backlog of oil in these reports, then I’ll jump in, but until then I’m just a spectator.  Though I did go long some NG.  I think we are at a very strong bottom There.

Thanks Jim,

I think ng is close to a bottom or already made it also.

Oil Falls To $50 As Sentiment Sours

By Tsvetana Paraskova - Feb 25, 2020, 9:30 AM CST

https://oilprice.com/Energy/Oil-Prices/Oil-Falls-To-50-As-Sentiment-Sours.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1582665631&_p_c=1

Oil prices erased Asian-trade-hours gains and lost 1 percent early on Tuesday in search of direction as fears of additional demand destruction amid the coronavirus outbreak continue to weigh on market sentiment.