Thanks, yes I suspect it’s because the 9.7m bpdoil production cuts is not sufficient to cover the 25m+ bpd demand destruction. 

Likewise #SP500 Q1 earnings season is kicks off this week, and I suspect there’s a bit of profit-taking ahead of the likely appalling guidance wrt 2020 https://t.co/elCjDjCwJq https://t.co/adtUgNTlpd