US crude oil and derivative inventory was down 34 mmbbls over the five weeks proceeding last week. And remember that more than 50 mmbbls inventory increase was operations requirements such as new pipelines coming on stream which needed to be filled with crude prior to startup and US refinery 3% expansion plus need for segregated storage tanks for fracked oil. Hopefully the inventory will drop below 350 within the month and the US will be in a supply shortfall situation five to ten times the fake news supply glut.  And guess who owns the financial media producing the fake news.