US crude inventory was down 6.3 mmbbls ....crude plus pp was down 14 mmbbls. No mention of this....hmmm. They now are focusing on  oil production oversupply of less than 0.2 mmbpd in a 95 mmbpd real world market. The banks' HFTs are selling fifteen times that volume daily in the futures market. Guess the  financial / economics whiz kids think it is smart to have nada fallback excess production to cover political/facility disruptions. Maybe they are intentionally ramming their focus on a non issue to mask the fact that they are using their HFT volumes to manipulate oil pricing to cover their rear end. The banks have driven down virtually every commodity price to going out of business levels along with their zero interest rates. EU/US have spent the last ten years trying to recover from the banking industry sub prime debacle. Sub prime's purpose was to increase US home ownership from 64% ....Bill Clinton's idea. Clinton legislation opened HFT door for banks as reward.