What does oil and product storage data tell us in these days of a pandemic?

The COVID-19 pandemic has destroyed oil demand around the world in volumes that are nearly impossible to comprehend. On April 20, crude oil prices dropped to a low of roughly -$40/barrel for a few moments in the futures market, sparking a frenzy of media coverage. But what do the numbers really tell us about the demand and supply of oil, and how is the situation likely to unfold in the coming months?

You can read about my answers to this question in an article I wrote for the Global Association of Risk Professionals.

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