US oil inventories are at the highest levels for this time of year in nearly a century, and the risk that they could reach full capacity is growing.
"On current trends, our team does not expect the limits of storage capacity to be reached," the analysts wrote. "But there is always the risk that demand will unexpectedly fall short (or that supply will surprise), at which point the only way to clear the excess supply in the physical market for oil is with sharp price declines."
Source: Goldman Sachs
The greatest deception men suffer is from their own opinions. ~ Leonardo da Vinci
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