Cat House

[Porgie Tirebiter]

I think it's more reflective of traders and/or speculators getting caught with their pants down.

Normally there would always be a buyer for the contracts at a reduced price, but with storage nearly maxed out buyers have disappeared. Some CME traders have found themselves obligated to take physical delivery of a few thousand barrels at their Gold Coast apartments... Uh oh!

On the other hand, if you got a tank with some room, you could really make out.