Tortoise Portfolio Manager Brian Kessens in Bloomberg

Record U.S. Crude Stockpiles Show Cracks in Oil Market Recovery

  • Stockpiles top 2017’s record high, even as producers pull back
  • Second U.S. coronavirus wave puts demand uptick in question

Swelling U.S. oil stockpiles are signaling that a difficult path lies ahead for OPEC and its allies who are trying to stabilize the market with record output cuts.

Read more here: https://www.bloomberg.com/news/articles/2020-06-09/oil-retreats-after-report-points-to-increase-in-u-s-stockpiles

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