Finally, some demand destruction figures from EIA

[Ward Smith + 6,615]

Inventories soared last week

Quote

“Four weeks into the U.S. lockdown, the crude builds are as horrible as they can be, and the worst thing is we aren’t by any stretch done with these sorts of builds,” Investing.com analyst Barani Krishnan said. “We have 65% more crude than we expected and 300% more diesel than we thought, although the gasoline build came in 25% less than expected, as a consolation.”

 

[Tom Kirkman + 8,860]

I'm shocked.  Shocked I tell you!