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Crude Oil WTI Futures - Jun 24 (CLM4)

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83.81
+0.24(+0.29%)
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Crude Oil WTI Futures Discussions

Keep calm and buy oil...China is still buying like crazy.
 good article but I would interpret it that China will be supplied well into the July therefore will have no need to purchase new oil for a while: "It is impossible to discharge all these cargoes until July," the port source said.
limiting is according to your article port unloading capacity rather than a storage capacity
 this is quite interesting to influance future ability to stock crued in china: In addition, China is set to expand its commercial crude storage capacity by at least 15.11 million cu m, or 95.04 million barrels, by the end of 2020, Platts reported on June 10. Among these new tanks, 74.85 million barrels of capacity is expected to come on stream in the second-half of the year.
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