Seems to be alot of news out there that would support a view that it has...
Libya last export port shutdown
http://uk.reuters.com/article/2015/02/08/idUKL5N0VI04B20150208
Oil Rig count dropping off a cliff
http://www.reuters.com/article/2015/02/06/us-energy-oil-rigs-idUSKBN0LA26E20150206
Granted that inventory levels will continue to increase for the next few months, however this is a known quantity.
Thoughts?
