The market knows full well about demand cycles of motor gasoline...

The market knows full well about demand cycles of motor gasoline (US driving season) and distillates (higher in winter for heating). This is not a reason for the price to appreciate 40%. The reason the price has appreciated is because the shorts aborted their attack based on rumours and speculation OPEC is going to influence the market. The supply/demand curve is relatively unchanged from predictions a few months ago when prices were just above $25 a barrel.

Crude stocks have continued to climb since then and Cushing stocks are at an all time high. There has been no major supply disruption in the middle east either. That is why I am saying that this rally is in my opinion going to be short lived because it is based on short term speculative events. Proof of this is the forward curve which like I said before has gone from $8-$10 to less than $4. The market is playing cat and mouse with OPEC - lets see who blinks first.