Oil just reaching up to tag old support level, just there now in the June contract, which is expiring anyway, but finding alot of resistance, and about 1US off the July. If punches through, then all good, else can see it freefalling.
US crude stock levels are a fair bit above normal, and increasing rapidly. Diesel stocks quite high as well and Gasoline a bit. If Oil falls, could take XJO down with it as it did early this week.
