The global auto crash, Germany & China particularly, are starting to impact oil demand. If the automakers are suffering & stockpiling that means consumers as well as business is buying less.
US heavy truck sales are very hard hit. Don't forget the US farm sector didn't plant I don't know how many million hectares this year because of, no joking, floods and water shortages as well as trade and other things.
There is a convergence of bad events just when nations can handle it least.
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