Interesting news in the last few hours - broadcast across a lot...

Interesting news in the last few hours - broadcast across a lot of major news sites. It looks like the volume of Oil sitting in tankers / containers not getting used is dropping. Its also interesting when you look at the OPEC production cuts and number of oil refineries that had started shutting down due to corona.

I am wondering if there is going to be an oil shortage in the next 12months. Prices have started picking up already. Hopefully this helps with our finance.

https://www.forbes.com/sites/davekeating/2020/06/03/the-oil-price-collapse-is-already-over/#1fc67b707436"Data revealed yesterday shows U.S. oil prices had their largest monthly gain in history in May, recovering a large portion of the losses accrued in March and April as a result of the Coronavirus lockdowns and the price war between Saudi Arabia and Russia. For those two months, oil was sitting in tankers and refineries across the world unused, waiting for the lockdowns to end. Oil prices dropped into negative numbers for the first time. As a result, oil producers majorly slowed output. Now, with economic activity reviving as lockdowns end, the pent-up storage is ready to be deployed."