News of Oil stored on ships (floating storage) puts more downward pressure on oil prices in the short-term.  In addition, onshore oil storage are at all times highs, Chinese demand has fallen plus the Saudi decision to keep pumping oil…

The bad news for oil keeps piling on.  Oil has fallen for three out of the last four weeks and the number of oil rigs in the US according to Baker Hughes keep falling – 10th straight week. Is there…