SMCJB 

Because back in the days, when trading floors were dominated by big cathode ray tube televisions hanging from the ceilings in huge metal brackets, Reuters was pretty much the only game in town. As far back as the 1990's Reuter's had an electronic FX dealing system. Old legacies die hard.

Well, I know little about what it was in 1990's. I'm "grown up" on technology and while BBG was already a king

ron99 

Good thing I took my penny profit because now I would be losing 10 cents each.

Crude may also easily crash either on Thursday or on Friday. Brent front options expire tomorrow and IEA report is coming out in Thursday early morning (and which is usually taken very seriously).

FT: Crude slide bolsters Trafigura’s profits and trading margins

Profits at the group rose almost 40 per cent in the six months to 31 March, reaching $654m, while margins hit 3.1 per cent, as the Switzerland-based company used its global network of traders and storage facilities to buy cheap crude and take advantage of dislocations in the oil market.

Quoting 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.8 million barrels from the previous week. At 470.6 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years.

https://ir.eia.gov/wpsr/wpsrsummary.pdf

Price spiked up after the report but currently trading below 61

Also refineries operated at 94.6%, which is higher than the past two months of reports i looked at.

Today's IEA report is bullish. But...

https://www.iea.org/oilmarketreport/omrpublic/

UPDATE 1-World oil demand jumps after price slump - IEA | Reuters

Price action-wise it still looks bullish. As long as price stays above the 60.48 area (I'm just looking at a 30 min chart)
To me, this is exactly the type of stop running pullback you should see to get the larger players long and the smaller out.

Crude imports continue to be at 10+ year lows while crude runs are at 10+ year highs, hence the continued draw in stocks.

SMCJB 

Crude imports continue to be at 10+ year lows while crude runs are at 10+ year highs, hence the continued draw in stocks.

Yep

While over in the NG market EIA just reported that we put a record amount of gas into storage for the second week in a row!

Yes, that's right. Imports down, inputs up, draw in stocks. The question is what happens when demand dries up (e.g. seasonally). Or if crude/gas prices get much higher. If production continue to be at current levels or higher, Cush will be running out of capacity at some point in the future. I think that is where fun starts.