Global crude oil inventory may peak as soon as the end of May or the beginning of June. Because it is not easy to stop and restart the oil well, it is very expensive to shut down an oil well, and sometimes it may even permanently damage the oil well, so some oil producing areas cannot shut down the oil well for technical reasons, and crude oil will have to continue production.

As of April 17, Cushing's inventory has been occupied by 77%. According to the rate of inventory increase in the last two weeks, the storage space will be exhausted in the first week of May. Clarksons Platou, a global shipping giant, believes that offshore storage has grown to nearly 250 million barrels, with 50 million barrels of crude oil being put into storage each week. In the North Sea, ships have been used as oil pipes. There are not enough ships to make the oil flow. In the future, the origin will pay higher charter fees and the oil price will remain low.

The future WTI06 contract may face the same fate as WTI05 contract. After the negative oil price of WTI05 contract, the position of WTI06 contract was significantly reduced by nearly 120,000 shares the day before. In order to prevent the first line of contracts from being hunted again in the future, some investors reduced their positions in Asia and leave the market. In addition, there were 28,000 additional positions in the WTI07 contract, which is Brent's biggest contract at present, EFS is -5.14.

The price gap for gasoline cracking continued to rise to 16, with freight rates from the Middle East to the Far East up 0.65 to 6.48 from the day before.

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