We discussed it here, and now we've come to this.
"With fear of supply disruptions ebbing, oil prices began sliding. With oil inventories high, refiners that turn oil into gasoline are expected to cut production. As refiners cut production, oil companies increasingly risk getting stuck with excess oil supplies. There's already anecdotal evidence of oil companies chartering tankers to store excess oil."
I'm a true consevative. I did not speculate in this commodity several months ago, as many did.