How is there still an oversupply after Canadian fires, falling Fracking rig counts & bankruptcies, Nigerian rebel attacks on oil infrastructure, and every other supply disruption, plus robustly higher global demand?

Please guys, I need one who understands the oil market to explain why there is still oversupply even after all these. Or did I miss something?

Submitted August 01, 2016 at 10:27AM by dbelov275 http://ift.tt/2afSvyj