Oil commentary - 14 October 2021

Morning all.?My Mum always told me "If you can't say anything nice, then don't say anything at all".?So, today I will keep things short.?Brent is trading this morning at $83.98 up 0.80 and WTi is trading up 0.69 at $81.14.?We all have morning routines; without routine or structure I would argue we would all go insane.?Mine is to usually read the headlines, energy especially (because I'm committed like that boss, in case you're reading).?Here is a snapshot of today's headlines "China's energy woes showing up in divergent commodity imports".?"Singapore marine fuel sales drop in Sept as bunker calls hit 4-year low".?"China Sept factory inflation hits highest since records started".?"OPEC trims 2021 demand forecast".?"(API) said on Wednesday U.S. crude stockpiles rose by 5.2 million barrels".?"Hmm", I say.?In that immediate blurry eyed vision when you first wake, when your brain is in the sea of nothing and you still don't want to acknowledge what day it is, my first thought was "Ah, crude must be down based on all this".?Nah.?Yah, nah.?Crude was up 0.65.?Ha!?Suddenly I realise it's Thursday and my initial hope of markets reacting to negative headlines sensibly, have been dismissed like an English Test Batsman at The Gabba.?Very quickly.?This is the headline people are reacting off, apparently “A larger-than-expected drop in the U.S. gasoline and distillate inventories led to fresh buying,”.?Some of you may be thinking I only have negative filters on my news feed.?I can tell you I do not.?But I think I'll change the real news filter for the ignorance one, because everyone else seems to.?Stats later.?Bothered??Nope.?Good day.