A few years go, it took major events to impact oil prices. War breaking out in Kuwait, or Hurricane Katrina.
Now, a singular pipeline explosion in Nigeria or even a strike by Scottish oil field workers seems to affect the market and the pricing. At least according to the media. We must be very tight in terms of inventory to see any impact. Tighter than Dolly Parton's bra.
At this rate, if Charlie in the refinery forgets to shut a valve and they have a minor leak it will make news and affect the market.

