Yeahh, thats the real game. Saudi Arabia wanted its tanks empty so they sent cheap crude out. Gives them leverage when the crap start to hit the fan for real and it will. Just wait for this storage state to run out. The June contract will be fun when it unwinds.
There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes.