Good morning. The focus this morning is still on the oil markets: the drop across the curve (CNBC data below) and growing dispersion among contracts. An important driver is disappearing storage capacity in the context of excess supply relative to the slumping demand. (See prior post regarding the asymmetrical economic impact -- that is, producers hit and consumers unable to properly monetize the increased purchasing power -- and the spillover for capital markets. #oil #markets #investing #investors #storage #economicimpact #energy CNBC …see more