Comment from Magellan Midstream Partners
No one is exactly sure when we reach the storage limit but I suspect we're not too far away. When it's hit, crude is going to be put on the market at any price.
In the short term, a bit of a head and shoulders top is forming on the WTI chart.
Magellan is an oil MMLP with a market cap of $14B based out of Denver, CO.
