Jacko,
Who is buying crude at these prices? Especially with inventory levels as high as those reported last Wednesday?
There is more going on here that is completely hidden - probably a dark pool of financial transactions that have monetized crude that has no bearing whatsoever on the spot price.
I read an SA article this am that gives an entirely different twist to pricing.
I had "expected" crude to bounce off the Jan high - but it continues to climb.
It all comes down to one simple conclusion that works in all markets - follow the money. Just follow the chart - resign yourself from any attempt to try to trade the funny mentals!

Best!