I've been watching crude for the last week due to it being near peak crude consumption season for winter. There have been a handful of reports (EIA, OPEC, etc) that are generally bearish. Supplies are high, which should send the front month futures down as manufacturers begin offloading their glut of supplies into later delivery months (summer in particular). However, this isn't happening. /CL has been on a rally for basically the last 2-3 days. This doesn't make sense to me. What am I missing? Does supply and demand not work as expected in /CL?