The (https://www.marketwatch.com/story/a-flood-of-oil-is-set-to-hit-energy-markets-heres-how-much-crude-may-be-unleashed-5b3484f0?mod=mw_rss_topstories) just unlocked millions of barrels for the next 60 days, and the market's already repricing: crude dropped hard intraday while the refiner complex sits flat-to-down. The trade that worked when margins were 8%+ (my PBF conviction was 6/10 back in April) doesn't work when crude input costs collapse toward normalized spreads.

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