Coronavirus is about to kick oil's ass, it would appear.
Think about the supply when China as well as other airlines stop flying into and out of China as well as travel within the country. What happens to the supply when Chinese aren't going to work?
Look at this graph from Jan 6 until today.
Look at the companies in the supply chain of oil drillers laying off workers:
Hang on folks. The Oil ride is about to get bumpier.