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The Bearish Expectations of the Oil Producers
Tracy: OPEC and other drillers were bearish on demand for oil. But we've seen that there's been a pretty robust demand for activities that require hydrocarbons, such as driving or getting on an airplane. Tracy: Airline use has been the laggard but is now picking up; manufacturing came back really fast. We're well over two million passengers per day this year compared to 500 K at height of everything.