More from the article...

... While they don't see the prospect of a crash, top traders including Vitol and Gunvor said prices could grind lower as supply starts to outstrip demand. The OPEC+ group of producers has begun releasing additional barrels into the market, the US will continue to add production -- albeit more slowly than in recent years -- and South America is also growing.

"The industry is over-drilling now, that is clear," Gunvor Group Chairman Torbjrn Trnqvist said in an interview at CERAWeek by S&P Global in Houston. "We are drilling more inside and outside OPEC than demand growth warrants." ...

A question:

How will Pres Trump's "drill, baby, drill" mantra work in this apparent oversupply situation?