They have had positions that could have completely wrecked them over the weekend while they are out, sniffing coke and banging hookers.
This made me rofl.
It seems that you were right, the recent spike in price is just a long overdue pump that, imo, is still underpump that will in the mid run bring us to 1.05 and as you say, the supply-demand issue is still there but, I don't think it will play a huge role in the next few weeks.