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Crude oil prices reversed its previous day's gains, falling by 0.22 per cent on Thursday at the domestic markets after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world's biggest crude oil consuming nation. US crude oil stockpiles rose 2.6 million barrels to 384 million barrels last week, the EIA said.

CHICAGO, April 28, 2020 /PRNewswire/ -- Post COVID-19, the report "COVID-19 Impact on Battery Energy Storage Market by Application (Residential, Nonresidential, and Utilities) and Region - Global Forecast to 2021", size is projected to grow from USD 5.7 billion in 2020 to USD 7.3 billion by 2021 during the forecast period. The major factors driving the battery energy storage industry include the growing need for continuous power from critical infrastructure sectors and the rising need to integrate renewable energy sources and rural electrification. Request of PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123828640 The utilities application segment is projected to account for the largest share in the Battery Energy Storage Market during the forecast period The utilities segment is expected to account for the largest share in the global battery energy storage industry during the forecast period. According to the US EIA and NREL, utility-owned battery energy storage systems play a crucial role in the operations of current and future energy generation mix of a country. In addition to the system flexibility they provide, battery energy storage systems also offer reliable interconnections in neighboring power systems. The utility-owned segment is mainly being driven by increasing financial incentives and regulatory supports from the governments globally. The current utility-owned energy storage systems are affected primarily by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are delayed, and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak.

Correction should continue in a sideways-to-down mode for several weeks even with good Greek news and a peak in oil prices. New buying risky unless expertly timed.

This is the technical correction I have expected, it needed something to trigger it - oil and economic recovery jitters. Buying opportunity shaping up.