Oil Inventory Report (from the Dow Jones Survey) Comments: Oil – another big draw which if it comes to fruition would put us in YoY deficit land for the first time in ages. I’m less sure of this big draw down being achieved this time around as I was on the last two occasions. Dean […]
OPEC Watch: Saudi calls for 500,000 bopd quota hike. Just about everyone else stands against them except Kuwait and the UAE. Oil trading is trading flat in the pre market around the $77.50 level (+/-10 cents). I tried to wait them out as the decision should be any minute now but the market is set […]
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