this weekHopefully we see an actual larger drawdown at cushing than forecast. I dont think oil is going to fall a lot further and 45 or so should be the bottom with any luck.
Oil prices stabilized on Monday, though still turned red in early European trade, as analysts said Brexit would have little impact on supply and demand in the global oil market.
Also late Friday, Baker Hughes said that the . fell last week for the first time in four weeks, easing worries the prices around $50 per barrel would cause U.S. producers to increase output.