RE:More Bad News!theoilking wrote: https://oilprice.com/Latest-Energy-News/World-News/Libya-Doubles-Oil-Production-Since-OPECs-Algeria-Meeting.html
People talk about the possibility of certain countries ramping up production and others already increasing and this could happen and that happens and so on. A supply disruption can happen suddenly, unlike an increase in production which takes time. The bears fail to mention that. We can see increases coming. Libya may have doubled production but that's still just news. The facts and fundamentals show inventories continuing to decline. That is what will matter mid-term and long-term. The rest is just noise. For anybody not daytrading, focus on the fundamentals (the big picture) and you will be fine, whether it's bearish or bullish. Right now, the fundamentals are bullish. The glut is over and fundamentals will prevail. Ignore the noise which causes short term fluctuations.