RE:Anybody Know What is Behind Thiscrude oil was up at $51.48 and Brent over $56. Sentiment that oil rebound. BP CEO said on CNBC that rig contracts count is falling like a rock, capex cut everywhere, oil went really low. Markets always anticipate. We could finally get back to $70+ by summer as BMO analysts suggest. And maybe a worldwide overreaction could lead to a shortage of oil next year...
A3 drill bit could be part of it too...
Or naka got back in...