Oil Headed Higher. $50 WTI doesn't cut it.The oil market is rebalancing: PIRA chairman Wednesday, 1 Jun 2016 | 1:34 AM ET Gary Ross, executive chairman and head of global oil at PIRA Energy Group, says non-OPEC oil supply is declining and the global surplus is going down . Rebalancing is happening faster than thought. You tell me where Oil prices are headed ? Lack of maintenance ,full out production and high debt loads. $50 WTI does not a make a healthy market. 2017 looking good for NBZ even if we are at $55-$60 WTI.