Maybe now good time for HOU?Sorry not HNU - gas discussion seems to have moved to HND
Mezz, Mayor
Depite the weekly weirdness of US oil inventory estimates and results the time may be fast approaching for an increased HOU bet.
Bullish factors
Scotland - Bookmaker odds strongly favor Scotland staying in the union. I beleive this is bullish for oil. ( Mayor seems to disagree.)
Libya - Brent crude rebounded to trade near its highest closing level in a week after Libya said it halted its Sharara oilfield after a rocket attack on the connected Zawiya refinery. Libya production was one of the major factors in oils decline,
Iraq - forget about ISIS it's beurocracy thats causing Iraq's oil production to go down
Iraq’s oil output revival at stake for want of water
Finally the shoulder season will soon be over and US heating season could be ahead of schedule.
(Nat Gas still rising in anticipation)
Cheers