RE:RE:RE:RE:RE:RE:RE:RE:Fundamentals are in place, US$60 M in Cash are still therePerdikaoilgas,
Excellent update concerning Libya !!
if the world had an over supply of roughly 1.5 million barrels a day as estimated by most analysts, well Libya now is producing around 200k bopd down from the 1.6mill bopd !!
Egypt just attacked ISIS units in Libya earlier this morning adding more tension to the troubled country !! All this is extremely positive for Brent !!!
i wouldn't be surprised if we see $70 Brent very very soon !!
Cheers