RE:RE:RE:RE:the real reason oil was up strongly todayyes that's fine but did you see the dropmin weekly, not monthly production?
a few more weeks of these kinds of numbers and we are talking major declines in USA produciton.
oil should be reacting to this produciton drop and I'm pretty sure outside of some sweet spots in the permian, nothing else is drilling in the bakken, or eagleford.
I read that there will no serious drilling until oil gets over 60, so we have a ways to go.
just this darn brexit has screwed everything up for now.
but it too will pass one way or another.
US jobs report was very strong so demand for oil should contineu to be strong in USA.
cheers and good weekend everyone