Classic timing.....IAE has had its share of miserable timing...I believe that even without the Offer, and on the heels of Stella...plus Oil compliance that the SP today could well have test $2.
Oil rises on signs of record compliance with OPEC output deal 4 hours ago - Reuters
Oil rises on signs of widespread OPEC deal compliance By Karolin Schaps
LONDON (Reuters) - Oil prices rose about $1 on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that came into force in January.
Supply from the 11 OPEC members with production targets under the deal fell to 29.921 million barrels per day, according to the average assessments of the six secondary sources OPEC uses to monitor output, or a 92 percent compliance.