RE:Brent could fall below WTIIT is interesting to watch the brent/WTI differential shrink. I do agree that WTI could surpass Brent. China is loading up on cheap Iranian oil and filling storage quickly. Brent demand should be reduced into the 2nd half of the year. If Lybian oil comes back on stream in the next few months, oil will continue to retreat. It seems that there id definitely bearish momemtum.
Hopefully US oil companies didn't hedge when oil was over $60 or this entire year will be rough.
Nice to see VET update their corporate presentation to reflect poorer results.
GLTA