OPEC decision is to keep squeezing till $90 Oil here..Everyone is questioning OPEC latest cut well here's the answer, OPEC would rather deal with a market asking for extra production to be added than a market that's selling off Oil for fear of the FED. One look at API current history shows me that its readings are in the draw more often than surplus and OPEC cuts are outpacing any decline in demand as the US continues to have a stealth economy so with the prior cuts in Apr by the time they filter through that the additional cuts in July will squeeze the market hitting everyone by surprise. Let's get past the FED Decision on the 14th then I suspect July will see Oil heading towards $85+ I'm very bullish...
US API Crude Oil Stock 