RE:RE:Oil futures market is showing us some love...Kelvin
The Oil market is unbelievably dynamic at this point with so many factors influencing supply and demand I think anyone would be naive to think that they can narrow it down to a couple of things...not to mention, what is real in this day and age...Honestly?
Crude gettting shipped around internationally by Shadow ships from other countries turning off their tracking beacons?
In my opinion, Saudi Arabia's willingness to tinker with the supply side ( making cuts) offers much of the strength we are seeing in the crude markets...
Demand continues to be strong around the world, even in China as they grapple with a significant Real Estate crisis...Oil demand seems to be steady from the articles I've read.
We've seen a lot of volatility as of late, and until we get a sense of direction, commital of investors to higher Oil prices will lag...