RE:Oil 3 draws in a row previoulsy. It would be nice to have a fourth to confirm North American demand is continuing even with US recession fears creeping into market sell-offs.
It seems the Chinese are pushing the global price down on their lower economic forecasts even with not only no sign of peace in the middle east but escalating tensions. If Iran comes out from behind its proxies to attack directly in the open I'm not sure a blind eye can be turned on its oil production any longer but you never know.
Has Venezuela put its future production capacity at risk with yet another skeptical election win?
One thing is for sure...there is never a dull moment with oil.
GLTY and all
andy604 wrote: Traffic o land/sea/air/ is still very heavy daily, oil is still a anti-inflationary commodity to me, i am predicting a draw come Tues/Wed , any thoughts ?