RE:Oil edges up as Opec+close to delaying supply increase:The EIA Report today at 11:00 am will tell a lot.
If it is a big draw then we should recover a few bucks. If OPEC says relax maybe we can get back near 77.00 Brent and 73.50 on WTI -- Which is ok given differentials and the CAD still.
If SAUDI could actually get IRAQ and Kazakhstan to comply we would be well over 80 bucks.
IRAQ is a LOOSE GOOSE unfortunately.