Seems there is a renewed push to negotiate supply constraints. Possibly IRAN just looking for OPEC to pay for their limiting production. Always back self interest !
The big Q for SSN though is debt serviceability or re-negotiation.
Oil futures hit another settlement high for the year
Published: Apr 20, 2016 2:40 p.m. ET
MARKETS/COMMODITIES REPORTER
Oil futures rallied Wednesday, with West Texas Intermediate crude prices marking their highest settlement of the year. Prices got a boost after U.S. government data showed a sixth-weekly decline in domestic oil production. On its expiration day, May WTI crude CLK6, +4.04% rose $1.55, or 3.8%, to settle at $42.63 a barrel on the New York Mercantile Exchange. June WTI crude CLM6, +3.89% which is now the front-month contract, added $1.71, or 4%, to $44.18 a barrel.
SSN Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
