ASX Today, page-7730

Not sure where I saw the post referencing $35 POO, but here's a counter (fact), Saudi Arabia is cutting supply to Asia shortly. That has a knock on effect (It's a busy Place!!) and the choke on supply will be felt.  

https://www.reuters.com/article/us-global-oil-idUSKBN19303W


"We do not expect a repeat of the inventory increase this week; rather we see a further large inventory draw."


"Oil bulls have reset for a technical bounce."

However.....
"As a result, it now seems more likely than not that oil prices will fall back a little next year, even with continued growth in demand, rather than slowly rising as we had previously assumed. As such, we are lowering our end-2018 forecast for Brent from $65 per barrel to $55."

$55 will do for now.