Excerpt from: https:...

Excerpt from: https: //finance.yahoo.com/news/oil-prices-fall-slowing-global-003517164.html

"The U.S. Energy Information Administration is due to release its monthly petroleum supply report on Wednesday. [EIA/S]
"We expect there to be laser-focus on U.S. production figures ... Signs that U.S. production rolled (fell) could provide a boost to both WTI and Brent flat prices," Morgan Stanley said.
Jefferies bank said that oversupply in oil markets had halved since the second quarter to around 1 million barrels per day, and that the falling prices since June 2014 were impacting production.
"The price signal is working. U.S. production is past its inflection and declines are accelerating ... (and) non-OPEC supply outside the U.S. is also beginning to show the effects of lower investment that arises from lower oil prices," Jefferies said."

When supply and demand balance again sometime in the coming months...it is off to the races IMHO!

c