Yep great short covering rally, remember its end of month & a Friday.
The number of rigs in action in US shale is also showing signs of sharp decline which is a positive, however its difficult to know how many would have been producing vs. exploration drill rigs.
Someone was calling for a break of $51 I assume for Brent, well we have now seen that.
It needs to be held for 24 hours to be consolidated...
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