i know it went a few .o1s below but looks like 10c is providing strong support. Yesterday the close was the killer and purely highlights funds playing around and taking profits along the way. I would be surprised if dropped below 10c again but one never knows?
with suadi and russian meet in Oman with talks of extending production cuts or at least building a framework to manipulate the mrkt beyond this year + still falling us inventories on what typically is build season is proving positive for oil - mrkt still worried about shale production ramp up but lets wait and c on that
in the meantime SEA responding positively to the strong futures open - guessing wti should trade above 64 today.
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