$US70/bbl, is looking increasingly achievable based solely on the shipping test, but when you overlay Middle East political heat there's every reason to feel confident about $US80/bbl - and more. The evidence from multiple sources is becoming more convincing by the day that oil is poised for a continuation of its re-rating with $80/bbl on the way.
paywalled
http://www.energynewsbulletin.net/energynewsbulletin/news/1265320/slug-goes-broke
SP, page-2
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