I wouldn't get to comfy just yet oil bulls
Ive traded intraday brent crude- made some loss some. It's so volatile
The downside movement in brent has resumed again, looking ominous to reverse that ridiculous jump friday.
Iran and Iraq ramping up production, Japan figures today showed a slowing demand for crude which is a bad sign
The only thing keeping this up is Draghi, acold snap in the east coast of the US and short covering
Fundamentally oil is cooked atleast until the 2nd half of this year
WPL still have major margin problems until $45+ IMO
WPL now a short IMO, page-11
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