WTI Crude had erased its post-API (big crude draw) gains this morning after weak China PMI overnight and so something had to be done to keep the oil-normalization dream alive. OPEC sources stepped up…
- OPEC COULD REVIVE IDEA OF DEEPER SUPPLY CUT AT NEXT MEETING IF OIL INVENTORIES STAY HIGH – TWO SOURCES FAMILIAR WITH MATTER
And the reaction was a kneejerk higher oiff the pre-API levels…
via http://ift.tt/2rnZn6A Tyler Durden