Forget OPEC, The Oil Market Is Rebalancing

We keep getting surprised, Oil Inventory reports each week for the last 6 weeks, it seems we are in a slight deficit right now, which is unusual for this time of year.

oil_refinery-3.jpg (1348×1116)

We keep getting surprised Oil Inventory reports each week for the last 6 weeks, it seems we are in a slight deficit right now, which is unusual for this time of year. We are headed to $60 a barrel regardless of OPEC nonsense.  

(Video length: 00:05:21)

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