Observation21 Dec 2016 08:46
...just regarding the OPEC cuts...If they due to start on 1st Jan 2017, the market is always dubious about whether they will actually start cutting so I don't think it's fully priced in to the 55buck price we have at present...if they prove the cuts are indeed taking place I'd expect a sharp shift towards $60 pretty rapidly in the first week or two of Jan..perfect timing for an extra 5 or 10k barrel uplift from FPF1