RE: Oil is Up :-)21 Jul 2020 11:05
Personally I felt the news flow last week was going to it. The news from OPEC+ felt really considered (we tweaking things but we not going to flood the market under any circumstances) and there was a big draw. WTI snubbed the incentive to rise . I think a draw this week will really push things. We need 2 significant draws two weeks on the trot. API is front line news not rhetoric - if you choose to believe it's not got the Whitehouse pulling the strings behind it.