Bruce Evers
Bruce Evers
bubble continues control cut fears further iranian last lost market near oil pay production situation underneath unlikely whatever
It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.
builds huge mild stocks weather
The weather is very mild in the US so the builds in stocks are not a huge surprise.
issues mind plenty
There's plenty of geopolitical issues to concentrate the mind.
against backdrop continues demand rise stagnant
Demand continues to rise against a backdrop of stagnant supply. It's going to be a very interesting summer.