The Dangers Of A Bullish Oil Market

The U.S. rig count rose on Friday and Tuesday’s IEA report hit the oil market hard, causing bulls to pocket some profit after the recent oil price rally, but geopolitical conflict in the Middle East has kept Brent prices above $60 per barrel. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- U.S. distillate exports have surged in 2017, even as production has remained relatively flat. - Refinery shut downs in Central and South America, combined with high refinery runs in the U.S., plus the sharp difference…
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