Open successful cuts, uprise in demand, and the big Biden "NO" To IRAN! and one of the biggest oil countries will stock with no sales- This what big funds were waiting for to go full-in!
We were waiting to 57.5$ to be closer to the end of the long-empty war in oil majors lead by Russia and Saudis, we don't know if anybody learned their lessons, maybe Putin learns that in the oil industry OPEC is stronger so he joined to make OPEC+ and this is a power never seen before in the oil market! equivalent only to the power who stood against Germany in WW2.
Now we feel the rise in the Chinees demand for oil and for the back in the power of the U.S. with the vaccination, this week that will end with 50M people vaccinated only in the U.S.
Now if we take only the average of the last report we have to see some decline again in U.S crude but we can see much more decline than 0.6MB and think it will be approx 3MB.
