6.6MB drop in oil in the past week, oil keep climbing as we told you in several posts ago but for how much longer and what is happening with opec+ read here, also what was bad in the report?
The EIA report was generally good 6.6 drop-in stockpile but! " Total motor gasoline inventories increased by 4.3 million barrels last week" so there are also signs that people didn't use so much oil! now for another bad news Iraq, one of the biggest counties in OPEC already told us we were point to point with the cut but next month we want to ease the curbs.
Other signs come from Qatar as for Qatar petroleum expand the trade, of course, they tell to balance the gas prices and etc but we see signs Opec will soon stop to there giant curbs - not entirely but they will ease it!
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