Robert Mabro
Robert Mabro
market oil reason
There is no reason to do anything other than a rollover. The market is functioning and oil is plentiful.
closed demand eight fall hurricane looks market oil prices products quite situation supplies tight
You have an oil market that is quite tight in the products side, particularly in the U.S.. Then you have a hurricane which closed eight refineries. The market looks at the situation and realizes supplies are even tighter. Prices will only fall if demand declines.