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Re: zsvq1p post# 551

Friday, 08/12/2016 9:58:40 AM

Friday, August 12, 2016 9:58:40 AM

Post# of 773
Hi zsvq1p

If I was an oil producer I would not complete a well till I sold the oil in the futures market. That is why production stayed high for so long as prices dropped. The oil was sold already. Production dropped only after the future contracts ran out. On the recent pop maybe more contracts were put on so production will take place to fulfill them.

Toofuzzy

Take the road less traveled. It will make all the difference.