Oil will remain bullish and trend higher in coming months as that's how long it will take to rebuild the destroyed parts of facility in KOS. I figure 5-6 months, its not like the items are buy off the shelf ready, I would expect much to be shipped, one assembled and gotten to ports IMHO.
Shale is getting a nice shot in the arm. that facility also did 2 billion ft per day of NG that's why its rising bullishly as well.
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