Yah, I see that. I figured those Sheik's couldn't stand to be losing money, so hopefully the workers were heard and their wages were addressed/improved. Oil field work is very hard, especially when working on off-shore platforms.
Yes, oil sank initially as a result of this new event and that inventories were slightly higher than expected. HOWEVER, it appears the overall fundamentals of supply and demand are starting to override this day to day shit. It will be interesting to see the weekly IEA numbers on US rigs and production.
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