Opec signaled at there meeting before the meeting today LOL late June Opec meeting, but they look like no change in cuts for oil, even with summer travel season in the northern hemisphere and tensions in Middle East.
They want no more possibilities of what happened last winter under $50 is not palatable to a country when that is their number 1 and in some cases only means of export and bringing the money needed for their citizens to live in the 21st century world. oil inventories need lowering further so that a glut come winter time never happens again.
Oil should be solid 64 tomorrow, we are headed to mid 70's to live for 3-6 months that is a given and we can watch that debt melt away to sustainable levels this year as capex for the next 12 months has been cut to the bone.
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