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Prices are likely to remain weak until there is any noticeable reduction in oil stocks.  Source: reuters.com by Scott DiSavino
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“OPEC is settling in for the long haul, I think we’ll remain between $50 and $60 a barrel for the time being,’’ says OPEC analyst.  Source: Bloomberg.com by Javier Blas and Jack Farchy
"Stockpile reductions will accelerate in the third quarter..."  Source: Bloomberg.com by Wael Mahdi, Grant Smith, and Javier Blas
It’s fascinating that now no one seems to see global oil inventories drawing down.  Source: marketwatch.com by Myra P. Saefong; Image: AFP/Getty Images
Hopes buoyed by reports that Saudi Arabia is garnering support among major producers for a potential nine-month extension of production cuts.  Source: marketwatch.com by Myra P. Saefong; Image: AFP/Getty Images
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