| OPEC is currently pumping oil at record amount, while US oil production has hit highest level since 1997. On the demand side, we are seeing transport companies such as FedEX issuing slow down warnings. This slowing down of demand is in-line with the global concerns over Europe and China.
With supply going up and demand coming down, Crude bulls will be getting more worried each day even before US flood the supply from its Strategic Petroleum Reserve...............................................Full Article: Source
|