Hammering home the point that oil is no burden for Scotland: US supplies fall as world-wide demand begins to soar.

Source::
John Robertson
Hammering home the point that oil is no burden for Scotland: US supplies fall as world-wide demand begins to soar.

From TD Securities in Toronto: ‘The market was looking for a build and we got a nice little decline here,” Bart Melek, head of global commodity strategy at TD Securities in Toronto, said by telephone. Investors are looking at the EIA data and “hearing what OPEC is saying and the conclusion inevitably is going to have to be that it’s very likely that the U.S. inventory numbers are going to continue to slide.’ As the OPEC reductions hold, as Turkey…

Read the full article::
John Robertson
Hammering home the point that oil is no burden for Scotland: US supplies fall as world-wide demand begins to soar.