Wednesday 17 December 2008

The scene is set ...2.2 millions barrels cut with regards from OPEC and another 600.000 thoushand from the russians, now the games will start!!
Lets wait in see who actually manage to stick to the supposed cuts and who will cheat as soon as ... it's a waiting and numbers game !
Even like that the market went down after a bearish but not so bearish E.d report today , which showed a bigger then expected build in distillates and a good increase in stocks in olkaoma!!
I am bearish and will be until the foreseen future, or until see some compliance in the cuts or some good improvement in demand numbers!

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