Most of us had known days ago that the U.S. would loan oil but some people interpreted the headline as a release of oil, possibly of products. Then the market realized and started buying it back.
Most of us had known days ago that the U.S. would loan oil, but some people interpreted the headline as a release of oil, possibly of products. Then the market realized and started buying it back,
The IEA release has thrown some water on prices. But what remains to be seen is how strong the fundamentals are and whether there will be any more hurricanes.