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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: TobagoJack who wrote (140460)4/5/2018 11:16:30 PM
From: Cogito Ergo Sum  Read Replies (1) of 217943
 
Interesting from your Bloomberg link

A surge in U.S. crude exports has helped drain inventories and prop up oil prices, which are still recovering from the biggest crash in a generation after a global glut wreaked havoc on the market. OPEC producers and allies including Russia are curbing output to shrink the oversupply, while surging output in shale fields from Texas to North Dakota threaten to undermine those cuts.

The differential between WTI and Western Canadian select shrunk appreciably.. as shown in Canuck energy plays today.. .. Permanent ? who knows Canada still needs export pipes.. but now we have even more reason..
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