Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18512)	5/17/2016 2:45:42 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Crude oil: Oil prices rose this week due to the ongoing outages from Canada and Nigeria, events which Goldman Sachs says has tipped the markets from oil glut into deficit. The investment bank is typically one of the more bearish voices on oil, so its uncharacteristically bullish call on May 16 caught the markets by surprise. Canada still has more than 1 mb/d of supply offline because of the forest fires, although some companies are trying to restart operations. More importantly, attacks in the Niger Delta have not let up, which have forced ever more output from Nigeria offline. "The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman Sachs said on Monday. WTI and Brent traded up near $48 per barrel.