Posted inExploration & Production

Oil rises on supply and storage tightness, upside for prices persists

Oil prices returned to gains on Friday as profit taking gave turn to the reality of supply and storage market concerns

Yesterday may have been a day of  profit taking by the most impatient market participants but in tight market conditions that doesn’t last and supply tightness – in conjunction with falling storage levels – helped prices rise again. The upside risk to oil prices is real in the very near-term as there is little incentive […]