Have Oil Markets Reached A Tipping Point?

Despite bullish conditions led by a huge drawdown in U.S.
crude, oil prices were down at the end of the week following less
than positive OPEC reports.  (Click to enlarge) (Click to
enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)
(Click to enlarge) (Click to enlarge)Oil prices were down at the
end of the week on fears of lingering oversupply. The U.S. reported
a strong drawdown in crude inventories and flat production,
although those bullish figures were outweighed slightly by an
uptick in gasoline inventories. Investors…

Despite bullish conditions led by a huge drawdown in U.S.
crude, oil prices were down at the end of the week following less
than positive OPEC reports.  (Click to enlarge) (Click to
enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)
(Click to enlarge) (Click to enlarge)Oil prices were down at the
end of the week on fears of lingering oversupply. The U.S. reported
a strong drawdown in crude inventories and flat production,
although those bullish figures were outweighed slightly by an
uptick in gasoline inventories. Investors…