Bullish signals include:
>Steady demand
>Global inventory declines of 72m since January
>Capex slashed year over year since 2015
>Potential for output cuts to come
>Instability in the middle east
>Rising marginal cost of production.
>Steady demand
>Global inventory declines of 72m since January
>Capex slashed year over year since 2015
>Potential for output cuts to come
>Instability in the middle east
>Rising marginal cost of production.
