Crude prices firmed on Thursday after the International Energy Agency (IEA) said non-OPEC production would fall this year by the most in a generation and help rebalance a market dogged by oversupply.
Oil continues to baffle the fundamental and technical analysts. Folks, oil has completed its 3 year cycle low. Get it through your head that it’s not going back down. The market is already starting to discount tighter supply in the years ahead.
