Analysts at TD Securities suggest that with the risk markets appearing to calm, oil market fundamentals have begun to return to the forefront.
Key Quotes
“Surprise product inventory draws, rig declines, sanctions on Venezuela and a large decline in OPEC production have placed a bid in crude markets. As such traders will be watching the weekly inventory data intently this week. The key points to watch will be inventory levels, and imports, specifically from Saudi and Venezuela.”
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