While it may not feel like it, crude is in the early phases of a new oil "super cycle." In fact, in the early stages of a super cycle it never feels like it but that is because we are laying the groundwork for supply tightness in the future.
China's appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, analysts and traders say.
The Federal Reserve in their FOMC minutes seemed to suggest that they were closer to a rate hike than some had thought. ...Yet with weak data in Europe and weak inflation data it seems that Europe won’t be in any position to raise rates.