Putin having his time on the soap box in China

  • Wants to see a fair oil price

  • In general, is satisfied with current oil price (make your mind up sunshine)

Meanwhile, the Saudi expectation jump in oil has been all but been undone as once again, reality fails to live up to the hype. Brent is trading at 47.17 after falling back to a few ticks under 47.00, after the Saudi "announcement" pop.