Hitting the wires now

  • Discussions in Algeria should lay the groundwork for an agreement

  • An increase in demand in recent months alongside future demand strength and a drop in supply will be the grounds for prices to strengthen

There's one part of that equation I just don't get. Can you guess which part? ;-)

A "supply management" agreement sounds even less bullish than a freeze agreement, and that's not even a bullish deal.

It's been worth about 20 tick to Brent though.