- Oil prices are excellent, fine
- Re-affirms Saudi capacity for 12.5 bn bpd
- Supplies are enough and inventories are excellent
The kingdom always tries to meet a shortage for any reason. We did it in the past, we will do it in the future because we have capacity,”
He said before jumping in his car powered by the used oil of a thousand falafel fryers.
Brent still edging down towards the pre-Syria levels around $105. Currently at $107.90.
We’re heading back towards the lower channel line and have broken the 200 dma. The 100 dma is at $106.81 and that held back at the beginning of August.
Brent daily chart 24 September 2013
