Russia's Novak says global oil inventories are shrinking
Russian oil minister Novak back on the wires 13 Feb
- shrinking despite rising US production
- not expecting growth of US shale output to hinder market balance
- ave oil price for 2018 seen closer to $60 bbl
Oil prices a little steadier this session after yesterday's retreat.
WTI $58.91 finding a bit of support around $58.80. Brent $62.42 with support holding around $62.20 so far