Comments from the IEA's Birol
- US shale is very responsive to rising oil prices
- Expansion of pipeline capacity will unleash more shale
- Europe must use LNG to diversify its gas supplies
OPEC's monthly oil report will be out in an hour. At the moment, WTI is near the best levels of the day, up 71-cents to $52.98. Brent is at $62.21.
