Volatility was high last week, so now we're seeing some retracement - $50 is proving to be a resistance level, it is still a market which is very well supplied. Olivier Jakob More Quotes by Olivier Jakob More Quotes From Olivier Jakob The ETFs are not responsible for all of it, overall there has been a global increase. Olivier Jakob energy The fighting in Libya is starting to be more and more about a battle for the oil resources and this will not end well, the DOE statistics are bearish, Libya is bullish. Olivier Jakob energy Every day now you have some Gulf OPEC member actively trying to talk the market down, oPEC is trying to choke U.S. oil producers. Olivier Jakob most-read-articles If one looks at the overall economic indicators, they are all showing a picture of China which is stagnating rather than having strong growth. Olivier Jakob energy
