With a more constructive global macro outlook than at any time in the last year, oil is well-supported by both fundamental factors and sentiment now.

Stephen Innes

There's a solid chance we get an OPEC deal this week, when the going is cheap.

At that tipping point, the producer surplus will become a massive logistical headache for oil storage consideration, which then opens up the trap door for oil prices to plummet below cash costs.

Oil markets received a lift from the U.S. stimulus chatter, but for the most part activity remains rudderless, awash in a sea of oil.

Throttling this Asian supply channel will provide some support for oil prices.

Some shorts covered after the director gave the WHO's stamp of approval to China's aggressive containment effort, for now, the market's risk lights have shifted from flickering on red to a steady shade of amber, which could bring more risk back into play.

(The) sell-off on the ... flu scare was mollified by a timely decline in U.S. crude inventories.

Once the (Phase 1) deal is signed, investors will then press to consider ... how much more progress can be realistically expected ahead of the US elections next year.

It's expected to show robust continuous growth in the agency's short-term outlook.

Oil prices have followed the general de-risking drift into year-end despite a rise in Middle East tensions and last week's bullish-for-oil-price inventory draws as the broader markets appear to be losing some of that holiday cheer.

Oil prices will continue to benefit from the positive developments in the U.S.-China trade, with a more constructive global macro outlook than at any time in the last year, oil is well-supported by both fundamental factors and sentiment now.

Crude prices continued their stellar performance into year-end, nudged along by the more benevolent inventory data published by the EIA, product demand is up, and with a more constructive global growth outlook than at any time of this year, oil markets remain supported by the fundamental backdrop.