It’s close to midnight and something's buying oil in the dark. Under the moonlight, you see a pop that almost Stops Your Stop. You Try to Scream, but the computer takes the trade before you change It. You Start to scream, as oil rallies hard right before your eyes, You're Paralyzed!
Winter worries may start early as supply of distillate and natural gas are the tightest they have been in years with winter ahead. While in recent years Mother Nature has bailed out these markets with warmer than normal winters, this year even a normal winter could drive prices higher.
The bullish fundamentals on oil are becoming more apparent as both Saudi Arabia and Russian are signaling that they are committed to reducing the global oil supply glut and that they are signaling an extension of the current production cut agreement to the end of the year.