How could you possibly get a rise in prices in an environment of overproduction, even at a capacity utilization under 80% ? And they are still searching economic development... LOL

They are drowning in oil and talking about future demand 25 years from now, when oil-based energy will be long gone btw, The suits think they can move the market with those fictions. )))

The downgrade will affect their bond prices, more volatility ahead.

Or, put it another way...Yellen gives Draghi a fortunate helping hand in mantaining his QE effects in the cards. How could she possibly be wrong ? LOL

It's all about keeping expectations alive...even Draghi said it yesterday )

It seems he's saying that conversation next month will not be on tapering, but the reasons which can lead to taper and focusing on other interventions

You must also look at distillates an gasoline stock movements..in's the same liquid in different forms. Crude inventories are up 3.97M vs 2.81M estimate, BUT gasoline inventories are down -4.56M vs 1.37M estimate, which means more crude will be ...