World oil deficit can only worsen
I believe Brent’s 6% plunge last night to close below 70 for the first time since May is an ideal opportunity to accumulate high beta shale drillers and oil services shares that were gutted by 20 to 25% in the brutal correction since the past month. The world oil market is tight and has a deficit of 2.4 MBD. So it made perfect political sense for OPEC […]