Shrinking U.S. Oil Stocks Point to Market Rebalancing

This obsession with a balanced market flies in the face of everything we think we know about market economics. A balanced market is a dead market – even in a longterm market environment and shale made oil a much more volatile affair. Imagine the oil market would remain at USD 30 for 5 years? That would be perfectly balanced – I doubt that producers would be happy with this though. Stop trying to herd cats and be better competition.

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