Market Currents: Five things to consider in oil markets today

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May 20, 201610 yr

One hundred and forty-three years after Levi Strauss began marketing blue jeans with copper rivets, and the oil market is trying to make strides higher once again. But keeps changing its mind. Here are five things to consider on this final trading day of the week:

1) While Nigeria’s Qua Iboe crude grade remains under force majeure, Exxon has confirmed its production is still ongoing at its oil terminal. We discussed earlier in the week how we’ve been seeing Nigerian loadings holding up, despite estimates that production has dropped precipitously due to outages and sabotage.

http://fuelfix.com/blog/2016/05/20/market-currents-five-things-to-consider-in-oil-markets-today-4/

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