Malcolm Graham-Wood
Independent Analyst
The first up day in six traded, was for WTI followers something to cheer about but it might all still end in tears. Inventory stats from the API tonight and the API tomorrow will need to be good to keep a very modest rally going. That means that stocks will have to fall at Cushing and overall and even then not deemed to be an end of tax year break. As for Brent it was less positive but more nervous as it headed toward expiry and today will show whether there is any support for the February contract. As for natural gas which I mentioned here yesterday it lost another 10 cents and is now adrift of the emotional $2 level as the mild winter continues.
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