French investment bank SG has described as “bullish” the latest US oil statistics for the week ended November 28. In a commentary made before the December 4 OPEC meeting, it said that US imports remained low at 9.13 million barrels/day — implying that higher Asian crude requirements are outweighing weaker OPEC compliance — while crude…
MARKETS: SG says oil is getting “bullish support from still-low crude imports” into the US
Posted on December 5, 2003 by EnergyAsia