Daily Pivot Points
Major Daily Events Thursday
Light Data Day
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Good Morning, oil prices are up to flat overnight depending on your frame of reference. Iran and GCC countries agrres to continue and or increase production cuts at the meeting next month. This all makes a lot of sense after the large drop yesterday. The EIA report came out iwth a not as large as expected draw and a gasoline build. This was the icing on the cake for sellars after last weeks report that came out on the last high. In other news, thre is a lot of political uncertainty in Europe right now, US war talk has seemed to die down and Today is overall a light data day. Targets to the upside are; 51.57, 52.50, 53.69 and 54.06. To the downside; 50.57, 50.26, 49.92 and 49.70.