Tuesday, 22 March 2016

Oil: Dreaded 'stealth' supply becomes reality as U.S. drillers turn on 'ducks'

WTI new front month May $41.38 down 14 cents.
Brent $41.58 up four cents.

From Reuters:

A dreaded scenario for U.S. oil bulls might just be becoming a reality.

Some U.S. shale oil producers, including Oasis Petroleum (OAS.N) and Pioneer Natural Resources Co (PXD.N),
are activating drilled but uncompleted wells (DUCs) in a reversal in
strategy that threatens to bring more crude to a

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