EIA Oil Report Analysis February 20, 2016 (Video)

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Includes: BNO, DBO, DNO, DTO, DWTI, OIL, OLEM, OLO, SCO, SZO, UCO, USL, USO, UWTI
by: EconMatters

Demand Economics are working, but Supply Economics are not working properly right now to reduce overall supply in a meaningful way. OPEC needs to get serious and start cutting production, and not freezing production at record levels of production. Shale players need to go out of business in a major way the next three months as U.S. oil production is still too damn high right now given the price dynamics in the market.