The dark side of the oil inventory release, according to Gregor McDonald: It's...

|By:, SA News Editor

The dark side of the oil inventory release, according to Gregor McDonald: It's counterintuitively bullish, not bearish, for prices. Yes, oil prices will be rocked for months, but an inventory release highlights the fundamental problem of structurally restrained supply. The OECD could have turned to non-OPEC producers and asked them to produce more, but they have no spare capacity.