ddannywms

Bullish Amid Oil Majors' Lay Offs

Everybody's waiting for that chicken to cross the pipeline. Cuts have been made, rigs laid down and storage tanks at Cushing are brimming. So, which comes first, the price chicken lands on a solid floor, or the supply/demand egg sees the yearly seasonal fuel blend switchovers, refinery turnarounds and spring driving increases, the former two of which restrict supply while the latter pushes up demand. Chicken in a basket anyone?