Comments from Iran’s Oil Minister Bijan Zanganeh yesterday pushed oil prices higher as he suggested that OPEC might agree to deeper production cuts, but the rally did not last, with prices sagging early morning as bearish sentiment hit back. But by late morning, prices were once again ticking upward on hopes that the US-China trade deal is progressing and with traders largely expect that the API will report later this afternoon a draw in refined oil products. Both Brent and WTI were up at the time of writing. The way prices have been moving during the last few days, chances are we will continue to see a continuation of their erratic behavior, although within a moderate range as expectations of a trade deal clash with oversupply worries and OPEC’s 2019 edition of the World Oil Outlook, which served to worry traders in the early morning hours which brought more […]