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By EconMatters

Today`s Baker Hughes Rig Count data spells real trouble for U.S. Oil Production for the remainder of 2016. At this pace, we are going to start having massive declines in U.S. Domestic Oil Production.

https://www.youtube.com/watch?v=S8jJ6awLiUI

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By EconMatters

The Oil Market focuses on some rather silly stuff at times, and the Production Freeze notion, is one such misdirection play. I would rather Bloomberg provide some market insight given their vast resources by reporting on how much Oil Iran is actually able to bring to market versus the rhetoric.

https://www.youtube.com/watch?v=duCY0pRlW74

By EconMatters

When you are already pumping as much oil as you possibly can - by default - you are forced to freeze production, or agreeing to a production freeze.

https://www.youtube.com/watch?v=S84GJJO8DcU

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By EconMatters

The typical buy the rumor sell the news trading day in the oil market. The RBOB and HO product contracts along with Brent contract expire tomorrow, watch for spikes at the close. This Friday is loaded with economic reports including the Employment Report and the Baker Hughes Rig Report where we saw a drop of 15 last week.

https://www.youtube.com/watch?v=6bE7-Idsspw

By EconMatters

Strong API Report for this time of year, and Equities about to break out means short covering ahead for oil bears. Remember this is quarter end window dressing week as well! Expect some short covering in Oil ahead of the EIA Report on Wednesday.

https://www.youtube.com/watch?v=PwGAN5n8qVo

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