Brent oil finally succumbed to the reality of a flooded market last night and fell 1.6% to $50.68. Henry Hub data is still all over the place:
There wasn’t much oil news on the night. Russia is rumoured to have rejected cutting production. Nigerian production is booming again, from Platts:
Nigeria’s oil production has risen to 1.9 million b/d, the oil ministry said Tuesday, even as the government has begun moves for all-inclusive talks with Niger Delta leaders to end militancy in the region and bolster oil production.