Tighter Fundamentals to Take Oil Back to Yr High – Analyst

Tighter market fundamentals in the coming weeks has the potential to add around $4 a barrel to oil prices and send crude back to 2006 highs, analysts at PetroMatrix said in a research report Monday.

The Swiss-based company added that most surveys and analysts continue to be blinded by the U.S. crude inventory situation and continue to refer to the highest stocks levels since 1999.
Schlumberger