Finally Friday: Oil Looks For Weekly Gain; EM, Euro Surge; Merkel Meets America’s Useful Idiot

Finally Friday: Oil Looks For Weekly Gain; EM, Euro Surge; Merkel Meets America’s Useful Idiot

Well, it's quiet out there as an exceptionally eventful week (finally) winds down. As we head into the weekend, oil is trying to eek out a gain on the week, after a surprise inventory draw (reported first by API on Tuesday and then confirmed a day later by the weekly EIA print) shored up a market that was for all intents and purposes in free fall. Th Saudis have hinted they may extend output cuts past June if global crude inventories remain "excessive," an amusing proclamation from the king
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