Oil Suddenly Dives As Oil Tanker Tracking Company Throws Cold Water On Bulls

Just one day after Brent triumphantly breached $50 for the first time in six weeks, buoyed by bullish supply data in the US and talk of Saudis curbing exports, the bottom is falling out again for oil early this morning. Just a few minutes ago, Brent and WTI dropped sharply on heavy one-minute volume and here's why: Petro-Logistics: OPEC supply in July expected to exceed 33 million barrels a day, highest since December 2016 Who is Petro-Logistics, you ask? Well, they're an oil tanker trac