BOSTON (Reuters) – Oil pared gains on Wednesday, retreating slightly from a more than two-year high after U.S. crude stockpiles fell less than an industry group suggested on Tuesday. Still, U.S. crude prices remained elevated near a $58 two-year high after sources said the Keystone pipeline will cut deliveries by 85 percent or more through the end of November..
Continued stability is always good. The bigger question is will we ever see $100 again?
Would agree that stability is great, would love to see $100 again. Everything is cyclical, so I wouldn’t say $100 is impossible, but will be a long road to get there.