Oil Through the Looking Glass 10/11/20

*Vitol CEO Sees Oil Prices Heading Towards $50 A Barrel* Russell Hardy, CEO of Vitol has announced this morning that he believes oil prices will hover around the $50 per barrel mark into the new year and over the next few months as inventories start to report draws which he sees accelerating into 2021. (Reuters) …

Morning Oil Report 10/11/20

Brent continues on its 8% gains from yesterday as we start the morning session up 0.45% at 0727GMT at $42.60 dollar per barrel. WTI futures opened up at the same level as the close, to print $40.42 this morning. The market quietened down overnight after extraordinary upward moves on crude up after the news of …