Iranian oil sources reported by Reuters

  • production being raised by increased export growth
  • will raise exports by at least 6 super tankers to Europe and Asia in Feb
  • will start selling new heavy grade in March-April
  • Russia's Lukoil trading arm Litasco set to become first in Europe to import Iranian oil for its Romanian refinery.

Meanwhile the latest Reuters poll shows that forecasters see an average 2016 Brent crude price of $42.50 and US crude at $41.00

Wet finger in the air time again and oh so sticky.

Currently Brent at $34.29 and WTI $33.57