It seems that the oil market is not being ruled by bulls or bears, but is being sheepish instead. The current market situation only emphasizes the power of OPEC+ on the global market. Related: Libyan Oil Industry Stable Despite ISIS ReturnWhen looking at crude oil markets, the situation on the ground is a clearly pro-OPEC. US shale oil should not be considered a savior or swing producer, as it cannot fill the gaps in the current market. Observers should be wary of the current bearish narrative in the global oil market.

Source: Libya Today May 26, 2019 21:00 UTC