From the IEA: The world surplus will diminish to 200,000 barrels a day in the last six months of the year from 1.5 million in the first half, the agency said in a report on Thursday.
Great article here. I'm forecasting a good day today for us Mermaids...
http://oilprice.com/Energy/Energy-General/OPEC-Report-Suggests-Massive-Oil-Price-Rebound.html