USD 100/b in sight but oil product demand may start to hurt

Some crude oil grades have already traded above USD 100/b.

Tapis last week at USD 101. 3/b.

Dated Brent is trading at USD 95.

1/b.

No more than some market noise is needed to drive it above USD 100/b.

But a perceived and implied oil market deficit of 1.

5 to 2.

5 m b/d may be closer to.