The price of oil on the international markets has traded up slightly of late, defying the runes of over supply and glut that have been constant this past year.
However analysts still firmly believe that oversupply will be the dominant trend in oil markets this year.
Brent Crude is currently trading at $63 as we go to press.
Watching this metric is always an insight into what is going on in the world at large.
With an "armada" sailing to the Middle East its anyone's guess where the oil price will go...
