Blanch: There’s valid concern about surplus, but no catastrophic scenario

All right. So, hike modest or not, why is that moving prices higher when just last week uh we saw oil move lower on over supply concerns. So, Frank, last week there was a a rumor going around markets that OPEC was considering um fast forwarding the return of of 1.6% million barrels a day uh over the course of the following three months.So people are looking at potentially half a million barrels a day increase uh now and this over the weekend another half a million in a month another half a million month fro ...