Likely road ahead: a) Brent tumbles to low 50ies. b) OPEC+ steps in with cuts

Brent fell 2% yesterday to $62.

49/b and is trading slightly lower this morning at $62. 4/b.

It is being pushed  towards the 60-line by the booming amount of oil at sea.

Oil at sea has increased by 2.

5 million barrels every day since mid August and it keeps on moving higher.

Last week it increased by 2.

0.