North Sea Blues

There’s talk of a decline in North Sea Brent production in December.  Sources are saying that we should see a drop of about 4%.  If one wants to speculate about the re-balancing of the Commodity Index funds (DJ-UBS: Brent +0.72%, WTI =0.72%), it may not that they think that Brent is going to be that much more in demand, but perhaps supply is going to be that much lower.

Good article here from Reuters and the futures of the North Sea: