Bank of America Merrill Lynch on the oil deal
Possible extension has been priced in
Renewal of 3 months rather than 6 is among proposals being discussed
A return to the market share battle when agreement is over is not fully excluded at this stage
This could have negative impact on prices
BOAML with their thoughts on the oil deal. The comments and headlines on a possible extension will really start ramping up in May.
We're pretty much back up within striking distance of the highs in oil seen when the deal came to fruition.
