WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices

Outflows in oil won't have much of long-term influence without the ability to increase marginal supply. A close and retest of $100 as major cycle dates approach would be bullish for oil. Leverage money flows would likely flip from outflows to inflows in anticipation of this outcome.

Crude Oil (WTI) and Crude Oil Diffusion Index (DI):

US diplomat convinced by Saudi expert that reserves of world's biggest oil exporter have been overstated by nearly 40%

Source:guardian.co.uk