Ole Hansen, head of commodity strategy at Saxo Bank, reflects on an oil market that continues to be mixed.

The EIA survey suggests a rise in inventories of more than 3 million barrels and Hansen sees a
limited upside in the price of oil.

However, if Opec makes a surprise announcement at the coming meeting in Algiers we could see oil hit $50/b, says Hansen. He suggests to look for new short entry levels.