Oil prices were flat amid light trading at the end of the week after strong gains on Thursday. The EIA reported some mixed figures – more strong oil production gains from the U.S., but also a sizable drawdown in crude inventories. The approaching holidays has the market subdued. Saudi oil minister: Market will rebalance in 2H2018 . Saudi oil minister Khalid al-Falih told Reuters that the inventory surplus will be eliminated in the second half of 2018, and the earliest date to reassess the market will be at the OPEC meeting in June. And while the IEA has forecasted strong supply growth next year from U.S. shale, al-Falih says demand will help drive the market towards rebalancing. “[T]he untold story is demand. Demand has been extremely healthy […]