daniel hynes is the senior strategy director.iven what we've seen from much of the rebound past but is this a supply story, a feeling better about china story? >> i think the macro issues we've seen bubbling away from the background have changed sentiment. the expectation around rate cuts this year by the fed. the potential for an economic soft landing in the u.s. in particular i think is reassuring and also, as you alluded to the better than expected economic data coming out of china as well. it's just reframed the outlook for commodity markets and i think coming into this year with long positions relatively lean. i think we're starting to see "money flow" into the sector. that's probably taken that push out of that tight range we were looking at early this year but fundamentals are clearly supported as well at the moment and i expect that to be i suppose enable this rally to really sustain for a lot longer. haidi: sustain but how much does it extend? daniel: i think for the oil market, we have some relative upside limited. the