singapore and speak with wayne gordon, executive director for commodities at ubs wealth management.at to see you. we ended the week with rain in oil. is this the relief we should be getting now that we see production levels in north america -- [indiscernible] wayne: at ubs, our conviction of oil prices starting to gravitate higher in 2016 is getting better. we still hold our forecast of about $72 a barrel. production is clearly starting to roll over in the u.s. a little bit. on the demand side, it's a little bit weak, but generally speaking, particularly for gasoline, demand is holding up. we just got those figures out of the u.s., gdp figures. it seems like consumer spending, business investment, and construction gained in the second quarter, and it seems they are looking beyond the recent turmoil in financial markets. as the decline in energy prices been a big support of that? wayne: absolutely. the one thing that does feedthrough very quickly in the u.s. economy is a lowell -- lower gasoline price. it did take longer than we expected for the impact of gasoline prices to start to