Novozymes shares sink as Second Quarter earnings for the biotech firm miss across the board. But the ceo strikes a bullish tone telling cnbc growth rates are likely to pick up. Good morning tgif lets get to breaking news the Oil Market Rebalancing is underway but it could take time before the numbers confirm this trend. Thats according to latest report from the iea. Brent and wti crude prices this morning a little bit lower to the tune of 0. 9 lets get to Neil Atkinson in paris. Are we saying the first signs of backwardation . A little bit, because the market is slowly beginning to tighten. Markets are feeling confident that prices seemed to have stabilized a after nervous period a month or so ago and markets are tightening how quickly will they tighten furth further . Thats also a key question opec production is still rising and libyan production is at a oneyear high. Thats one of the great unknowns the libyan production has risen strongly in recent months. By its nature because the p
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