Futures Don't Mean Squat ... But I'd Rather See Green Than Red -- The Bakken, North Dakota, USA

Futures here -- up $1.00 to around $100.

China's GDP tops forecast. 

Meanwhile, Saudi targets $100 oil.

Saudi Arabia is aiming to keep oil prices at about $100 a barrel, a third above its previous public target, in a sign that Riyadh needs higher oil revenues to sustain a big rise in public spending.

Ali Naimi, the Saudi oil minister, on Monday for the first time said the world’s largest oil producer aimed to keep oil prices at the triple-digit level. 

As noted before on this blog, Saudi has set a floor of $87 to produce a barrel of oil.