The oil price jump is currently speculative, One issue with oil is that we're coming into the summer and you'd therefore expect demand for heating oil to decrease. Not sure if the US folks do a lot more driving in the summer??? What does seem obvious is that oil is going to stay low and inventories high, as more new supplies of oil come online, or increase, such as Iran. I don't know much about the oil market, but common sense would suggest that oil's low, because supply is outstripping demand and i'd be interested to hear from anyone who could explain how this will change. The markets are going schizo again and swinging on any news. Wouldn't be surprised to see everything swing lower soon and this current rally become a distant memory.
I sold today. Small rise from my 60 something, but profit is profit and I didn't want to lose it. The price may go up a little more , however sell in May and go away... will still hold though with some variation after the vote to REMAIN next month.
Just noticed this post you did a couple of weeks ago, 64p sure is looking like a bargain a couple of weeks later.
64p is not a bargain, there's still more to drop.this will not rise above 73p till after the Sid sale. The special divi was only issued to placate GO's palls in the city to ensure they got a slightly better return on their vast investment.
Doomsayers? Personally, highly unlikely US will raise rates next month. Their manufacturing already in recession, stronger dollar, cheaper imports, hitting BOP , dearer exports making matters even worse . ELection year ,surely Obama wants to hand over baton to Clinton instead of Trump , so surely Yellen will be instructed not to rock the boat .Today, fools rally to suck folk in , DOW hit resistance .What will be will be
reThe taxpayer paid a total of £20.5bn to bail out the high street lender at the height of the financial crisis, in the process acquiring a 43 per cent stake. This holding has been reduced to 9.3 per cent and, if shares are only sold when their value rises above the average investment price of 73.6p, this would yield a SUBSTANTIAL positive return " . bearing in mind that the bailout was over 8 years ago, I would have thought the Treasury would need an even bigger return to call it a success story
Lloyds Banking Group plc 72.42p positive +3.13% Standard Chartered plc 536.00p positive +2.19% HSBC Holdings plc 434.25p positive +1.64% Barclays plc 181.40p positive +3.24% Royal Bank of Scotland Group p 245.30p positive +4.78%
TODAY'S WINNER WAS 1. RBS up 4.78% 2.BARCLAYS up 3.24% 3.Lloyd's up 3.13% 4.STAN up 2.19% 5. HSBC up 1.64% a good day all round.
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