@$45.11 now mainly on the back of US oil traders hyping up the US shale situation plus the.unexpected large amount of gasoline available. Probably a lot of new vehicles being more efficient. Meanwhile China wants to increase its Saudi contract by 10% and India wants more crude also.
I will second that mate, i bought 1,110 quids worth today but rather then invest all in at once i will buy in 3 blocks, so if price drops i can get the benefit of it. Its a good ploy as nine times out of 10 the price always drops when you buy in. Looks like the oil bears are back out again as oil is dropping, but fingers crossed we don't see the 30's again.
agree eegbvi, see no reason for SP drop today of 5%, no negative news, just could be an auto as you say, nasty MM's triggering a stop loss to get some cheap shares, good buying opportunity again, I am topping up at this price GLA
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