Both 'Energy & Capital' and 'Oil Price Intelligence' now calling oil price bottomed and bullish from now on, with possible short term hiccoughs along the way. US rig count down to 988, lowest since 2009 and EIA expected to call a plateau/drop in US output. Saudi expected to cut production from June also leading to an H2 price rise. All that's needed now is Isobel to be a success and SP will rise, I suspect quickly now that FOGL cash is not quite so strained in future. GLA
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.