Well bought back in but who knows whether this is the bottom or not, you'd think they would issue a statement about quantise easing to put the markets at ease, as seems to be causing cayos worldwide...... :(
it must be getting close to dinner time ,whats on the menu flat cap..err top hat DONT EA T THE HAT YOUR WEARING FOR ROYAL ASCOT,BP GETTING CLOSER TO THE 450 ,AND YOU PROMISED YOU WOULD EAT YOUR HAT ...DUBBS
NEW YORK--U.S. crude futures slipped below $95 a barrel Tuesday, weighed down by the Organization of Petroleum Exporting Countries' monthly report that trimmed its forecast for global oil demand growth.
Light, sweet crude for July delivery recently traded down $1.29, or 1.36%, lower at $94.49 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange for July delivery traded $1.78 lower at $102.13 a barrel.
OPEC marginally cut its global oil-demand growth forecast for 2013 by 10,000 barrels a day from last month's report. But demand for the commodity will still grow by about 780,000 barrels a day this year, it said.
The oil-producer group warned that "risks are skewed towards the downside" for demand. "This is due largely to the weak economic outlook for Europe, as well as to any possible setbacks in the U.S. economic recovery," it said.
The group also said its members increased production by 109,000 barrels a day in May.
Don't worrie been out for several beers and sold at 468 sitting on cash so over the moon as wanting to buy again! Just did not see a market correction coming so soon! I would like to see 450 to buy in again but who knows maybes to optimistic!
Get a beer, relax, and stop stressing. The FTSE has been well overdue a correction. When she hit 6800, everybody seemed to finally realise that whilst the worlds economies are stable, and indeed improving, things are still less than boom times. 6800 was ridiculous. 6380 is still a touch lofty. I still think we can see another few % off, to say 6250, and then no doubt things will be back on the straight and narrow. BP is just following the markets, as she did with them up to 6800 a couple of weeks ago.
Its nothing to worry about at all mate. BP is on the home straight now, and only a hefty market fall can see her fall back down to sub 450 levels etc IMO. 460 still represents a fair price for me, as has been the case for months now, hence I sold at 461!
Markets around the planet are pancaking ,Brokers running around like headless chickens pressing the sell buttons ,fear not Bad news is the new Good news .this time next week everything will be back on track [METHINKS]DOH,,, max kieser now theirs a man who knows how it all works out ..he blames the gangsters ie bankers for all the mess were in,,, and throw in the odd yank ,,HEY OH at least its nice and sunny .. , ,
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