The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Brent just hit $32
Yep, guess it's a pre-requisite for SA/Russia to cut is that US does too .... clearly Trumps tweet didn't say that as now he wants to be seen as the great savior. Trump will make it clear that a cut of around 20% will be needed, but I guess Trump will only ask for 10% atm then back to the table with Russia / SA , for second round of cuts. Either way ... now moving in the right direction at last.
aimo
Seems strong, trump meeting with US oil coโs today to talk about reducing output, Which obviously they will,they have no choice.
swung 7% positive since I got up. Up 3% now.
we need some strong poo...
moved up rapidly in 30mins...huge really
Opec meeting next Monday?
Brent back over $30
Oils climbing again
I would be more than happy for Brent POO to trade in the $34-$40 range for the rest of the year, so would majority of efficient oilers too. That's high enough for us yet for WTI would still mean that much of US shale and other high cost producers would need production curtailed. Just a matter of getting the Saudi's and Russian to cut production a little more and get POO into this range.... which I think they will.
yep, even after yesterdays 20% rise in poo, we are only back at last Thursdays poo, a week ago !!
Could really do with holding poo gains today, ready for next week and new tax year. Strength in poo means strength in RRE.
Possibly, but it will make many shorters think Twice with oil stocks so I think we will retain some gains across my PF. They got the shock of their lives yesterday and are lucky to get out of it at a reasonable price this morning. If your shorting RRE you deserve to lose your money anyway.
think this will unfortunately retrace a bit...oil a little down...markets a bit cra ppy and will continue to be. AA has to pull a rabbit out the bag.
Expecting more tomorrow here