BP Share Price (BP.)

Don't believe a word of what I read on that website, they have been ramping the price of oil ever since it started falling. I wouldn't listen to a word anyone on that site says.

You can't be that clever Paddy old boy as I was just having a bit of friendly banter and you went off like a badly timed pipe bomb.

For the record, those who try to belittle others for not having the funds are likely to be in that exact situation.

Pull your horns in you tool.

Https://oilprice.com/Energy/Oil-Prices/How-the-US-Iran-Deal-Put-A-Higher-Floor-Under-Oil-Prices.html

Triple witching is happening today because U.S. markets are closed tomorrow for the Juneteenth public holiday, which shifted the quarterly options and futures expiration schedule to Thursday

Personally think the next 4 weeks are critical as we see how normalised traffic through the straits becomes.

Assuming firstly that peace does hold.

Then the next 3 months becomes critical as undamaged infrastructure comes back on line ( including shut in oil fields).

Only after that can we really start to understand what the new oil story is.

With inventories very low is a glut really likely?

As if prices are low won’t inventory be refilled just in case.

But one thing is for sure the oil system will be more chaotic for a while