Ishr Oil & Gas Share Price (SPOG)

3,290.00..+125.00...(+3.94%)...Spread: 7.50 (0.303%)

Sliced some for 3200 this morning .

Odd reaction today both Oil & Gold up .

Stocks mixed, oil climbs, amid Iran-US deadlock

Stocks ended Monday mixed in London, while oil prices pushed higher, as investors weighed political developments in the UK and the lack of progress in peace talks between the US and Iran.

The FTSE 100 closed up 36.36 points, 0.4%, at 10,269.43. The FTSE 250 ended down 41.52 points, 0.2%, at 22,807.86, and the AIM All-Share rose 7.98 points, 1.0%, at 822.41.

The Cboe UK 100 ended up 0.4% at 1,021.78, the Cboe UK 250 was 0.1% lower at 19,788.61, and the Cboe Small Companies Index ended up 0.3% at 18,340.53.

Brent crude for July delivery was trading at USD103.70 a barrel on Monday, up compared to USD101.49 at the time of the equities close in London on Friday.

The continued stalemate between the US and Iran dashed investors' hopes of an imminent peace deal and heightened concerns over further violence and disruptions to oil supplies through the Strait of Hormuz.

US President Donald Trump described Tehran's response to the latest US outline for peace talks as "totally unacceptable" in a social media post.

Iran said it had demanded the release of its frozen assets and the end of a US blockade of its ports.

"The price of oil remains highly reactive to news around the reopening of the Strait of Hormuz, both positive and negative," said Kathleen Brooks, research director at trading group XTB.

"Signs that tankers are getting through the Strait, even if it is a trickle, could weigh on the oil price in the coming days," she added.

But JPMorgan analyst Natasha Kaneva thinks that oil prices could remain in the low USD100s for most of the rest of this year, averaging USD97 for 2026 as a whole, in a scenario assuming the Strait of Hormuz reopens on June 1.

"Even if the Strait reopens in June, the seasonal lift in summer demand, combined with the exceptionally large commercial stock draws seen in March and April, and likely again in May, should push OECD inventories toward operational stress levels by August. This is what keeps crude prices elevated in the low USD100s through most of the year, rather than allowing a sharp retracement once Hormuz reopens, Kaneva wrote in a research note.

In Europe on Monday, the CAC 40 in Paris ended down 0.7%, and the DAX 40 in Frankfurt edged up 0.1%.

In New York, the Dow Jones Industrial Average was up 0.1%, the S&P 500 rose 0.3% while the Nasdaq Composite was up 0.2%.

The yield on the US 10-year Treasury widened to 4.39% on Monday from 4.37% on Friday. The yield on the US 30-year Treasury stretched to 4.97% from 4.94%.

The pound firmed to USD1.3651 on Monday afternoon from USD1.3623 on Friday. Against the euro, sterling was higher at EUR1.1584 from EUR1.1568 on Friday.

In London, bond yields crept higher, with domestic political uncertainty adding to the Middle East worry.

Not always a good reflection of Oil prices swings .

The fall back in oil prices matches more then the the rises .

But closer then others I have .

7th April the recent high Crude Oil $112.7.................... 17th April fall back to $82

Thursday 30th April $110 ( not far off highs )................. Friday 1st May $100

Brent 20th March previous recent high $111.... ....17th April back to $90

Thursday 30th April $120 new recent high ...........Friday 1st May $100

Might have got lucky Friday with this dummy trade executing after Iran’s Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now fully open to commercial traffic.

Saturday they announced it was closed again , until USA blockade is stopped .

2400 month low too 2876 month, and all time high is 20%.

The falls are sharper as no one wants to hold if oil goes back to old normal's .

This down 10.22% on the month since 17th March .

SQZ down 11.11% TLW down 16.67%

Others

Up DEC +4.68 ECO + 3.88 PANR +0.49%

All down BP. -2% COP -5.56% OXY -6.82% TXP -13.95%

ITH -12.41 GENL -4.% JSE -3.64%

4pm 2,365...-151.00 (-6.00%) ...Bid: 2,362.50...Ask: 2,370.00...Spread: 7.50 (0.317%)

Did not expect a dummy trade to execute at USA open for *2400.

iShares Oil & Gas Exploratn & Prod UCITS ETF USD A dropped 6.5% at open .

https://tradingeconomics.com/commodity/crude-oil

WTI crude futures plunged more than 10% to below $84 per barrel on Friday, hitting near five-week lows after Iran’s Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now fully open to commercial traffic during the ceasefire period. The move boosted optimism that one of the most severe global energy supply disruptions in recent history may be easing. The statement followed earlier remarks from President Donald Trump, who said Iranian concessions could pave the way for a broader peace deal. Prices extended losses after reports that the US may release $20 billion in frozen Iranian funds in exchange for enriched uranium stockpiles, with further talks expected this weekend. The market is increasingly pricing in an end to the conflict’s impact on supply, after nearly 50 days of disruption that had choked off a significant share of global oil flows.

Easter Close 2,710.00.

7 days ago 2,852.00.

This week bought HBR & ITH Under performing marker on 1st April when sharp pull back ( Markets excepting Trump deescalation in address to nation )

2nd April Sold BP Over performing marker & at target .

130% tranche size ( Trump speech was waffle ) Oil nearly back to 9th March Iran war high .

Balance 70% traunch size extra in oil this week, 500% extra over this month .

Other orders not executing .