RE: IM OUT25 May 2018 18:08
The oil price has been on a sustained upward trajectory since July 2017 - look at a chart!
Oil usually tends to overshoot, and with the OPEC over-compliance, there could now be a cooling off period coming. If so, PMO SP will also cool off for a period. Lots of risk still in the air though with Iran and Trump being wildcards that could swing things either way on a whim.
Happy to be out for a while. See what happens.