UK Nat gas up 16% Brent up 15%. I think its more about the market pricing in a short term spike vs prolonged high energy prices hence demand destruction and possible recession. You can understand why the markets are hesitant to move this up 20% or more on the opening bell. Having said that Tullow is up 12% this morning.
RE: Brent $87.50 - 305-310 close today6 Mar 2026 09:57
Looks like Brent is heading to $90. Then I suspect US is going to announce its paper market changes to keep a lid on speculators, so it will drop back a bit then probably on to $100 or high $90s
Also shutting down for essential maintenance would mean our bills will go down as Ed keeps on telling us renewables are 9 times cheaper, its a win win !
Could be shorts hitting it so they can close and get on the 'right side of the trade' With Brent and gas prices up plus possibility of watered down EPL. Now is not the time to be short HBR. GLG have got to find close to £40 million worth of shares quick fast !
Oil price has been quite constrained really still under $80 pb, in the old days pre Trump I would expect Brent at $95 to $100 already. The world can handle $85 a barrel with $75 often touted as the sweet spot between producers and consumers.
They have been dropping this then buying the drop back up here for sometime, I suspect its the shorters and wouldn't be at all surprised to see a bid coming here.
WPP share price was over 1100 when Sorrell was ousted, and just over 1300p when Reid took over, but don't let facts get in the way of a good / bad story.