Member Info for budgiemaguire

TR61, the worry for me is Tony is an accountant, if he cannot add up and forecast debt reduction, what hope do we have.

EIA reports a fall in U.S. crude supply for a second week in a rowThe reported Wednesday that domestic crude supplies fell by 1.2 million barrels for the week ended Dec. 7. Supplies had also declined the week before, marking the first weekly decline in 11 weeks. Analysts and traders, on average, expected to see a larger decline of 2.8 million barrels in crude supplies, according to a survey conducted by The Wall Street Journal, while the American Petroleum Institute on Tuesday reported a drop of 10.2 million barrels. Gasoline stockpiles climbed by 2.1 million barrels last week, while distillate stockpiles declined by 1.5 million barrels, according to the EIA. The Wall Street Journal survey had shown expectations for supply increases of 1.8 million barrels in gasoline and 1.3 million barrels in distillate inventories. January crude was up 41 cents, or 0.8%, at $52.06 a barrel on the New York Mercantile Exchange. Prices were trading at $52.15 .

https://www.bloomberg.com/news/articles/2018-12-04/opec-negotiates-cuts-after-saudi-russia-deal-reality-check

fall to zero in October, Bloomberg have reported .Would this be a knock on of why there were builds all through last month?

https://about.bnef.com/blog/economics-u-s-shale-oil-production/
Although its from June there is a graph showing Shale breakeven prices across the us.
It gives a good insight into their industry. Reading this most will now be making a loss and i for one feel f***ing happy that they are

Watch it bounce at 4.32, it usually does.

I also read that chinerse hedge funds were shorting oil.

Thanks for taking the time to do that.
Even looking at today, no other oil shares are performing this bad.

Sorry "is"

The bit she us missing is other shares haven't capitulated by 50%.

Brent nicely in positive territory, PMO not following

Shale explorers halted their drilling expansion after oil dipped below $55 a barrel for the first time since last year.
Trump can't see the bigger picture.

Blimey, only a few pence off being worth 50% less in a month.

The 2 million shares dumped after close Wednesday showed the way the price would go, now if whoever that was wasn't given inside information, why would you sell at those prices with Brent slightly recovering?

Anyone else use IG, I can't get on the platform.

uncrossing trade not buy.

EIA reports 8th straight weekly rise in U.S. crude supplies
6:05 a.m. Today - By Myra P. Saefong
EIA reports 8th straight weekly rise in U.S. crude suppliesU.S. oil prices pared earlier gains on Thursday after that domestic crude supplies rose for an eighth straight week. They climbed by 10.3 million barrels for the week ended Nov. 9. Data were released a day later than usual because of Monday's Veterans Day holiday. Analysts surveyed by S&P Global Platts had forecast a rise of 2.3 million barrels, while the reported an increase of 8.8 million barrels, according to sources. Gasoline stockpiles declined by 1.4 million barrels last week, while distillate stockpiles fell by 3.6 million barrels, according to the EIA. The S&P Global Platts survey had shown expectations for supply declines of 894,000 barrels in gasoline and 2.7 million barrels for distillates. December crude was up 43 cents, or 0.8%, at $56.68 a barrel on the New York Mercantile Exchange. It was trading at $56.87 .

So the trading update wasn't that bad was it? Oil up 1.5% and PMO down 9%. I really have absolutely no idea anymore.
If we ever make it above 120 again i'll be out, never to return.
PMO really do need to learn how to deliver an RNS!

Most of PMO's gas is sold in the far east so prices do not compare to europe. They tend to be much lower.

Hi Giving, when the price is going up he disappears to another board. He never has a positive word to say.