oil price12 Dec 2019 22:22
until news (drill, CEO appointment, sale?) i'm keeping an eye on the oil price movement. its currently in the middle of the upward channel. i don't have a clear picture of where its heading so i'm cautious about oilies at the moment. if oil stocks pull back then likely Tullow too. i'm guessing that some buyers over the last few days may get their stops taken out on any retrace. there was some news out today about opec cuts may not be enough to counter the extra oil coming onto the market next year. not sure the phase 1 US/China deal will help the oil price that much.