RE: 10% drop in a day on oil and brent18 Mar 2021 20:00
was needed to square away the put/call option imbalances for quad-witching option expiry tomorrow - a temporary distraction that will probably teach a lot of margined traders to never bet on margin again
The "English disease" that you refer to is actually paying yields that are too high in the first place instead of re-investing in the means of growth and innovation that is far more likely to sustain higher share prices
We will soon be free of the retail punters who have completely unrealistic goals and expectations for dividend yields in this environment of near zero interest rates (and BoE still toying with negative rates) - there is a wall of money ready to go into solid 3% yielders as soon as the froth of offended retail evaporates
large transaction for 3,555,114 shares at 1205.4 reported at 15.19pm and remember, for every sell total there is a buy total, giving confidence in this price level.