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As you were, by the looks of things.

Looking for a nice draw from API

Back to like there never was.an attack. £64?? That **** ain't right

The markets in Asia will give is a taste of what we need to know but we will breach 90, definitely. I'm hanging my hat on 92

There was 3 dollar fall in Brent when bellicose Bolton was fired.

This dwarfs that in terms geopolitical tension. There was a blatant and brazen attack on a Sovereign nations critical infrastructure. Saudi Arabia must respond.

So, currently do we not know how long production will be offline (bullish) and we do not know who or how Saudi Arabia will respond (bullish).

There will certainly be a rise greater than £1.

Should this drag on for a few days and we get some significant draws, we might go farther.

WE'RE GONNA BE RICH!!!

WE'RE TALKING MONTY BURNS RICH!!

I expect a small bounce tomorrow. But who knows. That's total hunch stuff!

This ***** certainly is tough mistress. When she's good; she's good. But **** she is moody.

Good bye profit! So long! Alas..

Depends. In consumer based economies like UK, yes, because we will have more money and will spend it consuming things like oil. Germany is an emport led economy so cheap money will make.no difference; they need China buying their cars.

Overall though, markets will take lower interest rates as a positive step to halt any slowdown on the economy. We need those big consumer societies motoring for oil

Brexit is in the news but oil is fascinating at the moment. Will large shale producers get US shale to 13 million? Will bankruptcy take hold? Will there be another huge draw? Will we convince ourselves if a recession?One thing is for sure. Free Trade with China is dead. It will not be coming back anytime soon. Even the Democrats will not turn that clock back. Where oh where will we go?

On a note of levity, I feel as if PMO really wants to break out. She's holding steady given some quite volatile trading. Some good news would put the burners on SP

For the birds. Everything will be in line with expectations. That means we stay were we are. It's the larger macro forces we need to worry about. Trump; tariffs; bond yeild curves; Brexit; lack of room for stimulus. That's what's holding us back. Record production means nothing against these heavy macro movements.

API report was a draw. -2.3 for crude

Down thousands upon thousands; the despair is palpable. I can see why people to took amateur flying lesson in 1929.

Bought in at 73.9

Disaster. The plane has hit the ****ing mountain. Just when. I was beginning to enjoy the flight yesterday.

Although the SP is the same now as it was in Feb'17, (78p) the dynamics of the oil markets have shifted considerably. In Feb 17, the SP took into account the forecasts of global syncretic growth. Trumps trade war was turned that entirely on its head.

A lot of people are saying we are late in the economic cycle now too, a factor that could play into our hands. Trump will not want an economic downturn next year, so he will play nice and try and reach something to appease the market, only if he goes to trash it in late 2020.

Personally, I'm here for the bull-run that I think we will have until September and then I will cash out.

We all know U.S. shale production tanked due to Hurricane Barry, production will return/increase. The EIA predicts U.S. shale to be 13.3 by year end, a figure is baked into the current price. With the rig count down and a slow down in new wells, I just don't see U.S. oil production hitting 13.3. I think production will begin to level off.

But we still need to see some major draws in the coming weeks. Barring a recession, should we see some large draws in the coming weeks coupled with a stagnant U.S. production, brent will rise & PMO with it.

Was reading an article that stated they are projecting another draw this week of 10mbbs. I think we are on a run this week to the mid-80s

Following for awhile. Thought I would start sharing. Down a bit at the Mo - £1350. I road the high life on the 106 train to the mid 140's and never got off; the train decided to go off the tracks for me. I came back in at 57p (Dec) 75p and 79p. All in all, I got just under 10K in PMO ( budding trader) .Honestly, I though today was going to be a ****ing car crash but we have remained solid. I think the end of Q3 will see an upswing, barring a total financial collapse. The most important thing is a lowered CAPEX. Really good to see that.