Member Info for heardy

Conflicting all round really but I see the Hedge Funds are taking a last bite at $58 before anything filters out of the G20

Double your money by end of next week more like.

No matter how great their position is or how much they project future production to be they will make a statement the market doesn't like. They always do so lets get it over with and start a fresh 3 months of torment. POO $75-80 by year end and still we won't move.

Maybe it's all a sham so the big boys can get money back, all driven by day traders. The FTSE main AIM I call it these days.

Pig sick more like, I knew I shouldn't have invested in another share that brollie is involved in. But here's hoping as this is very undervalued now.

Shale hit good, agree oil price does not reflect market balance, just bets.

Wish i'd invested in spuds now.

Oil prices declined for the second day in a row on Friday, hitting their lowest level in almost one year on the back of concerns over an increase in global supply.
However, analysts say a rebound could be around the corner.
Brent, the international benchmark, was down as much as 1.7 per cent at $61.52 in early morning trading in London, the lowest level since early December 2017. That’s a fall of 30 per cent from its October peak of $86.74 per barrel.
West Texas Intermediate, the US benchmark, was 1.9 per cent weaker at $52.84.
This week data from the US Energy Information Administration showed US crude inventories had gone up 4.9m barrels from the previous week to 446.9m barrels, the highest level since December 2017.
But according to Eddy Loh, an investment strategist at Credit Suisse, a rebound is on the way: for one thing, there is talk of Opec announcing a production cut at its upcoming December 6 meeting.
Developments in Iran could also have significant near-term implications for the price. The Trump administration recently exempted a number of countries from US sanctions on importing Iranian oil, allowing the country’s biggest customers to continue buying its crude for another six months.
But Mr Loh said there is talk now of potential EU sanctions on Iran, and it’s likely “the market will still lose considerable volumes of Iranian crude in the coming months in a staggered way.”
“Seasonal effects should tilt in favour of firmer prices into the year-end as refineries conclude their Autumn maintenance programs,” he added.

According to Bloomberg News the hedge funds are doing mass short bets against the Saudi's being able to get the price back up, so all is totally false. Oil and the companies are unfortunately at the mercy of these greedy manipulating bar stewards. On the bright side it is now too costly for any further shale prospecting, they can pump WTI to the max if they want but the decline rate will increase and its no use having all that oil without some heavy crude to mix with it so the OPEC could really shaft the US by making substantial cuts and increasing the price of Brent. Hedge funds will close and bingo. Then there is JP Morgan spouting long term predictions of decline(not hedging themselves eh, not much). Lets face it the market is totally unpredictable due to geopolitical reasons, terrorism, disasters natural or not and hopefully earthquakes and contamination in Texas. So nobody knows s##t, futures rule everything creating their own false markets the world over.

I suspect its the big boys doing the tuppenny two step to get some money back before the PI's get shafted. When it stops is the time to worry.

yeah well nothing surprises anymore, look at pmo and pmg, all bull, should have bought sqz lol.

that took my breath away, think i'll go back to bed now.

the only part of the report fed into SETS was that output will be at the lower end of the range, ignoring all the plus factors. Cynical yes I am.

Coming soon.

Just this sight.

of after hours sells on here as well as pmo???

all the large after hours sells then. Or are they?

All that may be changing. Goldman Sachs has predicted that prices will resume their rise, topping $80 before the year’s end, as Fortune reported. Today, Brent crude is up 0.63% and West Texas intermediate, 0.33%
. Don't you just wish they would make their minds up.

to penny for dollar movement I see.

Stalemate I reckon, May out by year end, election early next year, Brexit on hold. EU laughing their whatsits off and carry on funding their pensions off our backs. Sorry should be on the Lloyds board :)