Oil/mrkts...23 May 2018 07:07
It's down down..down. Oil$79.16 -
US mrkts blown off course and Tokyo leads Asia lower. The ftse at another record close (7877) is called c.40 down at open. G looked to be heading for the second consec down close but scrambled back to even par on the day. Natural to think G may have 'topped' out....but heh (2/ from last 10 closing down) shouldn't be a cause to panic/worry pis, as a bit of froth being blown off now and again is no bad thing. Didnt check the final trade vols but buyers were in the ascendant throughout the day. A cheque on investors doormat this morning will go down well though Feb'18 avp was off $4 compared to Jan'18. In the past payments were a cause to sell the stock but times have changed since the dark days of 2016 when oil averaged a low $31- to a high $53. Morning all.