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The EIA now saying the market is over supplied and Opec will have a big task on their hands next year as stocks build.

Great timing !

They haven’t dropped pump prices.

Next support line around $65, cant see that going. They had better drop pump prices now., bet they don't !

Brent fallen through Support now, could be back to 65 come tomorrow.
I hope the UAE are happy

Looks like we won’t be far off 19P tomorrow, should have sold enough at 22p to cover it last week, me making the wrong decision again. I did say I wouldn’t buy any more stock having to put in more money to my portfolio

I won’t bother taking up the OO now as looks like oil prices are working against us (Typical err) we never seem to get any luck do we !

Well done to the UAE you’ve pulled a master stroke, you can now sell your oil for $6 a barrel less than before your little greedy 5hit fit.

Again Chilting looks to have called it correctly regarding oil prices. Oil looked toppy over the last month as the bull case had nothing else to keep the rally going. Only needed a trigger for traders to sell off. Lets hope Brent holds $70
Well oil ain't going anywhere near $100 in the next 2 years that's for sure. With Opec having to increase more than they were looking to do and Shale lifting production its going to be difficult for Opec to drain world inventories again.
Back to the waiting game

I see the traders on Twitter are all spouting “short oil “tomorrow, no brainer !
I’m not so sure about that !

Oil prices fell due to the possibility of Opec splitting up and flooding the market again, that now looks unlikely as today’s meeting we agree a deal for supply to increase to meet demand alongside draining inventories further. The market will see this as very positive
I don’t see oil prices falling further

I reckon the rig numbers have slipped out, could see a bigger increase in numbers this afternoon

Under some pressure this afternoon, biggest weekly drop since May.
Come on Bounce you pig

This second broker target maybe what we've been waiting to kick start the market into action. I'm thinking new yearly highs on the way next week followed by 30p come the end of the month.

Come on Jan put the glasses back on lol
You were a little quick to post the upgrade lol

Jefferies raises Enq from 28p to 32p

The only black swan circulating is the media, they love to over exaggerate everything negative,
Game season a few months away but I love to make an exception although you ain’t allowed to shoot swan’s but …

We seem to be going the wrong way,
Oil uncertainty still in the driving seat

Anyone else wanna moan ? I’m not allowed lol

Opec estimates non Opec supply will grow by 2.1m barrels in 2022.
From the EIA report shale is going to fill most of that.

Obviously not then.