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Enq need to get back into a position that enables the payment of dividends, then the market cannot ignore us. That can’t come quick enough for me, came on Iran bomb another oil plant. We want higher oil prices $100 will do.

Sorry Andy.p I should have said Towards highest ever prices.

Until Trump has gone who in their right mind would want to hold oil stocks ? who would want to trade oil ? No one and that's why its so volatile.
Trump has ruined world commodity markets, pushed gold prices to the highest ever, proves safety ground is the better option. upset every nation around world and now on the brink of war. What a shat head.

DBNO - Your never correct ! Your a clown

Germany's Good producing sector not looking grim, maybe that's why oil has taken a hit this morning.

Lets pin hopes on him being impeached then.

With Trump wanting low oil prices I think we have a market weighted in that direction now and nothing will change that until he has gone. The whole market is a mess now and the power of the Short side is far stronger than the long side.

I got up this morning thinking 'its going to be a good day' How wrong was that.

If Brent falls through 64.5 then it could fall back towards 63.4

Or is the market pricing in a coalition retaliation against Iran ?

How the hell can the market price this in as bad news ? I have no Idea. Maybe they see Saudi's market share being taken and when they repair the plant that oil will flood the market.

You would have thought it would have been bullish for oil ! The market is strange at times

So it looks like the delays in repairs may have already been priced in. Maybe as they burn through reserves it may start to move the oil price, Reserves ain't free and will have to be replenished

-3%. Is that a joke ?

Just a few more bucks on the oil price should see us back over 30p if we follow the charts, so far we are bang on

Approx 5am

https://www.wsj.com/articles/aramcos-repairs-could-take-months-longer-than-company-anticipates-contractors-say-11569180194

If Iran strike again then it will be all out war. Everything else is just hot air.

Just tried a mega ramp, didn’t work lol

Rigs -18