Member Info for Krakenoil

Hopefully the oil price will push up above $61 this evening and hold going into tomorrow

So we closed out on todays high of 77.92p Not bad.

Ferret when you mean the Pound fell like a stone ! Do you mean dropped less than 1 or something % ? Or am I looking at the wrong screen ? That Tonic certainly has boiled your brain

US crude stocks have fallen more than 10MM bbls over one week just 28 times in the 37-year history of the EIA . Three of those were in 2019.

Ferret if you think the Queen passing the suspension of Parliament will affect world oil prices then you need to get out that rubber Dingy, stop drinking that Tonic and go and get your head seen to

Massive draw and they still manage to push the oil price down lol WTF !!

Tullow enjoying todays Eia report, We should follow shortly.

A year or so ago if we had draw downs like we are seeing now the oil price would have shot up a couple of dollars but now nothing seems to boost oil prices, shows huge manipulation can hold down the price.

The other Gobshate has appeared

Little top up for me

Clutching at straws ferret ? You sound like a desperate remoaner

I wonder if she's heading for Baniyas oil port in Syria ? Or will she transfer the load to a few smaller tankers and they will deliver to Syria ?

If the EIA confirms the yesterdays API then I think Brent will move up into the high $61's possibly $62's. Oil in my opinion is way oversold due to negative pressure from Trumps tweeting war against actual fundamentals.

Inventories are heading towards the lower end of the 5 year average now, These large crude draws cannot keep going week after week without pushing the oil price up.

Could end up above 80p

Give it time ;-D

You mean your sat overlooking a flooded pond and your now thinking of getting the rubber dinghy out and pretending to be captain pugwash !

A move back to 80p possible today

https://oilprice.com/Energy/Crude-Oil/The-Real-Reason-Why-US-Oil-Production-Has-Peaked.html

He posts whatever suits him at the time, disgruntled day trader that’s been left behind lol