Member Info for Krakenoil

They will end up receiving government bailouts from Trump, Opec now have enough spare capacity to offset any supply disruption.
So 2020 now looks like the glut will continue to grow.

Oil prices now back down to levels in December 18. This is just utter madness.
Depressive now

Well that’s that then ! Switch off and come back next year !

2.4m build
gasoline 4.4m build
Really !!!!

Will AB keep on buying now we have dropped back down

About 20 miles away from Kraken, Unlikely to hook up today from the speed she's travelling at.

Dow Jones having a run towards close ! Might give us a little help tomorrow

API reports 3.4m draw, third draw in a row ! Oil fell on that report!

3.4m draw and oil follows with a sharp drop ! You couldn’t make it up !

Norway has revealed its divestment in oil stocks is now almost complete, sell off begun last year, $1.1 trillion sold into the market pressured oil stocks over the last year along with rising short positions on the back of it. Now cleared we might start to see oil stock price begin to rise

Hi Pelle, yes bought 2 chunks just after the market opened and then sold within about ten min, Should have held on for another ten min but took a nice profit quickly, profit is profit.
First trade for a while, mind you it doesn't come close to offsetting what i've lost here over the last few days lol

I couldn't resist trading that sell off this morning, nice £2k profit to start the day off. Little rise in oil prices today should set us up for a nice bounce, fingers crossed

All we need today is a little rise in oil prices and we should see a strong bounce from here.

Couldn't resist a weeeee trade there on this mornings sell off ! Bagged a 2k lol lovely jubbly !

Brent is way oversold, expect a bounce back into the range between $63-65 pretty quick in my opinion. Trade war already priced in months ago, the market always knew a deal between China and the US was never going to happen and that’s why Brent isn’t trading in the mid $70’s. Outside of all this nonsense is a world still burning through 100mbbls a day and that’s rising year on year. Glut gone and only the light shale carp that’s in abundance, already showing signs of decline

Brent needs to climb back above $62 and quick

Squif every oil company is on its backside, rather than blaming Enq for your poor investment strategy, blame the vile git that’s behind all our problems!

How the hell Trump has been allowed to act like a wrecking ball I have no idea. Surly this must be destroying the Banks, Large hedge funds, pension funds and Corporations all around the world including his own ones. Something has to be done before he causes a catastrophic meltdown

Little tantrum there Itsaponzi ? No it wont, AB will keep on taking the stock between 18-19p if he gets the chance.

Looks like sell off complete, all bad news priced in, Bounce looming but after the bell as always.