Member Info for Krakenoil

The oil market has been on its backside now for more than 5 years, Something has to give, Glut gone, China still importing at record levels, albeit Iranian oil mixed in with that. Indian demand increasing year on year as well, Shale cracks appearing and world investment levels still to low to sustain current world production rates.

I'm almost back in the bloody red now ! When on earth will the oil market return to fundamentals rather than what this Orange scum bag Tweets

Dropping from 85p down to 71.6 in 3 days ! You call that doing better than your divi stocks lol

I'm just wondering if he will Tweet before the US markets open ?

How will he get out of this mess now ? Bullying China was the worst approach he could have taken, No one likes a Bully and soon the world will isolate him. The sooner the USA get rid of him the better.

These markets are just a pure gamble now ! This vile dictator is destroying world relations along with world Markets, soon his own economy will be in a tailspin

Spin why am I complaining ? I don't understand what your getting at

Expect the unexpected ! Trump will probably big this up somehow saying negotiations are almost complete with China and how Xi has written him another lovely letter.

China has suspended agricultural products from the US in retaliation to Trumpets tariffs

Seized another Tanker this morning

If my Aunt had balls she'd be my uncle !

BUY BUY BUY

The sell off yesterday caused by risk factors increased from Trumps big mouth, fundamentals within the oil market should out weigh this risk and push oil prices back up shortly. Don’t expect oil price to drop much further from here.

She’s trying!

-8%
Will this bounce ?

-7% and falling

Brent has recovered 2.5% this morning and hopefully make it above 63 bucks in a few days time.

Oil will rebound pretty quickly imo, oil longs got stopped out today, oil shorts hit profit targets causing a well oversold market. Much to much bullish signals for oil to hang around this level, mid next week Brent will be back around $64 again maybe even higher, Trumps crying wolf starting to wear thin now ! Soon the markets will begin to ignore his big mouth

Brent now down to around the same price as December last year !

Brent now down to around the same price as December last year !