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Through resistance now ! Up up and away

Straight back to $75 I hope

Tariffs put on hold as Talks between The US and Mexico continue. Maybe Trump can stoke up a deal for Mexico to aid the movement of people in and out of the US.

What’s driven the bounce?

Squif ffs it’s nothing to with the company! AB cant do anything about the oil price, blimey Opec can’t even do anything about the oil price, Shale are driving the price to the floor for some reason.

Looking at the EIA figures over the the month, Shale must have much higher production rates than April’s figures of 12.2m bbls, Must be north of 13m now. That’s the problem the oil market has, they are relentless and seem unfazed with increased Debt. Why would you pump more and more into a already fragile market pushing the price down be $10.

That's probably one of the bargaining points within the trade deal, Xi would have known about this months ago. Both sides need a deal and China is probably the one that needs to give a little back, its not a third world country any longer.

I wonder if he will be aggressive or not towards the Trade deal with the US, lets hope he gives off signals that a deal may not be far away.

Probably are MO nothing surprises me now

Its reported the EIA found another 8m bbls of crude and 10m bbls of product last week.......So where was that hiding ?? Down the back of the sofa ? Behind the garage ? Under the floor boards ?, under the mattress ? Anyone else wanna guess !!

Last weeks Crude +6.771mm (-2.0mm exp) Cushing +1.791mm (-800k exp) Gasoline +3.205mm (+500k exp) Distillates +4.572mm (+600k exp)

Monthly build totals ha ha

Crude: +16.660 Mb Gasoline:+8.002 Mb Distillate: +3.809 Mb Cushing: +4.846 Mb The largest weekly increase in 30 years !

This is a joke now ! Where is all this product coming from, something doesn’t add up

Crude +3.545 M Gasoline +2.696 M Distillate +6.314 M Cushing +1.408 M

Neither am , I will buy on any dips from here but no way am I going to attempt to trade this now, My luck I will sell a few then the moment I press that button..... Boom it will fly.

I Personally think this sudden drop in oil prices was way over done and I also think demand is still unaffected by these Trades wars, I think that will take at least 6 months to show signs of slowdown. The way the Chinese work is they overcome any short fall by working even harder for the same wages/profits. Trump will have a deal bagged with China within the next 10 weeks. Money on it !

If that's the case Epip will you hold or sell and try and trade this bearish period ?

Brent down another 2% at $60.7 This is a joke how volatile this market is

Dead cat bounce ?