Member Info for Krakenoil

The other big factor at the moment is we haven't seen inventories falling, in fact quite the opposite.

We just have pitiful volume, Dire at best ! All this PC shite oil is looked as the dirty old dog that needs putting down. We need much higher oil prices, that's it !

Morning Chilt, She does look to be on her way to Denmark, Not sure why she would have K as her current destination then.

The markets can’t confirm our PE until half year results. Only a rough guess at the moment

Great news ! Still on track

This build doesn’t add up ! This build is huge ! Unexplained

Proves the oil market is very well supplied, bordering on over supply

Returning glut ? Week after week of large builds when we should be seeing draws, extremely bearish

API Crude inventories (14 May) - Crude: +8.6mln (exp. -1.3mln) Cushing: +2.1mln (exp. +1.3mln)   Distillate: +2.2mln (exp. -1.0mln)   Gasoline: +0.567mln (exp. -0.3mln)

Media spouting tightening oil markets, more like a returning glut !

I don’t believe a world of this now, doesn’t add up unless Trump has been at the SPR again !

API Crude inventories (14 May) - Crude: +8.6mln (exp. -1.3mln) Cushing: +2.1mln (exp. +1.3mln)   Distillate: +2.2mln (exp. -1.0mln)   Gasoline: +0.567mln (exp. -0.3mln)

If Iran target oil prices and manage to push it towards $100, that will certainly put Trump in a awkward position

Saudi reports 2 oil pumping stations this morning, Yemen's Houthi rebels claim these drone attacks !

One way to give Trump the counter punch is to tighten the oil markets further

Blimey just came back from my morning outing to see we are back in the red ! All others enjoying a nice positive day ! Frustrating to say the least

This time as the oil price starts to rise we should clear the strong resistance hurdle at 23.5p, Should see a draw down this evening as refiners are now in top gear.

I’m starting to think we will never catch a break! Every time it starts to look promising the rug is pulled from under our feet ! Trump is damaging world markets and pushing towards world recession. Can’t stand the Man, sticking out his chest is no way to run a western country

Well at least the Saudi's wont need to increase oil production ! Trump sorted that out well !

Wont make much difference to be frank, the market is starting to price in recession now. Oil now fallen $2 from mid day.
This Trade war will get worse and worse unfortunately, no easy way out when you have two stubborn Dictators negotiating.

Should have waited a few days lol