Member Info for Larry_Livingston

https://www.fxempire.com/news/article/oil-prices-edge-higher-pause-from-six-day-losing-streak-1292212

https://uk.investing.com/news/commodities-news/exclusiverussia-plans-deep-march-oil-export-cuts-sources-2924219

I’ll second that NSS and say well done to all those who booked a profit, whether you sold some or all of it to me a profit is a profit so well done.

Hopefully my time will come to book a profit too but only time will so let’s see what the future holds.

I think the Economic data out this week will decide where the Oil price goes from here. If the inflation comes red hot then the Market reaction could strengthen the Dollar in anticipation that the Fed will maintain the aggressive rate increases and Oil price could then drop. IMHO GLA

Tues Uk Employment and Unemployment rate 7am, US inflation rate (currently 6.5%) 1.30pm
Wed Uk inflation rate (currently 10.5%) and ppi numbers 7am, US retail sales numbers 1.30pm
Thur US ppi and jobless claim numbers 1.30pm
Fri UK retail sales numbers 7am

https://tradingeconomics.com/calendar

Hi Ggt it’s good to see you here And I hope you had less stressful after selling out Clarkson last year, I’m still holding here after buying my last tranche to top up just b4 Jan 2022 thinking that it bottomed at the time “Talk about the wrong timing” :-).

Yes the Container and Baltic Dry indexes peaked in 2021 have been falling since and only the Tanker index was rising in 2022 until last month. Hopefully they will improve and the share price will make new Highs after bottoming at £2500 (Closing price) on 23/09/2022 from the High 4180 (Closing price) on 04/11/2021. GLA ATB

https://uk.investing.com/news/commodities-news/russia-to-cut-oil-output-by-500000-bpd-in-march-2910576

Finally FTSE 100 made new All-Time High on both Intra day high and closing price since May 2018, let’s see if it breaches the 8000 mark.

Yeah good outlook too and the market seemed to have liked it with today’s reaction.

I might finally be able to add my second tranche sometime this year after my first tranche in July last year but if the price is not less than north of £44. So let’s see what the follow-ups hold.

And this one is for Bulls I guess, like the old saying goes “There are 3 sides to every story”!

To me only time will tell the true story

https://oilprice.com/Latest-Energy-News/World-News/RBC-Oil-Prices-Will-Only-Go-Higher-From-Here.html

No wonder why the OP has dropped since yesterday if it’s true that OPEC+ infighting part 2 is coming, or is this all about the Bull v Bear fight in the Market and this is just another news for the Bears to drive down the price. Let’s see the future holds!

https://uk.investing.com/analysis/the-russian-oil-deal-hope-for-saudi-arabia-cheap-barrels-for-india-and-china-200557866

https://oilprice.com/Energy/Energy-General/Oil-Prices-Set-To-Climb-On-Rumors-That-The-Fed-Will-Stop-Hiking-Interest-Rates.html

Hi Ggp thank you for the article, I’m just thinking that maybe it’s a tactical move of Putin by flooding the market to influence OPEC+ meeting next week to cut the supply b4 the EU ban of Russian refined products from Feb 5th

Hi Boyo totally agree it would be interesting to see If and how far the run continues, at the moment I’m sitting tight and closely watching the data (economy and market) and my price indicators (High 2526.50 made on 04/11/2022 and Low 2243 made on 16/12/2022) to see what the future holds

Let’s see what the US Feb rate decision is on 01 Feb

https://uk.investing.com/news/commodities-news/oil-bulls-seize-2nd-weekly-gain-on-starryeyed-china-forecasts-2888604

Ggp those are wise words and it’s a lot less worries if I may add, luckily I started with that in 2006/07 tax year and never have worry about Mr Taxman ever since

https://www.ft.com/content/fb9dde20-96c2-4001-a37d-931fdcac667a

https://uk.investing.com/analysis/oil-market-outlook-2023-fewer-predictions-more-guidance-200552426

https://www.hellenicshippingnews.com/tankers-primed-for-success-during-2023/

https://www.hellenicshippingnews.com/tankers-primed-for-success-during-2023/

https://oilprice.com/Energy/Energy-General/Oil-Traders-Fear-Further-Interest-Rate-Hikes.html