Just out - Oil prices advance as China set to boost U.S. crude imports17 Aug 2020 08:45
(Reuters) - Oil prices rose on Monday following news China plans to ship large volumes of U.S. crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent crude added 32 cents, or 0.7%, to $45.12 a barrel by 0616 GMT, while U.S. West Texas Intermediate crude was up 35 cents, or 0.8%, to $42.36 a barrel.
I3E will do very well from here as MID size producer with very little cost base .....as oil/has prices move to more realistic prices.
Onwards and upwards. 12p short term and 20/30p next year.