Buys going through above full ask. MM in trouble
OPEC Oil Supply cut by the looks of things. In the region of 500,000 barrels a day. Good news here
Although the main reason RKH was down at these levels was a large degree of uncertainty. With that gone, confidence has returned here by the look of it.
Interesting how this is being played out. Understand the lack of activity on ARG as they need a farm in partner, which could be a big stumbling block. But FOGL sleeping suggests traders playing this at the moment?
Looks like resistance broken? Moving quickly up and down
Didn't expect this further push into the 82-83p range
I wouldn't be shocked to see further cuts at all. Will be interesting to watch it play out. Have to log off now. All the best mate.
As you say heavily dependant on oil price over the coming weeks/months
Agree. I have a position in both RKH and FOGL, RKH I bought around 73p and FOGL 27p but have a stack of cash on the sidelines which Ill be using to add to my holdings when the time is right
Absolutely, what is your view on the oil price situation with the Arabs? Do you think they will scale back supply?