Just after 7am where I am and I'm not exactly at my best after the night before, but here's a Brent chart, peaking above recent action and then we'll see about the longer term line from the $52.70 high - crack that and big things happen (maybe when this OPEC deal is cemented in place at November meeting). Still reading the details, but if it's correct this is a genuine Saudi led cut allowing Iran leeway and not just a freeze, then that's surely the circuit breaker for POO?
SXY Price at posting:
24.8¢ Sentiment: Buy Disclosure: Held
