Oil Extends Two-Year High as Saudis, Russia Back Prolonged Cuts
Brent for December settlement, which expires Tuesday, rose 46 cents to settle at $60.90 a barrel on the London-based ICE Futures Europe exchange, the highest close since July 2015. The global benchmark crude traded at a premium of $6.75 to WTI.
Great news for us as as above the Brent has held its ground and looks to me like we will enter the new $60 to $69 Band for a while now. Sure some hiccups along the way but the yanks want WTI at $55 to $60 so you would think that Brent range applies.
I have some news on Xanadu but want to see what comes up in OUR and NWE qtly before I post.
Like many really looking forward to Qtly.
Pumper
TEG Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
