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Oil Extends Two-Year High as Saudis, Russia Back Prolonged Cuts...

  1. pumper
    1,157 Posts.
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    31/10/17
    08:40
    Post #: 28336698
    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
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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