It is an interesting time. You would think the world was going to be tight. Now all the commentators are saying there is a glut. I am not so sure . Maybe for another few months. World oil statistics have been thrown into disarray with this Iranian thing. Nothwithstanding the threat of a recession , world oil consumption keeps on increasing. albeit at a lower rate. And it will until the world's population starts decreasing. I must admit the Trade war is slowing slowing things up.
I really fear for a dust up in the Middle East. You can corner a rat for only so long. You do not deprive a country of 70%of their income and not expect trouble . Trump has to be very careful. He really stuffed up that Venezuelan 'coup'. As for walking in front of the Queen I ask you.
Aussie have recovered a bit . 282-5 2 overs left
SXY Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
