dacata you're right but sentiment seems to be weighing against producers and non producers. justified/not justified?? Not sure but i think the oil futures contracts were all up on Friday except one. We are going to have one of the biggest movement of people the world has ever seen using airlines in a matter of weeks....the Olympics. Two way tickets to boot!! Airlines would have to be the largest guzzlers of fuel, yes? Good time for some announcements to start rolling in?? They are certainly way, way overdue....mid July has come and gone. In fact about 8 weeks has passed since mention of rigs was first talked about....a 2 to 3 week operation has been strung out to 8 weeks if not more!!!! They will imho have something sorted out before the meeting in Melbourne in a few weeks time. Don't you think? Have to feed the punters something!
ERH Price at posting:
0.0¢ Sentiment: None Disclosure: Held
