Oil back up

[Logie]

One of the main line from Nigera was closed last night, due to locals trying to tap in and a threat of terrorism. There also talking about closing the second line which would mean no oil from Africa.

90% tosh what the papers are reporting!

[Fittster]

Logie said:

One of the main line from Nigera was closed last night, due to locals trying to tap in and a threat of terrorism. There also talking about closing the second line which would mean no oil from Africa.

90% tosh what the papers are reporting!

If it not a crisis of confidence in the dollar and other fiat currencies why are other safe havens such a gold and silver rising?

[XJSJohn]

well the greenback is at 1.85 to the squid so that will add some paper value to the barrel.

[Timmy35]

XJSJohn said:

well the greenback is at 1.85 to the squid so that will add some paper value to the barrel.

£ has had quite a run back up from $1.75 which will mute the rise for us in the UK. Oil being priced in $.

Oh hang on, deja vous.....fk for a game of conkers this I'm off now.

[XJSJohn]

Timmy35 said:

XJSJohn said:

well the greenback is at 1.85 to the squid so that will add some paper value to the barrel.

£ has had quite a run back up from $1.75 which will mute the rise for us in the UK. Oil being priced in $.

Oh hang on, deja vous.....fk for a game of conkers this I'm off now.

yup ... we both bit .... again

buggerit .... i am off to the battlecruiser!!

[shirt]

just read this on PH front page.

whats the deakl with the saudi's cutting production by 0.5m barrels/day?

didn't they just walk out of OPEC and pledge to supply market demand?