Edward Hayden-Briffett
Research Analyst, Flux
Bullying the bears!
North Sea bull play had the whole market rallying. Fed independence is being questioned and the effect on oil in the long run can be bullish
North Sea bull play had the whole market rallying. Fed independence is being questioned and the effect on oil in the long run can be bullish with a weak USD. Trade houses are ready to move Venezuelan crude.
We got a scent of the bullishness ahead of the window, as flat price climbed towards its highest of the day and the prompt spread surged to a peak of 72c, the prompt DFL went on an upwards adventure to 96c – its highest of December so far!
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