Well the oil price has bounced around a bit passing the $50/bbl last week for a short time…

With the price of Brent creeping up to a close on Friday of $48.50/bbl the signs look to be a little encouraging.

With inventories down a bit and demand continuing to increase at about 1.2mmbbl/day it could be that the prices have bottomed out, at least that is the view…

Well here we are with the oil price now hovering around $40.00/bbl for Brent with WTI at a discount of just over a dollar.

Well the price finally turned- but is it for real of is it just speculation?

Mike’s Blog for January 2016

At the end of 2015 Brent was trading at $36.31, WTI at $36.32, which was about as low as it had been all year. How much lower…