Title : The Market And Energy Page, T+339 -- December 26, 2017
link : The Market And Energy Page, T+339 -- December 26, 2017
The Market And Energy Page, T+339 -- December 26, 2017
WTi: from a post early this morning --Before the open, WTI was $58.44. Early after the opening, WTI jumped to $59.41, due to a pipeline blast in Libya and the loss of Forties oil right now. My thoughts: the jump in price had little to do with the Forties pipeline or the Libyan story. The Forties pipeline story is not new; the pipeline has been repaired; and, already the pipeline is being tested for re-start in early January, just as the company said would happen. Libya? When do we not hear of a problem in Libya. Some might argue that WTI is headed toward $60 on a "no-news" story.Market: whatever the reason for the jump in WTI (and Brent), the bigger story is the jump in share prices across the board in the oil sector. Whoo-hoo.
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