Analysis

USD strength prevailed and kept a lid on the oil price

It was the dollar what did it, greenback strength prevailed and kept a lid on the oil price that just couldnt break the shackles and make new ground. Make no mistake, the chartists are adamant that breaking through just below 53 bucks will mean another big rise but equally if it doesnt breakout then....

Igor Sechin clearly reads the blog, my comments recently when he contradicted comrade Putin forced me to suggest that he may be taking a trip to the Gulag, yesterday when asked about cutting production he replied ‘ I will obey Government instructions' which is the right answer. Remember in Licence to Kill when Sanchez says, ‘remember, you're only the president for life'....

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