Oil price has slipped back a little

Malcolm Graham-Wood Independent Analyst

WTI $62.04 +$1.92, Brent $65.49 +$1.88, Diff -$3.45 -4c, NG $2.73 -2c

It seems so long ago that I wrote a ‘normal’ blog that I can hardly remember how to, the Ipad has been in action in airport lounges, hotel rooms and various offices in the last few weeks but all is pretty well back to normal for a while. Mid results season and I will add where paltry comments were not enough and I have a good book of CEO interviews coming up so lots to look forward to.

I wouldnt have thought, from my occasional glances at the oil price when WIFI permitted, that it would have been up on the week, it didnt feel that good but Friday managed to change things as a good NFP number of +313/- dragged up markets and commodities alike. Add to that the first fall in the rig count for two months, +3 overall, -4 in oil, and crude finished in positive territory, today it has slipped back a little.

Author

Malcolm Graham-Wood

Independent Analyst

Malcolm Graham-Wood started his City career as a trainee analyst at Wood Mackenzie and then cut a swathe through a number of broking houses, all the time building up his knowledge and love of the upstream oil and gas industry incl

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