USD strength prevailed and kept a lid on the oil price

Malcolm Graham-Wood Independent Analyst

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'....

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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