Oil Price rises above $70

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Mordac replied

8 May 2018, 22:28
Originally posted by The Castle Cary Fairy View Post

Yes, it's a bit like the proverbial frog in a saucepan of water.

Only seems like yesterday when the price of a litre of diesel was set to dip below £1. My eyes nearly shot out of my head when I was filling up in Morrisons on Saturday & I had a cursory glance at the tariff expecting to see something like £1.10 per litre but was instead confronted by £1.24 per litre.

Don't you mean "frog in a blender"? Or was that one of my stranger dreams...?
Leave a comment:
The Castle Cary Fairy replied

8 May 2018, 08:54
Yes, it's a bit like the proverbial frog in a saucepan of water.

Only seems like yesterday when the price of a litre of diesel was set to dip below £1. My eyes nearly shot out of my head when I was filling up in Morrisons on Saturday & I had a cursory glance at the tariff expecting to see something like £1.10 per litre but was instead confronted by £1.24 per litre.
Leave a comment:
Mordac replied

7 May 2018, 22:30
Originally posted by PurpleGorilla View Post

How much of this is a devaluing dollar?

Since oil is priced in dollars, my guess is not that much...

Disclaimer: I could be wrong though...
Leave a comment:
PurpleGorilla replied

7 May 2018, 21:21
How much of this is a devaluing dollar?
Leave a comment:
AtW replied

7 May 2018, 12:55
Market manipulation, as before via OPEC+ and good job Korbyn's mate doing in Venezuela
Leave a comment:
TwoWolves replied

7 May 2018, 12:44
Originally posted by BlasterBates View Post

Two years after a new paradigm was declared where the oil price couldn't possibly get above $40 because of shale oil, it's now $70, Brent Crude now at nearly $80.

https://www.reuters.com/article/us-g...-idUSKBN1I801Z

In a couple of years I predict a new paradigm where it the oil price can't fall below $100.

It's the ROI, stupid! (increasing demand from developing nations too)

I think we all figured that out.

Last edited by TwoWolves; 7 May 2018, 12:49.
Leave a comment:
BlasterBates started a topic Oil Price rises above $70

7 May 2018, 12:13
Oil Price rises above $70

Two years after a new paradigm was declared where the oil price couldn't possibly get above $40 because of shale oil, it's now $70, Brent Crude now at nearly $80.

https://www.reuters.com/article/us-g...-idUSKBN1I801Z

In a couple of years I predict a new paradigm where it the oil price can't fall below $100.
Tags: None