Author archives: Edward Hutton

Oil Through the Looking Glass 10/11/20

*Vitol CEO Sees Oil Prices Heading Towards $50 A Barrel* Russell Hardy, CEO of Vitol has announced this morning that he believes oil prices will hover around the $50 per barrel mark into the new year and over the next few months as inventories start to report draws which he sees accelerating into 2021. (Reuters) …

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Morning Oil Report 10/11/20

Brent continues on its 8% gains from yesterday as we start the morning session up 0.45% at 0727GMT at $42.60 dollar per barrel. WTI futures opened up at the same level as the close, to print $40.42 this morning. The market quietened down overnight after extraordinary upward moves on crude up after the news of …

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European close 9/11/20

The choice oh sources is endless, but we will use Bloomberg for the headline of the day ‘stocks surge to All-time high on vaccine optimism’ with a sub-headline ‘ Pfizer’s Covid Shot prevents 90% of infections in large study’. Equities are making new highs, oil is up 7.2% to USD 42.46, having traded as high …

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