Thursday 23 December 2010

Oil Price above $90!

I see that faster than expected falls in US crude supplies has pushed the price of a barrel above $90 for the first time since October 2008 boosting the share prices of BP and Royal Dutch Shell.


FTSE 100 standing at 5993 +9.89. Not sure if I want to see it top 6000 if it is just going to deflate, which can be a problem with these targets/psychological barriers. Probably depends on where Wall St. opens now to give the FTSE the momentum to push through.....and stay there into the New Year.

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