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Brent Crude & West Texas Light Charts..
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At 9.35am
WTI $59.15 and Brent to $66.16

trying to get into new highs for the Year

Surely "they" are going to take WTI above $60 to take a load of stops out?

Light, sweet crude for June delivery settled up $1.05, or 1.8%, at $59.63 a barrel on the New York Mercantile Exchange, the highest settlement since Dec. 11. Prices rose 25% for the month, the largest monthly percentage gain since May 2009.

Brent crude, the global benchmark, rose 94 cents, or 1.4%, to $66.78 a barrel on the ICE Futures Europe exchange, the highest level since Dec. 9. Prices rose 21% this month.

Breaking up from $66.50 and trying to get into yesterday's highs

Light, sweet crude @ $59.40
Brent crude, @ $66.85

$60.

New highs for the Year

At 8.37am,
WTI crude was up 1.74% to $61.45/bbl.

Brent rose 1.215 to $68.34/bbl.

Cable on a run.

Downgrades threaten oil companies

Oil prices going nowhere but down lately and again today

Light, sweet crude for June delivery settled $59.81 a barrel on the New York Mercantile Exchange,.

Brent crude, the global benchmark is at $63.92 a barrel on the ICE Futures Europe exchange,

Oil on a run today.

Why $1,200 is important for gold

What the charts say: Oil and gold

Quite a gap down in oil.

Link copied - 5 big reasons for oil’s plunge Monday

Thanks for that last post skinny .

Oil on a bit of a run.

WTL back below $50!

Oil prices going nowhere but down and again today

Light, sweet crude for June delivery settled $47.66 a barrel on the New York Mercantile Exchange,.

Brent crude, the global benchmark is at $52.74 a barrel on the ICE Futures Europe exchange

Rig count up 5 this week after 21 last week.

I have the feeling that this time oil is going to stay at these weak levels for some time as there is too much excess supply.

Only this time round I expect less is hedged and what is hedged is hedged at lower prices than last time.

All in all I think this is going to get very painful in this sector with a whole raft of companies going bust