link to Brent price

link to WTl price

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Brent Crude & West Texas Light Charts..
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BP. and RDSB Charts.
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Gold and Cable Charts.
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Silver and Platinum Charts.
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GBP/USD
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GBP/EUR
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CC - I'm always up early - I normally start the Traders thread and then go to the gym - I'm going late morning today.

A big spike on gold.

Brent toying with $50.

oil moved nearly $5 in the last 4 hours. Maybe my RDSB and WEIR are going to look vaguely decent tomorrow morning

The charts seems to suggest other wise!

Oil prices drop 3 percent as investors retreat from overnight gains

re - The charts seems to suggest other wise!

Live Crude are not as such, now 5pm and prices on the chart are showing the 4pm prices

Mentor - I am quite interested in your post. I had always assumed the charts were live but displayed an hour difference due to BST.

Oil prices going nowhere at the moment

Since 2pm both oiles are motoring again $48 and $52

OIL prices falling off the cliff since 3.30pm

£/$ on a run ashore.

GBP / EUR added.

Gold on a run since midday.

Oil prices lost ground once again a drop close to $2
Light oil $43.70
Brent $46.60

Intraday Oil price futures - WTI light sweet ------------------------------------------------------ BRENT crude ---------------------



Brent 20 minutes delay

Oil rig count down by 26 this week. It seems a rather large fall compared with the previous 4 weeks.

I'm not sure what it suggests other than perhaps the US shale industry is far more fragile than I thought. Perhaps their hedges at far higher prices are running out and long run economics are kicking in?

Crude on a bit of a run.

yes despite yesterday's negative news...........

Saudi Arabia Cuts Oil Prices Amid OPEC Price War

Saudi Arabia on Sunday made deep reductions to the prices it charges for its oil, hard on the heels of cuts last month by rival producers in the Gulf.

With U.S. production still increasing despite lower oil prices, members of the Organization of the Petroleum Exporting Countries are battling to keep their share of the last growing markets in Asia.

In a list of official prices sent to customers, state-oil company Saudi Aramco cut the price of its light-crude deliveries to Asia by $1.7 a barrel. As a result, it switched to a discount of $1.6 a barrel against the rival Dubai benchmark from a premium of 10 cents a barrel previously. The company also cut its prices for heavy oil by $2 a barrel to the Far East and by 30 cents a barrel to the U.S.

The move come as Iran, Iraq and other countries in the Middie East made deeper cuts in their official prices than Saudi Arabia last month.

Saudi Arabia has vowed to keep pumping at high levels as it hopes lower oil prices will stimulate Asian demand and hit rival production in the U.S. that is expensive to produce. But while Chinese economic growth is slowing, U.S. production rose by about 68,000 barrels a day in July, according to the U.S. Energy Information Administration.

Old article Mentor? US production is now falling

CC

old article?

no, yesterday's alright

Saudi Arabia cuts oil prices amid OPEC price war
By Benoit Faucon
Published: Oct 4, 2015 10:29 a.m. ET
http://www.marketwatch.com/story/saudi-arabia-cuts-oil-prices-amid-opec-price-war-2015-10-04-10485293

Spike this afternoon

US benchmark West Texas Intermediate for delivery in November jumped US$2.27 to US$48.53 a barrel on the New York Mercantile Exchange, its highest level since late August. Brent North Sea crude for delivery in November closed at US$51.92 a barrel in London on a gain of US$2.67.