Oil has been rising slowly

true, and PMO has done well today and TLW moderately so

nevertheless, the markets (i think) are heading for some very unsettled times
with regards to oil in particular, saudi is keeping its taps turned low, and if there is some sort of deal with iran, then my prediction of an upturn for crude around mid year will probably prove over-optimistic

I sold PMO today ,will buy it back if it goes back towards 140p . It's a great trading stock , although i missed this ,one mentor has been posting regular i should have looked more carefully .
I do think we are heading for a market wobble ..

Added this to my list , shall keep an eye here mentor ..

good luck to you - jimmy -

if breaking 140p and holding, then we a heading to 180p
but many things will happen on that process
do not forget many of my comments are short term

I'm fairly short term with most , see how oil price goes ,if this takes another dip like PMO i may be interested .I'll do a bit of research as i don't know much about Ophir .

140p broken as oil price surge this morning

Oil prices surge as saudi strikes in Yemen triger supply worries

Oil prices jumped as much as 5% in Asian and early European trade Thursday after reports of Saudi Arabian airstrikes in Yemen raised fresh concerns of supply disruptions.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLK5, +3.84% traded at $52.01 a barrel, up $2.84, or 5.7% in the Globex electronic session. May Brent crude LCOK5, +3.58% on London’s ICE Futures exchange rose $2.94, or 5.2%, to $59.36 a barrel.

Saudi Arabia and other Gulf nations launched airstrikes against rebel forces in Yemen’s capital and across the country. The strikes began Thursday morning, hours after Yemen’s president, Abed Rabbo Mansour Hadi, fled the southern port city of Aden by boat when Iranian-backed Houthi militants closed in.

Yemen, although not a very big producer of crude oil, is adjacent to the Bab el-Mandeb Strait, one of the world’s main transit points for seaborne trade. Oil tankers that transit the Suez Canal also need to pass through Bab el-Mandeb.

The Bab el-Mandeb Strait is 18 miles wide at its narrowest point, and its closure could prevent oil tankers from the Persian Gulf from reaching the Suez Canal and block the quickest route for tankers from North Africa to Asia, according to the U.S. Energy Information Administration.

Oil purchasers like Asian refiners are keen to hedge their supply risk in the event of a disruption, analyst Daniel Ang at Singapore-based Phillip Futures said.

Oil prices have been rising for about a week helped by a weaker dollar DXY, -0.72% , after dropping sharply in the first half of this month. A price increase of over 2% in a single session also attracts investors looking to boost positions, Ang said.

Both Nymex WTI and Brent crude prices extended overnight gains, shrugging off ¥a larger-than-expected increase in U.S. oil inventories.

Thursday’s price increase has brought geopolitical risks in the Middle East back into focus, after months of conjecture about U.S. shale oil production and supplies.

“The price rise is likely to be short-lived but I’m sure traders will use it to take some profit as the world briefly remembers that the Middle East is volatile,” Richard Gorry, managing director of JBC Energy Asia, said on the sidelines of the Platts Oil Refining conference in Singapore.

He said he doesn’t expect the Saudi airstrikes to have a real impact on the availability of crude.

Dolphin mobilizes ‘Sanco Sword’ for Ophir (Myanmar)

Dolphin has just mobilised the ‘world’s largest floating object’ by deploying a seismic spread of 12 streamers, 7,050 meters in length with 150 meters streamer separation, off the coast of Myanmar for Ophir Energy Plc.

This configuration of equipment has a moving width of 1.850 meters and the seismic spread covers a total area of about 12 square km.

Bjarne Stavenes, Dolphin VP Technical, commented:“Ophir Energy PLC challenged the industry to provide a cost efficient solution to acquire their large 10,000 square km survey in Myanmar. Dolphin responded by offering this ultra-wide towing solution. After a swift mobilisation, Dolphin’s Sanco Sword is now in steady production with acquisition of about 150 square km in a single day. This is believed to be a world record for our industry and we expect Sword to become the benchmark vessel when it comes to productivity going forward.”

Dolphin is also delivering a complete Fast Track on-board processing system powered by its proprietary OpenCPS software, and Dolphin’s Singapore processing office will deliver complete high quality Pre-Stack Time Migrated (PSTM) SHarp Broadband dataset.

Sold my first lot for a 8p+ profit

running out of time on the T+20

How small companies have performed against each other during the last month

big drop on the oil price today, but share price is holding level of the last couple days

It seems there is some support around the 139p at the moment
very volatile at opening and usually with l weak prices till the buy in kick in the order book

OIL prices keep falling, as is share prices now
COMPARE

SINCE YESTERDAY'S INTRADAY LOW OF 133p, the share price has revovered, yesterday and again today on low volume.

Brent oil lost a lot of ground today, but since the market close is recovering fast again now $ 55.70

At 4.48pm, WTI crude was down 1.84% to $49.17/bbl, while Brent eased 3.24% to $55.25/bbl.

OIL PRICES

This morning
Brent added 1.3% to $55.65 a barrel, while US crude futures rose 1.8% to $50.02 a barrel.

Crude oil futures rallied after Saudi Arabia raised prices for sales to Asia, taking back some of their sharp losses marked before the holiday weekend after Thursday's preliminary agreement between Iran and global powers on Tehran's nuclear programme.

price well up at close
Brent up to $57.81 a barrel, while US crude futures rising to $51.89 at close

Share price rise to 141.90p and over 143p at one time, reflected yesterday's strong oil price

Breaking 145p as oil price had reached $58 once again

A strong rise today but by the amount oil price is rising now should be much better

moving over earlier highs and spiking

15.50pm crude oil traded at $53.30 a barrel and Brent at $58.90.

BREAKOUT