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Month: December 2016

The oil price has dominated the financial news over the last 48-hours as OPEC finally managed to reach a deal to limit production in an effort to eliminate the excess inventory sitting in storage. OPEC members were clearly backed into a corner with many economies struggling with high debt, low growth and quite simply, they needed a higher Oil price to avoid continuing economic hardship.

The market has been very active / interesting over recent days, culminating in a positive decision from OPEC last night which sent crude oil soaring over 8% – BHP is set to open up $1 this morning, even with a substantially weaker iron ore price overnight. This morning we are going to cover a few topics but predominantly the highly requested stops / exit strategies around our existing portfolio. We understand a number of you are shell-shocked after the collapse of Vocus (VOC) this week, a very uncomfortable move for all of us, however it’s no reason to panic and walk away from a successful strategy

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