In Which Alphaville's Bryce Elder Looks At Oil, Relays SocGen's Thoughts and Directs Us To An Oil Liveblog
Mr. Elder must have the patience of—I'm not sure.
I was going to write Job but Bryce has put up with more technical issues than Job ever imagined.
From FT Alphaville's Markets Live (Those Rabble on the Right comments that got through omitted):
BE Morning.
BE I've a suspicion this might not be working today. Bits of the website seem to be falling over.
BE Perhaps there was a drone attack by unidentified forces on the Nikkei-backed FT server facility.
BE Anyway. Today we're all experts in [spins the roulette wheel] oil.
BE There's an oil liveblog which currently looks like this:
BE Stock
market response is as you'd expect and not particularly dramatic, as
temporary disruption is really only worth a quarter of a turn in either
direction.
Royal Dutch Shell PLC (RDSB:LSE): Last: 2,346, up 66.5 (+2.92%), High: 2,357, Low: 2,337, Volume: 1.67m
BP PLC (BP.:LSE): Last: 524.41, up 20.01 (+3.97%), High: 528.00, Low: 520.90, Volume: 16.11m
BE We'll head into hedging policies and that kind of junk in a bit. First, the overview.
BE (@andyalan10: as in, 0.25 of annual however it's valued. So, a PE of 10 is now worth a PE of 10.25 or 9.75)
BE Here's SocGen.
BEGlobal
oil prices are feeling the impact of the attack more intensely than
those in the U.S., where the benchmark is slightly buffered by being
delivered to a land-locked oil hub in Oklahoma.....