I think that was the bifurcation point. A lot of OPEC economies were starting to falter. Jonathan Barratt More Quotes by Jonathan Barratt More Quotes From Jonathan Barratt It seems the oil market is looking at Saudi Arabia's aggressive supply cuts and Chinese aggressive stimulus. Jonathan Barratt business Situation of a developing shortage might arise if the Sino-U.S. trade war goes away, the Chinese economy kicks into gear, Brexit is solved and the United States make good threats on Iran. Jonathan Barratt business Geopolitical issues in West Africa and the Middle East, supply outages, increased demand and maybe a touch of a weaker dollar have all helped push prices higher. Jonathan Barratt company-news It's hard to trade with the current volatility in oil prices, we've run up from $44 a barrel on economic growth and outages. Are we now at the top end? Does that mean at $49-$50 a barrel we'll get U.S. oil shale production starting up? Jonathan Barratt company-news There are two things. There has been a fantastic rise in prices so I think in the Asian time zone there's been a little bit of profit-taking, the second thing is that while we're waiting for more official inventory data, investors are thinking: 'Are prices warranted at these levels?'. Jonathan Barratt energy There's no reason for a freeze when oil is at $50 a barrel. If oil prices move back to $35 a barrel there'll be rhetoric and action for an output cap; at $50 a barrel there'll just be rhetoric. Jonathan Barratt energy Oil prices are at a level where OPEC countries are all struggling. They are selling oil for cashflow not for profit, u.S. producers are holding out, but I think they're bleeding as well. Jonathan Barratt business U.S. producers are holding out, but I think they're bleeding as well, looking at current prices, oil producers will engineer something to push prices higher. Jonathan Barratt business The market is taking the view that governments will not allow economies to falter. These expectations suggest more active economic development will force consumption to go up. Jonathan Barratt business If the (downward) trend continues it shows supply is being eaten into. Jonathan Barratt business It's all about the numbers, the market is taking the view that governments will not allow economies to falter. These expectations suggest more active economic development will force consumption to go up. Jonathan Barratt business The figures show nothing really concrete, although they err on the side of a little bit of weakness in the economy and the way is open for more stimulus. Jonathan Barratt most-read-articles Data from China should underpin a move to crude. Jonathan Barratt business If the figure is bearish then it means more stimulus. Jonathan Barratt business Any number should be supportive of oil prices and a reason for prices to hold up. Jonathan Barratt business It suggests again the world is awash with oil. Jonathan Barratt business I think any positive news will help. Maybe we'll see not as much volatility. Jonathan Barratt business (OPEC production cuts) would only come into play if there is a sustained fall in oil prices. Jonathan Barratt business I think the Japan and China PMI figures are weighing on the market. Jonathan Barratt business Traders would be quite happy to see the spread go out to $15-20, we have reached a real bifocal point for the market. We either enter a more bearish mood with a new low or it turns around and becomes a bit bullish. Jonathan Barratt energy
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 trend continues it shows supply is being eaten into.&media=https://whatsmyquote.com/images/quote-8c441913028c04830b83b61a973b995b.jpg){kind=link}
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 would only come into play if there is a sustained fall in oil prices.&media=https://whatsmyquote.com/images/quote-8a0a9aa454f57e2d470143b4fe4969c1.jpg){kind=link}
