Perhaps the end is in sight in Libya, although we can't be certain on that. Anyhow the price of Brent Crude has dropped to around $103-104 per barrell and I've decided to sell at 0.20 stake on Market Spreads - which effectively means I'll gain/lose €20 for every dollar fall/rise.
The International Energy Agency has announced a release of 60 million barrels from reserves so that has eased demand somewhat.
I sold Brent Crude Oil this morning at $103.49 and at the moment, I'm showing a loss of about fifteen quid. I've a stop loss in place around $112.
It will be interesting to follow this one over the next couple of weeks I reckon.
Current open trade, plus the Brend Crude Oil weekly chart:
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