Scotland’s Oil surging bullishly toward $100 per barrel

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From Bloomberg via Energy Voice, today:

‘As if the mood in the oil market wasn’t already bullish enough, Brent crude is giving traders another reminder of the days of $100 crude. Prices are headed for a fifth quarterly advance in London — the longest rally since June 2008. This historical echo comes as consumers are once again eyeing supply disruptions and worrying about the availability of backup supplies, just as they were a decade ago when the benchmark hit an all-time high above $147.’

https://www.energyvoice.com/marketinfo/182669/oil-looking-promising-as-it-makes-sustained-surge/

For more on expected revenue and taxation see:

As Scottish oil heads for $100pb will the UK Treasury tax this massive revenue?

And another prediction:

 

 

 

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