The market and the Greek effect -Everytime doubt is cast over whether or not Greece will be bailed out the market takes a wobbly.
But surely the bottom line is that the EU simply cannot afford a member state to fail as the ramifications are unthinkable. ERGO - it will NOT happen.
On another topic - yes it is good that BNK base their metrics on Brent crude and - its not the only positive either.
As we know Bankers produces heavy oil and there is good news there too. Heavy oil is discounted to the Brent price yes - BUT the increased requirement for heavy oil over the last year or so has closed the discount in BNK's favour - so both aspects are a win for us.
GLA