Brent closed last night at $73.05 down 1.69 and WTi closed at $65.54 down 0.68. What has the week bought us? Well if you're an Argentinian football fan then things are about to get very messi, if you're an England fan then guys, get your Panama hats at the ready for Sunday but what about the oil market? Well, week on week Brent is down about 4%, could have been a lot worse I suppose and at the time of writing Brent is up a buck to $74.05. Not bad. However, OPEC either got the dates wrong on their meeting, ("hang on a minute, who said anything about meeting on a Saturday?!! I’ve got a tee time booked for 2.15!!" (cried one OPEC minister), or they have pulled off a genius stroke by delaying an announcement which is bound to be of a bearish nature when the markets are shut. Dangerous game that however, it's like going to the pub when you KNOW if you do you will be in the dog house. We’ve all been there. Quite why we're roofing today is anyone's guess but this oil market is deep down a big cuddly teddy bear, even though it looks like a 22 stone cauliflower eared giant, people are claiming it is because of "Uncertainty around the OPEC output agreement". Pah, look I don't care who anyone in that room thinks they are, Saudi and Russia rule the roost and even though there may be some negotiating to be done, at the end of the day those 2 countries have a) taken it upon themselves really to lead at the front regarding compliance and b) have the ability to crank up production to 11 PDQ, regardless of what you might read to the contrary. The reason we are up this morning is because the market is going to come off later on when Vienna finishes eating fondant fancies and drinking that expensive coffee that odd cat makes in Indonesia, buy it in the morning, sell it in the afternoon. OPEC trading 101. Press conference scheduled for 1300 BST, so delay the pub until after that. Enjoy the weekend and COME ON ENGLANDDDDDDDAAAHHHH.