I created this blog as a platform to discuss the trading of UK oil shares. I would like to hear from other people interested in shares like VPC, BUR, DNX,BP and TLW etc. Oil managed to close over the psychologically important level of 55$ on Friday so we should see a bounce in the shares in trading on Monday the 28 Jan. The oil price was supported by the announcement to increase the SPR (strategic petroleum reserve) and the cold weather in the US last week. However, the oil price is looking volatile. Last week, we saw gains in the oil price of 2% during UK trading only for the gains to be reversed and oil to end sessions lower. Traders don't seem to be convinced by the recent strength in the oil price. Share price gains seem to be capped and rallies are being sold. Oil may trade between 53 to 56 on the back of this cold weather for the next few weeks. However, when the cold weather lifts we may see the bears take control again and set up another attack on 50$. Inventories in the US are still climbing and it seems that there may be a quiet period from the end of winter to the start of the driving season that would give the bears the ammo they require. I would like to use this blog as a tool to help investors dissect the market and to assertain what is moving the market and the share price of their chose UK oil stock.