It feels like being back in the dark days of 2009 the way that oil shares are being hammered by the markets right now with Brent crude oil down yet another $1.5 to $68.5 this morning. Back in June Brent was selling for $113 a barrel!

If you’re a trader and you want volatility then you can’t get much more volatile than AIM listed Quindell. Last week its shares collapsed as low as 43p following news that Chairman Rob Terry and two other directors had resigned from the board after a botched share scheme with Equity First Holdings.

So it looks like OPEC are maintaining their daily output at 30 million barrels a day. Bad news for oil prices with Brent currently down $3 to $74.3 a barrel with WTI crude down $2.4 at $71.

Brent crude is up around half a dollar to $78.7 a barrel with the markets trying to figure out what will happen at tomorrow’s OPEC meeting in Vienna.

There was the surprising news today that BT Group are in talks to potentially acquire the O2 or EE business of Spanish company Telefonica.

After rumours of a cash crunch and an asset fire sale at Quindell the company was forced to issue a reassuring RNS yesterday that it had no current plans to sell its stake in Accident Repair Group. The shares fell as low as 42p on Wednesday, but bounced 30% yesterday on ARG clarification.

Shares in Salamander Energy, the South East Asia focused oil and gas explorer, fell 17% on Tuesday when it was announced that a consortium led by Cepsa were walking away from a possible deal.

Cloud Services Provider that has struggled with poor income and a high cost base in recent months. In mid September the company issued its first half results and they weren’t great reading with the promise of future rewards for patient investors.

Back in late October I wrote a piece about health and fitness accessory company, Fitbug Holdings (FITB) and its remarkable climb from 0.4p to as high as 7.5p as it announced distribution deals with Sainsbury and Target for its Fitbug wearable fitness devices…

After days of steep share price falls in Quindell, it was inevitable that board changes would be demanded by the institutions and last night Sky news confirmed that Chairman Rob Terry and two other directors would be departing the company after entering into a controversial share sale / purchase agreement with Equities First Holdings.