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piscesmonkey Supreme	18-Dec-2020 08:15        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil prices rise, hit nine-month high on US stimulus progress 18 Dec 2020 06:19 [NEW YORK] Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a US fiscal stimulus deal and record-breaking refining demand in China and India. US lawmakers edged closer to agreement on a US$900 billion virus-relief spending package on Wednesday.
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yoga123 Elite	18-Dec-2020 02:04        yoga123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude Oil Hits New Highs on Weak Dollar, Deal Hopes https://www.investing.com/news/commodities-news/crude-oil-hits-new-highs-on-weak-dollar-deal-hopes-2371030 (Dec 17, 2020 11:21AM ET)   By Geoffrey Smith  Investing.com --  Crude oil prices rose to fresh nine-month highs on Thursday as the prospect of a stimulus package in the U.S. and a free trade deal between the EU and U.K. underpinned expectations of a more positive macro backdrop for the coming year. Prices were also supported by the further weakening of the dollar, which hit its lowest in over 2 1/2 years overnight. A weak dollar makes it cheaper for buyers in emerging markets, which are the fastest growing source of demand for oil. By 11:20 AM ET (1620 GMT),  U.S. crude  futures up 0.8% at $48.17 a barrel, having earlier hit an intraday high of $48.60, while  Brent  futures, the international benchmark, were up 0.6% at $51.38 a barrel. The market chose to look through another set of weak labor market data from the U.S., with another 885,000 Americans filing initial claims for jobless benefits last week. Wednesday&rsquo s retail sales report had indicated that rising layoffs had started to affect household spending, with sales falling for the first time in six months. There were, however, stronger data from the housing market, where housing starts hit a nine-month high, reinforcing hopes that demand for diesel at least will outlast the peak delivery season for online shopping. The market has been in positive mood since the U.S. government&rsquo s inventory data contradicted the American Petroleum Institute&rsquo s assessment of national oil stocks. The Energy Information Administration said U.S. crude stockpiles fell by over 3 million barrels last week, while the API had said they rose by as much. The biggest factor underpinning hopes for 2021 demand remains the distribution of vaccines that will allow a speedy return to normal behavior by businesses and households. The U.S. Food and Drug Administration&rsquo s advisory panel is set to recommend Moderna&rsquo s vaccine for emergency use authorization later, adding to its already existing authorization for the Pfizer-BioNTech jab. However, analysts warn that distribution issues will ensure that the impact on oil only comes with a delay. &ldquo Restrictions will remain in place, leaving the market with a precarious situation in the first quarter,&rdquo said Rystad Energy&rsquo s Bjornar Tonhaugen in emailed comments. &ldquo OPEC+ will decide on Jan 4 whether it can continue to increase production by 500,000 bpd also in February, and it looks now as if they may need to hold somewhat back to not derail the market recovery.&rdquo
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TANPK123 Elite	17-Dec-2020 18:32        TANPK123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any chance go 30cent ? Fluffyclouds      ( Date: 17-Dec-2020 16:58) Posted: Rex confirm bullish with the increase. Not alot but a step to the target price! DDYOD
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tth1311 Member	17-Dec-2020 18:21        tth1311 About Contact  Quote this Post!
x 0   x 0  Alert Admin	oil shooting up USD48
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piscesmonkey Supreme	17-Dec-2020 17:20        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tmr should break 155 liao😁 Fluffyclouds      ( Date: 17-Dec-2020 16:58) Posted: Rex confirm bullish with the increase. Not alot but a step to the target price! DDYOD
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Fluffyclouds Master	17-Dec-2020 16:58        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Rex confirm bullish with the increase. Not alot but a step to the target price! DDYOD
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satruz Master	17-Dec-2020 16:25        satruz About Contact  Quote this Post!
x 0   x 0  Alert Admin	trader1970      ( Date: 17-Dec-2020 16:22) Posted: Get ready for the breakout....155 :) then to 160...:) Dynamic to follow suit,,,, piscesmonkey      ( Date: 17-Dec-2020 16:19) Posted: Break 155 going see 16
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trader1970 Elite	17-Dec-2020 16:22        trader1970 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Get ready for the breakout....155 :) then to 160...:) Dynamic to follow suit,,,, piscesmonkey      ( Date: 17-Dec-2020 16:19) Posted: Break 155 going see 160 piscesmonkey      ( Date: 17-Dec-2020 16:02) Posted: Wow oil keep up. Rex going keep up. Santa rally lai liao
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piscesmonkey Supreme	17-Dec-2020 16:19        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Break 155 going see 160 piscesmonkey      ( Date: 17-Dec-2020 16:02) Posted: Wow oil keep up. Rex going keep up. Santa rally lai liao
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piscesmonkey Supreme	17-Dec-2020 16:02        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow oil keep up. Rex going keep up. Santa rally lai liao
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papayaface Supreme	17-Dec-2020 15:20        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Oil price still going up today. Keep watch. Good luck trader1970      ( Date: 17-Dec-2020 14:33) Posted: yes, once break 155 , all the way to 160 later.. :) get ready piscesmonkey      ( Date: 17-Dec-2020 14:30) Posted: Lai liao
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maccer Master	17-Dec-2020 14:47        maccer About Contact  Quote this Post!
x 0   x 0  Alert Admin	真 的 吗 piscesmonkey      ( Date: 17-Dec-2020 14:35) Posted: Then above 160 😁 trader1970      ( Date: 17-Dec-2020 14:33) Posted: yes, once break 155 , all the way to 160 later.. :) get read
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piscesmonkey Supreme	17-Dec-2020 14:35        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then above 160 😁 trader1970      ( Date: 17-Dec-2020 14:33) Posted: yes, once break 155 , all the way to 160 later.. :) get ready piscesmonkey      ( Date: 17-Dec-2020 14:30) Posted: Lai liao
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trader1970 Elite	17-Dec-2020 14:33        trader1970 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes, once break 155 , all the way to 160 later.. :) get ready piscesmonkey      ( Date: 17-Dec-2020 14:30) Posted: Lai liao
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piscesmonkey Supreme	17-Dec-2020 14:30        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lai liao
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makdatok Supreme	17-Dec-2020 14:26        makdatok About Contact  Quote this Post!
x 0   x 0  Alert Admin	There u go!!...up up!!!
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piscesmonkey Supreme	17-Dec-2020 14:06        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look like going up soon. Since dyna mac also go up 10pips. Rex still sleeping
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benjidog Supreme	17-Dec-2020 12:33        benjidog About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aiyah...expect overall loss for FY 2020 lah... Afterall 2020 is Covid year...small loss is ok, given that Brent was under USD45 for the most part of 2020. Manage expectations Its 2021 that should keep your eye on It is not coincidence that price this last part of Dec is at 15 cents mark. Sometime ago....i said if buy anuthing below 145 is ok...should be good or so good for you. Now...i am proven right. We all have different timelines...so different prople see things differently. If brought below 145, you likely sold for Short term gains or holding for 17 / 18 range. If buy now at this 15 range, can hold for longer. USA President needs January 2021 then start office. Exoect oil prices to move upwards. Hope commodity boom
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SCL1961 Senior	17-Dec-2020 12:12        SCL1961 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rex own 86.32% of Oman Blk 50. That's to say, 2020 full year report may be a minor lost unless there is divestment in Norway licence.. My new calculation at average@$45 per barrel are : 86.32% of total sales - (1H lost + 3Q expenses + 4Q projected expenses + others) = result for full year. But 2021 will be a promising year with more output from Yumna. Bonus if oil price shoot up high high + new discovery at the wildcat oil well + divestment in Norway. The ups and downs of oil price is unprediction but no matter how, Rex will definitely have good profit in 2021.@ Hope we can gain big big in 2021. Cheers blesskeemun      ( Date: 17-Dec-2020 10:37) Posted: 2020 2H Oman Oil Revenue (1ST Well)   2021 Oman Oil Revenue (1st 2nd  well)     2022  Oman Oil Revenue (1st 2nd and 3rd well) 184 days x 8,000 bpd x US$45 = US$66.24mil   365 days x 16,000 bpd x US$55 = US$321.20mil   365 days x 24,000 bpd x US$65 = US$569.40mil                                 2020 2H Oman Oil Production Cost     2021 Oman Oil Production Cost     2022  Oman Oil Production Cost   184 days x US$80,000 = US$14.72mil     365 days x US$160,000 = US$58.40mil     365 days x US$240,000 = US$87.60mil                                   2020 2H Gross Profit of Oman Oil     2021 Gross Profit of Oman Oil       2022  Gross Profit of Oman Oil     US$66.24mil - US$14.72mil = US$51.52mil   US$321.20mil - US$58.40mil = US$262.80mil   US$569.40mil- -US$87.60mil = US$481.80mil
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piscesmonkey Supreme	17-Dec-2020 11:00        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brent oil $51.66 up + 1.2% shiok ah
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