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Let s talk oil.
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victortan
Elite |
18-Feb-2016 16:03
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Hearsay people dont go far, I say if tonite oil 33$ it wiwll go 40$ fast. early March. |
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jazzietan
Veteran |
18-Feb-2016 10:29
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My mistake. Now they say even cut no difference leh wahaha...they reallymake my toes laugh sia. Then they expect price to go even lower or stagnant when really cut? Jokers
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jazzietan
Veteran |
18-Feb-2016 10:25
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Now GS say so called deal wont be realized. The more they negative, better. I think they will say positive when wti hit $50 and they collected tons cheaply haha | ||||
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victortan
Elite |
18-Feb-2016 10:03
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If you trade or long better to hv stop loss, and take profit or half profit when hit tg, dont be greedy, Korea peninsula is boiling, anytime all run road,LOL syria another, worse both boil at same time. we dies. |
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victortan
Elite |
18-Feb-2016 09:21
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I think oil is more or less bottom at 25 there about. if it go pass 35$ then it is confirm to go higher, and 26$ is the last kiss goodbye. Hope so. |
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jazzietan
Veteran |
18-Feb-2016 07:53
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Hope more file for bankruptcies
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Observers
Elite |
18-Feb-2016 07:45
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Saudi and Russia production freeze indicates ceasefire, Iran still ramping up after sanctions. So where did this 3.3m barrel drop come from? I guess these high cost producers finally ran out of funding and creditors ask them to shut their wells.
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jazzietan
Veteran |
18-Feb-2016 07:22
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Honestly gd sign, ay least wti going stable. But at $31 wtf, still loe...shld be at least $36-$38 now. Now, smart pple know matter of time oil shoot up once rebalance...unless all oil nations say bad things else no way $25 liao. Last nite pre market uwti was $1.61 highest, but open $1.50-1.51...just hoot alot at $1.51
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earlybird14
Supreme |
18-Feb-2016 07:01
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My assumption is present oil price cause oil sand low quality oil can only sell at 12 dollar. This may be causing us import drop from canada. Plus oil storage is almost full, us may not want to store low quality oil anymore.
World report show oil consumption growing even economic slow down. Market neglect 1 thing too. When thing get cheaper, people will naturally consume more or waste it. In fact, ships are not longer running low speed to reduce fuel, they run normal speed. Cheaper cost to take flight and people tend to buy high cc new vehicles. Europe oil consumption increase in past 6 months are typical example. All these are accelerating and hardly brake, once demand balance. Russia and opec are cooperation. 2-3 year later nobody will increase production and cause oil spike. Oil is monopoly.
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earlybird14
Supreme |
18-Feb-2016 06:52
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Looking forward to see eia data about import and production data. This can tell if the production of high cost oil are dropping or not from us shale oil and canada close to 3mio oil sand production.
If both drop, plus opec and non opec freeze supply growth, oil price will shoot.
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yNotcool
Member |
18-Feb-2016 06:50
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production freeze dont translate into inventory drop so fast. better to see EIA report tonight then to wholly trust api. Further more the $1+ spike in crude oil came in at the last 30mins before us market closes. what does it suggest? got profit may just want to take partially as money first. afterall like all bros here said. money in the pocket feels safer nowaday
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Lucky03
Elite |
18-Feb-2016 06:39
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Feb 17 API reports showed a drop of 3.3m barrels instead of the forecasted increase of 3m barrels !!!
Looks like the Saudi strategy of freeze instead of production cut will be sufficient to stabilize and raise oil prices afterall !
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Lucky03
Elite |
18-Feb-2016 06:33
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Crude powered to US$31.37 !!!! | ||||
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makdatok
Supreme |
18-Feb-2016 01:57
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Once digested,freeze news will b taken as good news...1st step of stabilising oil px..no rise but demand continue to rise,its a gd thing.US shale production will also SURELY fall gradually as time pass... .expect many step to b taken by oil major countries n px will follows in tandem..
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victortan
Elite |
18-Feb-2016 01:22
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other mkt their O n G chiong liao, next will be ours turn at SGX. hope so. |
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victortan
Elite |
18-Feb-2016 01:21
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Heng ah, bo cut, still on and in the profit, haut ahh, hope to take profit soon,
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victortan
Elite |
18-Feb-2016 01:19
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inflation adjusted for oil even if there is no demand is 40$. this is what iread at cnbc.
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Lucky03
Elite |
18-Feb-2016 00:18
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Oil rises after Iran welcomes drive for output freeze
Reuters 11 mins ago By Ron Bousso LONDON (Reuters) - Oil prices rose by more than 5 percent to climb above $34 a barrel on Wednesday after Iran voiced its support for an initiative led by Russia and Saudi Arabia to freeze production to boost prices. Iranian Oil Minister Bijan Zanganeh met counterparts from Venezuela, Iraq and Qatar in Tehran for over two hours, after which he welcomed the initiative to set a "ceiling" as a first step towards stabilising the market. Zanganeh, quoted by the Shana news agency, did not explicitly say that Iran would keep its own output at January's levels. An Iranian official earlier said that the country would continue increasing crude output until it reached levels achieved before the imposition of international sanctions. "Asking Iran to freeze its oil production level is illogical," Iran's OPEC envoy Mehdi Asali was quoted as saying by the Shargh newspaper. A freeze in production from January's near-record levels would do little to relieve the glut, analysts said. "The market needs a cut, not a production freeze," PVM analyst David Hufton said. Brent crude (LCOc1) was up $1.92 at $34.08 a barrel by 1556 GMT. U.S. crude (CLc1) rose $1.50 to $30.54. Under a proposal that could lead to the first global oil production deal in 15 years, major producers including Russia and Saudi Arabia would freeze output at January levels, though Riyadh said on Tuesday that the deal depended on the cooperation of other big producers. Iran, the Organization of the Petroleum Exporting Countries' fourth-largest producer, might be offered an exception as it seeks to ramp up production after last month's removal of sanctions over its nuclear programme, said Ildar Davletshin, analyst at Renaissance Capital. Moves to freeze output at January levels will make little difference to the overall supply-demand balance this year and not be enough to clear the 600,000 barrels per day surplus projected for the year, analysts at FGE said in a note. "It could pave the way for further action to be taken should the likes of Saudi Arabia, other OPEC members and Russia deem it necessary," FGE said. Still, a deal would signal a change in Saudi Arabia's stance. "The deal doesn't add much to rebalance the market, but it is still important that the parties talk. The Saudis are no longer saying they are fighting for market share but that they are ready to discuss a deal," Davletshin said. Investors are also eyeing U.S. oil inventory data later on Wednesday and on Thursday for further direction on prices, with a poll of analysts forecasting a gain of 3.9 million barrels in crude oil stocks last week. [EIA/S] |
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nyde1d1th
Veteran |
18-Feb-2016 00:05
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strange indeed no production cut still rally.... |
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makdatok
Supreme |
17-Feb-2016 23:59
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Shortsqueeze happening in steady manner..ehem | ||||
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