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https://www.businesstimes.com.sg/energy-commodities/oil-hits-five-month-highs-as-us-producers-cut-output-ahead-of-hurricane?utm_medium=social-organic&utm_source=Facebook#Echobox=1598393793
US Going to run out of oil?
U.S. oil stockpiles declined for a fifth-straight week as American producers braced for the onslaught of Hurricane Laura.
U.S. crude inventories fell by 4.5 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of 4.3 million barrels the previous week.
The weekly draw has surpassed expectations since late July as traders gauge demand as a sign that businesses are returning to health after Covid-related shutdowns.
West Texas Intermediate, the U.S. benchmark for oil, was up 1.8% after settling 1.6% higher at $43.31 a barrel on Tuesday. Oil prices were supported by expectations for lower crude production as drillers and refiners along the U.S. Gulf Coast shut-in operations in advance of a one-two punch of storms.
Tropical Storm Marco petered out after making landfall on Monday near the mouth of the Mississippi River. But right behind him, Laura strengthened to a category 1 hurricane and is expected to gain even more power before making landfall on the Louisiana to Texas coastline in the next day or so.
Haha tomoroow need to buy at 168 liao. I got more at 164. 🤑 🤑 🤑
makdatok ( Date: 25-Aug-2020 23:31) Posted:
Wti shot back up above 43...kah kah kah
stockshort ( Date: 25-Aug-2020 22:36) Posted:
| once you appear wti crash below 43 agai |
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Wti shot back up above 43...kah kah kah
stockshort ( Date: 25-Aug-2020 22:36) Posted:
once you appear wti crash below 43 again
makdatok ( Date: 25-Aug-2020 21:15) Posted:
| Waaa..wti breaks 43...43.44 atm....sweee ahhh |
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Drop 1 dollar nia, steady la. Tomorrow remember to monitir rex.
stockshort ( Date: 25-Aug-2020 22:36) Posted:
once you appear wti crash below 43 again
makdatok ( Date: 25-Aug-2020 21:15) Posted:
| Waaa..wti breaks 43...43.44 atm....sweee ahhh |
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once you appear wti crash below 43 again
makdatok ( Date: 25-Aug-2020 21:15) Posted:
| Waaa..wti breaks 43...43.44 atm....sweee ahhh |
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Haha, everyday u come here scold. Okok tomorrow i push. I think its time for some oil action
stockshort ( Date: 25-Aug-2020 22:35) Posted:
cheong down! garbage stock
allinalltheway ( Date: 25-Aug-2020 22:31) Posted:
| Every week also chiong chiong but words chiong price no chion |
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cheong down! garbage stock
allinalltheway ( Date: 25-Aug-2020 22:31) Posted:
Every week also chiong chiong but words chiong price no chiong
guards80 ( Date: 25-Aug-2020 21:32) Posted:
| Trade talk positive make oil chiong up |
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Every week also chiong chiong but words chiong price no chiong
guards80 ( Date: 25-Aug-2020 21:32) Posted:
| Trade talk positive make oil chiong up |
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hahahaah funny oil cant even hold wti 43 below again brent 46 below again future is blewak
Trade talk positive make oil chiong up
Waaa..wti breaks 43...43.44 atm....sweee ahhh
Soon. Medical resting. Oil counters play coming
Can rex still can survive? Been many wave... what is going on.....
2H20 result may look like this: 8000 barrel X $44 (average price) X 182 days - ($80 000 + loss in 1H20 + expenses in 2H20). Any additional income will come from increase in oil price or sale of Norway license. 2021 should be very positive as long as oil price stabilised at $45.
makdatok ( Date: 25-Aug-2020 19:44) Posted:
| Wti couldnt break 43 since march...It tried for week upon week but still unsuccessful...becomes psycological berrier,effecting brent too |
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* since june
Wti couldnt break 43 since march...It tried for week upon week but still unsuccessful...becomes psycological berrier,effecting brent too
Unlrss crash below 30. If not we will see positive returns of rex.
Not wrong to say Brent but rightfully it should be Oman Crude Oil. Presently, it's$45.24 now. :-)
makdatok ( Date: 25-Aug-2020 19:35) Posted:
Both...But more on brent..
SAVIORFOREVER ( Date: 25-Aug-2020 19:27) Posted:
Rex is based on WTI or Brent crude?
Trade with ? and DYODD |
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Both...But more on brent..
SAVIORFOREVER ( Date: 25-Aug-2020 19:27) Posted:
Rex is based on WTI or Brent crude?
Trade with ? and DYODD
makdatok ( Date: 25-Aug-2020 19:20) Posted:
| If crude can reach n stay above 43 then Rex got chance tmr...wink3 |
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