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2018-10-28 23:30 | Report Abuse
2018-10-24 21:36 | Report Abuse
Those panic sellers would cry tomorrow.haha
2018-10-24 12:49 | Report Abuse
SINGAPORE (Reuters) - Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions starting next month on Iran's petroleum exports.
Front-month Brent crude oil futures (LCOc1) were at $76.72 a barrel at 0320 GMT, 28 cents, or 0.4 percent, above their last close.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $66.66 a barrel, up 23 cents, or 0.4 percent, from their last settlement.
That came after Brent closed down 4.3 percent and WTI 4 percent in the previous session.
Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh on Tuesday that despite expected supply disruptions from U.S. sanctions against Iran that kick in from Nov. 4, Saudi Arabia would step up to "meet any demand that materialises to ensure customers are satisfied".
"Oil prices fell substantially ... as Saudi Arabia released assurances it could supply more to the global market," Australia's Rivkin Securities said.
Despite the slump, analysts said markets remained tight because of the looming sanctions.
"We still see Brent reaching $85 per barrel by year-end," said U.S. bank Morgan Stanley.
Into 2019, however, the broader economic outlook could be darkening.
China's state planner said on Wednesday it would step up financial support for regions most hit by the ongoing trade war between Washington and Beijing in which both sides have slapped import tariffs on hundreds of goods.
Meanwhile, South Korea's KOSPI-100 equity index <.KS100> has now fallen by nearly 19 percent over the past year, the fastest rate of decline since the financial crisis of 2008/09.
The KOSPI-100 has typically correlated closely with growth in international trade, given the South Korean economy's strong orientation towards exports.
2018-10-24 12:48 | Report Abuse
SINGAPORE (Reuters) - Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions starting next month on Iran's petroleum exports.
Front-month Brent crude oil futures (LCOc1) were at $76.72 a barrel at 0320 GMT, 28 cents, or 0.4 percent, above their last close.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $66.66 a barrel, up 23 cents, or 0.4 percent, from their last settlement.
That came after Brent closed down 4.3 percent and WTI 4 percent in the previous session.
Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh on Tuesday that despite expected supply disruptions from U.S. sanctions against Iran that kick in from Nov. 4, Saudi Arabia would step up to "meet any demand that materialises to ensure customers are satisfied".
"Oil prices fell substantially ... as Saudi Arabia released assurances it could supply more to the global market," Australia's Rivkin Securities said.
Despite the slump, analysts said markets remained tight because of the looming sanctions.
"We still see Brent reaching $85 per barrel by year-end," said U.S. bank Morgan Stanley.
Into 2019, however, the broader economic outlook could be darkening.
China's state planner said on Wednesday it would step up financial support for regions most hit by the ongoing trade war between Washington and Beijing in which both sides have slapped import tariffs on hundreds of goods.
Meanwhile, South Korea's KOSPI-100 equity index <.KS100> has now fallen by nearly 19 percent over the past year, the fastest rate of decline since the financial crisis of 2008/09.
The KOSPI-100 has typically correlated closely with growth in international trade, given the South Korean economy's strong orientation towards exports.
2018-10-24 11:03 | Report Abuse
oil keep climbing, grab it before reach up!!!
2018-10-23 17:05 | Report Abuse
2moro sure up, cz today down so much
2018-10-23 09:29 | Report Abuse
may decide whether oil takes another run at $100 a barrel
Libya and Nigeria are heading into high-stakes elections that could usher in a period of instability and disrupt oil supplies.Outages in the two OPEC nations would make it harder for the cartel to compensate for the loss of supply from Iran and Venezuela.
2018-10-20 21:32 | Report Abuse
dun sell when it is low, sell when it is high
Stock: [EKOVEST]: EKOVEST BHD
2018-10-29 20:20 | Report Abuse
8877 EKOVEST EKOVEST BHDFirst and Final Single Tier Dividend of 1 senEntitlement Details:First and Final Single Tier Dividend of 1 sen per shareEntitlement Type:First