Wti at $52.52/barrel
Brent at $55.43/barrel

“Oil markets are back in bullish mode after the setback of the previous weeks. This news flow seems to bring geopolitical risks back on the radar,” said Frank Klumpp, oil analyst at Landesbank Baden-Wuerttemberg, based in Stuttgart, Germany.

Although Syria has limited oil production, its location and alliances with big oil producers in the region mean any escalation of the conflict has the potential to increase supply-side fears.

Oil pared some of the gains later in the session as concerns about an escalation faded and U.S. economic data weighed on global markets, according to Reuters.

Other analysts Reuters spoke with, said the conflict in Syria had no bearing on oil fundamentals and the political risk premium could fall as quickly as it had appeared.

“This might just be a speculative move higher because there’s nothing fundamental that’s supporting this rise,” said Hamza Khan, head of commodities strategy at ING.

Nevertheless, oil futures had been on the rise in previous sessions on signs of higher U.S. demand and lower product inventories.

Alam Maritim Resources Bhd was awarded an RM34.0 mln contract to provide offshore construction subcontract work for a floating production, storage and offloading unit called Perisai Kamelia.
The contract includes demobilisation works worth RM34.0 mln with an additional scope for water treatment at provisional sum of RM1.0 mln.
Perisai Kamelia is owned by Perisai Petroleum Teknologi Bhd and is now operating in the North Malaysia Basin, offshore Peninsular Malaysia, until 31st May this year under an extended charter to Hess Exploration and Production Malaysia B.V. and Larizz Petroleum Services Sdn Bhd. (The Star Online)

People cry because already sold out their share, on the same time oil price up and share price shooting up.

When oil price up to $60 and above, all people here cry. Why?

FINANCIALS | Sun Apr 9, 2017 | 1:28am EDT
MIDEAST STOCKS-Gulf may follow oil prices up in wake of U.S. Syria attack

Stock markets in the Gulf may edge higher on Sunday as crude oil traded to an almost one-month high in the wake of a U.S. missile strike on a Syrian air base.

For the week, crude closed up about 3 percent. U.S. crude settled 54 cents higher at $52.24 a barrel and Brent rose 35 cents to settle at $55.24.

That was after U.S. President Donald Trump on April 7 took the toughest U.S. action in Syria's six-year-old civil war, a move that fuelled geopolitical uncertainty in the Middle East.

Gulf shares were mixed on Thursday as investors remained cautious ahead of companies reporting first-quarter results.

At the close, the Dubai Financial Market General Index was down 0.19 percent.

Saudi Arabian stocks rose as investors showed confidence in the kingdom's efforts to gain inclusion into MSCI's emerging markets index. The Saudi Tadawul All-Share Index rose 0.35 percent.

In Saudi Arabia, shares of Bank Alinma will go ex-dividend on Sunday, as will shares of Saudi Real Estate . (Reporting by Tom Arnold)

Crude oil, gold prices surge after US missile strike on Syria
Upbeat US employment data may boost Fed rate speculation
Commodities vulnerable if Trump, Xi find common ground
Crude oil prices surged to a one-month high after an unexpected US airstrike against Syria stoked worries about regional supply disruption. The move built on yesterday’s gains that saw the WTI benchmark marching higher alongside the S&P 500, hinting a generally risk-on mood offered support for the cycle-sensitive commodity.

Looking ahead, the on-going meeting between US and Chinese Presidents Donald Trump and Xi Jinping remains a potent catalyst. As noted previously, signs of emerging common ground may be interpreted to mean US crude oil will flow interrupted to its biggest export market, capping price gains.


Gold prices surged as news of the Syria strike crossed the wires but the metal has been conspicuously unable to hold above critical chart resistance (see below). The March set of US employment figures is now in focus. A payrolls gain of 180k is expected, marking the smallest increase in three months.

US data flow has tended to outperform relative to forecasts in recent months, hinting that analysts are underestimating the economy’s vigor and opening the door for an upside surprise. Such an outcome may stoke Fed rate hike speculation, pressuring gold prices downward.

The Trump/Xi meeting is also an important consideration. A seemingly cordial outing may cool worries about the destabilizing impact of a rift between the world’s top-two economies. That would help clear a path for continued Fed tightening, helping to pull the metal lower.

What will drive commodity prices next week? Join our outlook webinar and find out!

GOLD TECHNICAL ANALYSIS – Gold prices continue to push up against trend-defining resistance in the 1263.87-65.66 area (February swing high, trend line, 50% Fibonacci expansion). A daily close above this barrier initially exposes the 61.8% level at 1282.31. Alternatively, a turn below the 1241.20-49.01 zone (former resistance, 38.2% Fib) targets 1218.90, an inflection point in play since mid-January.

Get ready for pumped up prices! Here's why RBC's Helima Croft says crude could surge nearly 20% within months
Stephanie Landsman | @stephlandsman
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CNBC.com
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Crude prices to grind higher: RBC Crude prices to grind higher: RBC
Thursday, 6 Apr 2017 | 2:45 PM ET | 01:38
Get ready to open up your wallet a lot wider at the gas pump.

A major Wall Street bank is reiterating its bullish call on crude oil, as the fossil fuel sits at four week highs following this week's U.S. missile attack on Syria.

RBC Capital Markets Head of Commodity Strategy and CNBC Contributor Helima Croft predicts prices will climb to the low $60s within months — a nearly 20 percent move from current levels. That would translate to roughly a $1.80 gasoline spot price.

"We see it grinding higher over the back half of the year," Croft told "Futures Now," recently. "We're coming out of refinery maintenance season. So, we're going to start to see draws of the U.S. inventory. Those high U.S. inventory numbers have really been depressing prices."

Summer driving season will also give prices a "boost," and demand won't fall anytime soon, according to Croft.

Crude initially jumped two percent in reaction to U.S. airstrikes on Syria before giving back some gains. The commodity settled up one percent on Friday to $52.24 a barrel, its highest settle in a month. However, crude is still down nearly three percent so far this year.

The latest activity overseas isn't moving the needle on Croft's oil forecast... yet.

She said there's no real immediate supply disruption threat, since Syria's six-year-old civil war has moved the majority of local production offline.

However, she pointed out a few wildcards, which include potential new strains between Russia and the Sunni Arab Gulf Cooperation Council (GCC) states, and whether the U.S. strikes could give hardline candidates a lift in Iran's presidential election in May. These situation could also propel prices higher.

In a research note out Friday, Croft wrote, "If these strikes are not followed up by a serious effort to oust the Syrian leader [Bashar Assad], none of these scenarios may materialize and the oil implications will remain negligible. However, given that President Trump had previously signaled deep disdain for humanitarian interventions and Middle Eastern military engagements, we are now in uncharted waters...."

Nearer term, Croft lists OPEC as a key factor in the direction of oil prices. She believes OPEC's next meeting on May 25 could have more immediate impact.

"We see that 1.8 million barrel a day OPEC, Non-OPEC coordinated cut. We see them rolling that over for another six months. That's why we are constructive going into the back half of the year," she said.

Affraid of pn17 company, go for psiptek.

China FX reserves stay above $3 trillion after small March rise
BEIJING: China´s foreign exchange reserves stayed above $3 trillion in March, during which a pause in the dollar´s rally aided Beijing´s efforts to contain capital outflows.

Reserves rose $3.96 billion during March - less than the $5 billion predicted in a Reuters poll - to total $3.009 trillion, compared with $3.005 trillion at the end of February.

In January, reserves slipped below $3 trillion for the first time in nearly six years, but in February they moved back above that line with their first rise in eight months.

The March increase marks the first time reserves had increased two consecutive months since April 2016.Julian Evans-Pritchard of Capital Economics said the way reserves were broadly stable in March "suggests that the recent easing of capital outflows has allowed the People´s Bank of China to step back from FX intervention".

"The obvious follow-up question is whether this halt to official intervention is a temporary phenomenon or a more permanent shift," he wrote in a note.

"Our hunch is that it will be temporary," asserting that the key factor in curtailing outflows was the pause in dollar appreciation rather than tighter capital controls.

China´s foreign-exchange regulator, in a statement on its website on Friday, said pressure on capital outflows eased somewhat in the first quarter.

Forex reserves are expected to further stabilise, the regulator said, adding that the monthly change in reserves´ total is also stabilising.

The March reserves data came out as Chinese President Xi Jinping is meeting with U.S. President Donald Trump in Florida, and one week before a U.S. Treasury´s currency report - which could label trading partners as currency manipulators - is due.

Xi urged cooperation with the United States on trade and investment.

China´s State Administration of Foreign Exchange (SAFE), the regulator, said last week that pressure from capital outflows eased somewhat in 2016 and there will be greater flexibility in the yuan´s exchange rate in 2017.

The regulator also said that authorities will take measures to attract capital inflows this year.

In February, China´s central bank sold the smallest amount of foreign exchange in nine months, supporting the government´s assertions that capital outflows were easing amid tighter scrutiny of cross-border flows.

China has tightened rules on moving capital outside the country in recent months as it seeks to support the yuan currency and stem a slide in reserves.

It burned through nearly $320 billion of reserves last year but the yuan still fell about 6.5 percent against the dollar, its biggest annual drop since 1994.In recent weeks, the yuan has been steady against the dollar.

However, the meeting between U.S. President Donald Trump and Chinese President Xi Jinping is expected to have an impact on yuan´s value in the medium term.

Gold reserves value fell to $73.74 billion at the end of March, from $74.376 billion at end-February, data published on the People´s Bank of China website also showed.

Recent remarks by senior government officials seem to indicate that China is not firm in keeping its reserves above the $3 trillion mark, but prefers a gradual drop.

China does not have a "bottom line" for either the yuan exchange rate against the dollar or foreign exchange reserves, a senior PBOC official told Reuters in March.

Trump had said during the U.S. election campaign that he would declare China a currency manipulator on his first day in office.

But now foreign exchange policy experts say that the Trump administration looks unlikely to formally declare China a currency manipulator shortly after the U.S. leader meets Xi.



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International commodity markets are always cagey about tensions in the Middle East, for its implications for crude prices. America’s missile strikes against Syria last night have rattled global commodity markets. Oil prices have jumped. But what does increased volatility in global crude prices mean for India, a nation which imports 80% of its oil, mostly from the Middle East?
President Donald Trump’s administration launched 59 Tomahawk Cruise missiles at Syria, in reaction to a chemical attack, allegedly by Bashar Assad’s regime, in the town of Khan Seikun in rebel-held territory, which killed more than 70 people, including women and children.

See oil and gas counter uptrend after Brent up such as perisai. Volume very high.

By Henning Gloystein | SINGAPORE
Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, later dropping back as there seemed no immediate threat to supplies.

U.S President Donald Trump said he had ordered missile strikes against a Syrian airfield from which a deadly chemical weapons attack was launched earlier this week, declaring he acted in America's "national security interest" against Syrian President Bashar al-Assad.

After tepid trading before the attack, international benchmark Brent crude futures LCOc1 jumped to $56.08 per barrel before easing to $55.71 per barrel at 0519 GMT, still up 1.5 percent from its last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 also climbed by more than 2 percent, to a high of $52.94 a barrel before receding to $52.56, up 1.7 percent.

Both benchmarks hit their highest levels since early March.

"The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line," said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

Halley said the strikes had potentially big implications for oil markets.

Syria has limited oil production, but its location in the Middle East and alliances with big oil producers raised worries about spreading conflict that could disrupt crude shipments.

"What will be the response of Iran and Russia, two of the world's largest oil producers and staunch allies of the Assad regime? ... We will have to wait for these answers as the day moves on," Halley said.

The strikes rattled global markets. Oil prices surged as traders priced in a Middle East risk premium, and safe-haven products like gold jumped =XAU, while stock markets and the U.S. dollar .DXY slumped. [MKTS/GLOB]

ALSO IN COMMODITIES

Asia demand, hedging boosts trading in forward U.S. oil contracts
Gold rises to five-month high on safe-haven demand as U.S. strikes Syria
"Outside of the energy sector, investors have been moving into defensive sectors today, particularly utilities and gold miners," said Gary Huxtable, client adviser at Australia's Atlantic Pacific Securities.

U.S. officials said the military had fired 59 cruise missiles against a Syrian airbase controlled by Assad's forces, in response to a poison gas attack on Tuesday in a rebel-held area.

Officials said the United States had informed Russia the strikes were coming. The strikes did not target sections of the Syrian base where Russian forces were believed to be present.

Russian officials, however, said U.S.-Russian cooperation in Syria was in doubt after the air strikes.

(Reporting by Henning Gloystein; Editing by Richard Pullin and Tom Hogue)

By Henning Gloystein | SINGAPORE
Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, later dropping back as there seemed no immediate threat to supplies.

U.S President Donald Trump said he had ordered missile strikes against a Syrian airfield from which a deadly chemical weapons attack was launched earlier this week, declaring he acted in America's "national security interest" against Syrian President Bashar al-Assad.

After tepid trading before the attack, international benchmark Brent crude futures LCOc1 jumped to $56.08 per barrel before easing to $55.71 per barrel at 0519 GMT, still up 1.5 percent from its last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 also climbed by more than 2 percent, to a high of $52.94 a barrel before receding to $52.56, up 1.7 percent.

Both benchmarks hit their highest levels since early March.

"The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line," said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

Halley said the strikes had potentially big implications for oil markets.

Syria has limited oil production, but its location in the Middle East and alliances with big oil producers raised worries about spreading conflict that could disrupt crude shipments.

"What will be the response of Iran and Russia, two of the world's largest oil producers and staunch allies of the Assad regime? ... We will have to wait for these answers as the day moves on," Halley said.

The strikes rattled global markets. Oil prices surged as traders priced in a Middle East risk premium, and safe-haven products like gold jumped =XAU, while stock markets and the U.S. dollar .DXY slumped. [MKTS/GLOB]

ALSO IN COMMODITIES

Asia demand, hedging boosts trading in forward U.S. oil contracts
Gold rises to five-month high on safe-haven demand as U.S. strikes Syria
"Outside of the energy sector, investors have been moving into defensive sectors today, particularly utilities and gold miners," said Gary Huxtable, client adviser at Australia's Atlantic Pacific Securities.

U.S. officials said the military had fired 59 cruise missiles against a Syrian airbase controlled by Assad's forces, in response to a poison gas attack on Tuesday in a rebel-held area.

Officials said the United States had informed Russia the strikes were coming. The strikes did not target sections of the Syrian base where Russian forces were believed to be present.

Russian officials, however, said U.S.-Russian cooperation in Syria was in doubt after the air strikes.

(Reporting by Henning Gloystein; Editing by Richard Pullin and Tom Hogue)

If oil prices continue uptrend, perisai may see 0.10 and above.

Perisai in most active stocks list.

Psiptek is non-pn17 and profitable company. Net total assets is 0.59. Share price is 0.19.

Psiptek nta is 0.59 and its market price is 0.19.

Brent @ $55.68/barrel

Slow accumulation before skyrocketing.

Psiptek is profitable and non-pn17. Nta at 0.59. Share price 0.195

Psiptek will rise soon. Net total asset is 0.59. Share price is0.195.

Psiptek will IP soon. Nta is 0.59. Current price is 0.195.

Psiptek will grow soon. Have its nta of 0.59. The price is currently 0.19.

Psiptek nta amounted to 0.59 while its current price is 0.19

Psiptek with its nta equal to 0.59 while it's market value worth 0.19.

Psiptek is non-pn17 company. Nta is 0.59. Current price is 0.19.

FBM KLCI falls as institutional investors buy Bursa small caps
By Sulhi Azman / theedgemarkets.com | April 5, 2017 : 6:02 PM MYT
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KUALA LUMPUR (April 5): The FBM KLCI fell 2.52 points or 0.1% as institutional investors pulled their money from big market capitalisation (big cap) companies' shares and channeled their funds into small market capitalisation (small cap) counters.

At 5pm, the KLCI closed at 1,744.67 points after falling to its intraday low at 1,741.51 points. The FBM Small Cap Index rose 225 points or 1.3% to 17,532.27 points.

Bursa Malaysia saw 4.44 billion shares valued at RM3.49 billion traded. Gainers outpaced decliners by 612 versus 353 respectively.

“It is a rotational play market. Today, we are seeing the recovery in crude oil prices. Continue to watch small and medium capitalisation stocks.

"The electronic commerce story is to stay and generate excitement and interest,” Hong Leong Investment Bank Bhd," analyst Loui Low Ley Yee told theedgemarkets.com.

The KLCI pared losses on late buying of index-linked Petronas Gas Bhd shares, buoyed by a recovery in crude oil prices. Petronas Gas shares fell six sen to close at RM19.74 after touching its intraday low at RM19.64.

Reuters reported that oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom's North Sea that feeds into an international benchmark price.

Brent crude futures, the international benchmark for oil, were at US$54.52 per barrel at 0658 GMT, up 35 cents, or 0.65 percent, from their last close. US West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.65 percent, at US$51.35 a barrel.

If Brent reach $60, perisai pressure will be ease.

By Scott DiSavino | NEW YORK
Oil prices on Tuesday rose to a near one-month high, supported by an unplanned production outage in the North Sea and expectations of a drawdown in U.S. crude and product inventories.

Brent LCOc1 futures rose $1.05, or 2 percent to settle at $54.17 a barrel. The move higher came after the global benchmark broke above its 100-day moving average, a key resistance level, putting the contract into technically overbought territory for the first time since the end of December.

U.S. West Texas Intermediate crude CLc1, meanwhile, gained 79 cents, or 1.6 percent, to settle at $51.03 per barrel.

Both contracts ended the day at their highest levels since March 7. They hit four-month lows late last month but have recovered 9 percent since then on expectations the Organization of the Petroleum Exporting Countries (OPEC) and other producers would cut output under an agreement reached last year.

"OPEC compliance is still holding better than we expected with next week's release of various monthly agency reports likely to confirm," Jim Ritterbusch, president of Chicago-based energy advisory firm Ritterbusch & Associates, said in a note.

In the North Sea, production of crude oil from Britain's 180,000 barrel per day Buzzard field was temporarily halted while repair work is carried out at an onshore processing terminal, trading sources said, noting normal output should be restored in the coming day or two.

Meanwhile, U.S. crude stocks fell by more than expected last week, dropping by 1.8 million barrels compared with analysts' expectations of a 435,000 barrel decline, according to data released late Tuesday from the American Petroleum Institute. [API/S]

The U.S. Energy Information Administration will issue its inventory figures on Wednesday at 10:30 a.m. EDT.

"U.S. product stocks need to be watched closely, since they have fallen massively over the last few weeks," said Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt.

ALSO IN COMMODITIES

After Australian cyclone, coking coal spikes as China chases U.S. supplies
Chile's Codelco sees copper prices stable, investment steady
Yet global inventories remain high. UBS analyst Giovanni Staunovo said OPEC was taking longer than expected to tighten the oil market but recent data suggested the process was now well under way.

"We believe the implemented production cuts will trigger a material drawdown in OECD oil inventories and thus higher crude oil prices," Staunovo said, referring to the Organization for Economic Co-operation and Development.

"We expect Brent oil prices to rise above $60 a barrel in three months," Staunovo said.

Psiptek is now only 0.185. It's nta is 0.59. It cheaper now before it rise to 0.20 and above.

Only passion one can earn big win.

Yesterday, psiptek share is accumulated by big one. Soon will goreng. Nta equal to 0.59. Now price cost 0.19 only.

Psiptek wait to be goreng soon. The nta is 0.59. Current price is 0.19. Profitable and non-pn17.

Psiptek will goreng soon. Nta is 0.59 and current price is 0.19.

Soon 0.26......0.28.....0.305 then huat ah.

Psiptek will goreng soon. The company nta is 0.59. The share price go around 0.185 to 0.195.

Psiptek will up soon. It's nta is 0.59 and its market value is around 0.185 to 0.195.

Post removed.Why?

Post removed.Why?

psiptek nta is 0.59. Market value is 0.165 to 0.175. The value is undervalued 257.57%. It mean extraordinary cheap.

Post removed.Why?

Post removed.Why?

After few days, it may reach 0.19 to 0.20.

hopefully miracle will come.

Win win situation for both sides rather than nothing in return.

If accept this offer, bondholders can get part of the bond money back. Receive its warrant, can earn back money from selling buying its warrant in bursa Malaysia.

Mean bondholder accept cash, perisai debt will be lower. The risk of bankruptcy will be decrease. The bondholders pressure on perisai will be ease.

Oil services firm offering to pay bond holders US$3.4m in cash and issue US$85.9m in new 'stocks'
Marissa Lee
The Malaysian oil services firm that defaulted on US$89.3 million in bonds last October is trying again to settle its debts with bond holders.

Perisai Petroleum Teknologi is offering to pay US$3.4 million (S$4.8 million) in cash and issue US$85.9 million worth of new instruments called "irredeemable convertible loan stocks".

These "stocks" will be listed and tradeable on Malaysia's Bursa, Perisai told a bond holder meeting yesterday. They can be converted into Perisai shares only after five years.

Psiptek is boosting. Adjust focus to psiptek.