Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.

The abrupt turn, coming after a 19 percent price gain between Thursday and Tuesday, also raised questions on whether the market had found a bottom to the selloff that began last summer and is now in its eighth month.

Selling began early in the day after a rebound in the dollar hurt demand for oil from those holding currencies such as the euro. The slide accelerated midmorning, after the U.S. government reported a huge weekly build in crude supplies, and showed its full force in the final hour. [USD/] [EIA/S]

up and down, the game just started, enjoy !

let us enjoy bargain hunting, ha ha ha

Crude Oil (WTI)

USD/bbl.

51.47

-1.58

-2.98%

Mar 15

07:41:51



Crude Oil (Brent)

USD/bbl.

56.70

-1.21

-2.09%

Mar 15

07:41:34

immediate resistance at 2.85, once breached, next level will be 3.03, strong support at 2.81, enjoy the games, : )

yes, add oil add oil, ha ha ha, Big ANG POW, Huat Ah, ha ha ha

buy skpetro, i am !

2morow open 3.00, ha ha

Crude Oil (WTI)

USD/bbl.

51.28

+1.71

+3.45%

Mar 15

06:31:15



Crude Oil (Brent)

USD/bbl.

56.86

+2.11

+3.85%

Mar 15

wow, ha ha ha

immediate resistance at 3.03, next level will be 3.20, enjoy the games, : )

Crude Oil (WTI)

USD/bbl.

50.89

+1.32

+2.66%

Mar 15

05:02:11



Crude Oil (Brent)

USD/bbl.

56.39

+1.64

+3.00%

Mar 15

05:01:44


INI KALILAH.................. ha ha ha

國際油市多、空交戰激烈，紐約油價今日亞洲盤中延續昨日紐約時段勇態，再次上衝50美元關卡。分析師指出，雖然技術面及籌碼面有助於油價溫和反彈到60美元，但基本面利空仍可能把油價打回到40、甚至30美元。

德國商業銀行商品研究主任韋恩伯指出，市場之前已經超賣，為空頭回補奠定基礎。空單偏高，加上去年中來油價已重挫逾50%，一旦有意外的利多消息出現，例如開工油井數大減等，便使油價強勁反彈。不過基本面仍然不利。

能源資訊局指出，1月23日止的一週內，美國平均每天產油921萬3千桶，再創新高；另外上週美國原油庫存量也再創新高，而多處煉油廠罷工將使原油需求減少，使庫存量更高。分析師指出，市場可能對開工油井數量減少興奮過頭，石油市場仍然供過於求。

分析師指出，油價遲早會溫和反彈到60至65美元，但預料之後將再跌到每桶40、甚至30美元。

Crude Oil (WTI)

USD/bbl.

50.20

+0.63

+1.27%

Mar 15

02:41:09



Crude Oil (Brent)

USD/bbl.

55.59

+0.84

+1.53%

Mar 15

02:41:40

HENG AH ONG AH HUAT LAR, HA HA HA

全球经济最大的风险：希腊对峙欧元区

Crude Oil (WTI)

USD/bbl.

49.97

+0.40

+0.81%

Mar 15

20:04:58



Crude Oil (Brent)

USD/bbl.

54.91

+0.16

+0.29%

Huat AH.................ha ha ha

Crude Oil (WTI)

USD/bbl.

49.63

+1.39

+2.88%

Mar 15

06:57:06



Crude Oil (Brent)

USD/bbl.

54.91

+1.92

+3.62%


WAUUUUUUUUUUUUU, AMAZINGGGGGGGGGGGGGGGGG

Crude oil prices fell on Monday after U.S. unions called a refinery strike and traders cashed in on strong price gains last week when the market soared on a sharp drop in U.S. drilling.



Brent crude oil futures were trading at $51.93 a barrel at 0733 GMT, down $1.06, while U.S. WTI futures had dropped $1.01 to $47.24 a barrel.



Slowing manufacturing gowth in China also weighed on oil markets.



"Manufacturing activities are likely weakening amid slackening demand growth, even taking potential distortion from Lunar New Year (Feb. 19) into account," Morgan Stanley said.



Activity in China's factory sector shrank for the second straight month in January, a private business survey showed on Monday, as the new year got off to a rocky start for the world's second-largest economy.

Monday's fall in oil prices followed a jump back from six-year lows on Friday on the back of a record decline in U.S. drilling.

"Oil production in the shale basins will inevitably decrease as weaker, higher-cost producers shutter their operations. This supports our view that oil prices will recover this year and average $60 per barrel for Brent," Nomura said.

Analysts said Monday's declines were a result of profit-taking after last week's gains, as well as rising OPEC-output offsetting lower U.S. drilling.

Potentially denting short-term demand for crude is a U.S. strike at nine refineries and chemical plants since Sunday.

Oil surges 8 pct as U.S. rig count plunges, shorts scramble

Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly decline in U.S. oil drilling fueled a frenzy of short-covering.

In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53 per barrel, its highest in more than three weeks in its biggest one-day gain since 2009.

The late-session surge was primed by Baker Hughes data showing the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week. Earlier gains were fueled by reports of Islamic State militants striking at Kurdish forces southwest of the oil-rich city of Kirkuk.

Brent settled up $3.86 at $52.99 a barrel, after running to as high as $53.08.

國際油價30日大幅上漲

紐約商品交易所2015年3月交貨的輕質原油期貨價格上漲3.71美元，收於每桶48.24美元，漲幅為8.33%。2015年3月交貨的倫敦布倫特原油期貨價格上漲3.86美元，收於每桶52.99美元，漲幅為7.86%。（新華社）（星洲網）

WTI up usd3.71, brent up usd3.86, wau, amazing !

USD40 or USD80 ??? Games started, : )

IMF Says Oil Drop Permanent, OPEC Says Rebound Soon

yes, together we eat abalone, enjoy

very strong support at 2.65, enjoy the profit, : )

i think CNY rally will push up the price again, enjoy, : )

immediate resistance once rebound is 2.72, next level will be 2.80, enjoy the games, Heng Ah Ong Ah Huat Lar, ha ha ha

it will have good support at 2.65, : )

thank you, i like it

interesting, enjoy the games, ha ha

strong support at 2.65, good, as expected

wau, 2.66 already, panic selling !

ha ha ha

2.70 already, immediate support at 2.65

国际综合产业咨询公司Rahim & Co认为，国内外经济增长变数多，国内今年的房价与销售增长预计放缓，发展商也将重新调整策略，暂缓推行房地产计划。

需要关注的是，国内外置产人士已受不景气传闻影响，有意脱售所持房屋。

他透露，以往外国投资者对于本地房市情况并不在意，他们所持的单位，有者甚至空置两年之久，但今年随着多项不利消息传出，公司已开始收到脱售房产的要求，也可看到一些高档公寓出现在拍卖市场。

i think EPF will dispose soon

once EPF stop supporting (due to dividend payment), it will drop, immediate support at 2.65, next level will be 2.50

iHunter, well said. :)

immediate support at 2.65

肯納格研究相信上週馬股出現的小牛市，可能是每年報到的農曆新年前漲潮效應，而產業指數自1月8日起上揚，料與農曆新年前漲潮有關。

“以歷史趨勢來看，相關漲潮最多可延續16日，我們預期漲潮將延續至2月的第二週，建議投資者趕搭農曆新年漲潮便車來減持環球東方（GOB，1147，主板產業組）、高美達（GLOMAC，5020，主板產業組）、國浩置地（GUOCO，1503，主板產業組）、海濱城市（IWCITY，1589，主板產業組）等產業股。”

Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

The U.S. Energy Information Administration (EIA) said domestic crude oil stocks rose by almost 9 million barrels last week to reach nearly 407 million, their highest since the government began keeping records in 1982.

Goldman Sachs analysts said in a Tuesday note that they expected U.S. crude, also known as WTI, to remain near $40 a barrel in the first half of this year. - Reuters

Bob Dudley, BP’s CEO, said Jan. 21 at the World Economic Forum in Davos, Switzerland, that he expects the price of oil to stagnate at current levels for as long as three years, causing broad job losses and lower investment in the industry.

But that wouldn’t change OPEC’s oil-pricing strategy, according to Ali al-Naimi, Saudi Arabia’s oil minister and, lately, the unofficial spokesman for the cartel. “Whether it goes down to $20, $40, $50, $60 – it is irrelevant,” he said in an interview published Dec. 22 in Middle East Economic Survey (MEES).

i think EPF triy to support at 2.80 not wise, they is a quota for single counter exposure, EPF stake now 13.9. To support the price,not now, once EPF decided to give up,it will drop, my half cents, :)

Corporate players not always right !

The accord on Dec. 2 between Iraq’s central authorities and the Kurdistan Regional Government, easing years of friction over the Kurds’ right to export oil independently, enables 550,000 barrels a day to be shipped via the Kurdish pipeline to the Turkish port of Ceyhan. About 250,000 will flow from Kurdish territory and 300,000 from Kirkuk in northern Iraq, previously blocked by Islamic State.

Exports from the Kurdish region, which has independently signed deals with international companies deemed illegal by Baghdad, have been accelerating. The region is moving 400,000 barrels a day through the pipeline to Turkey it built last year, and will reach 1 million barrels a day on the link by the end of 2015, KRG Natural Resources Minister Ashti Hawrami said in London on Dec. 17.

“Iraq’s holding on quite well,” Miswin Mahesh, an analyst at Barclays in London, said by phone on Jan. 21. “They’ll say they have every right to sell it on the market, and they might even sell at distressed prices.”

Iraq needs to keep increasing oil production because tumbling global prices have reduced government revenue by about 50 percent, Deputy Prime Minister Rowsch Nuri Shaways said at the World Economic Forum in Davos, Switzerland on Jan. 21.

“It is escalating the price war,” Torbjoern Kjus, an analyst at DNB in Oslo, said by e-mail. “For most OPEC producers the rationale is that the lower the oil price, the more they are incentivized to produce to make up for the price loss.”

Iraqi crude output has hit a record 4 million barrels a day, Oil Minister Adel Abdul Mahdi said in Baghdad on Jan. 18. Average monthly output rose 290,000 barrels a day to 3.7 million in December, the most since 1979, the International Energy Agency, a Paris-based adviser to 29 developed nations, said in a report on Jan. 16.

Exports from the Kirkuk oil field, which neighbors the Kurdish region in northeast Iraq, resumed for the first time since March following a deal in December between the central government and the semi-autonomous Kurds. Kirkuk crude, halted amid attacks by Islamist fighters, can now be shipped to Turkey using the Kurds’ pipeline. Exports from the south have also surged and are scheduled to reach a record 3.3 million barrels a day in February, the IEA estimates.

This price war is not just between Saudi Arabia and the U.S., it’s also intra-OPEC,” said Seth Kleinman, head of European energy research at Citigroup in London. “Iraq and the U.A.E and everyone else is cutting prices to defend their own market share. Iraq is ramping up production and has rising volumes to move

The battle for customers among OPEC members that helped trigger oil’s collapse is about to escalate.

Iraqi crude production is climbing from a 35-year high as it adds growing Kurdish supplies to its exports, while southern oilfields remain unscathed by Islamic State militants. Finding customers for the new output means offering more attractive terms than rivals in the Organization of Petroleum Exporting Countries, say Citigroup Inc., DNB ASA and Barclays Plc.

immediate support at 2.65, : )

Hedge Funds Bet Oil Has Further to Fall as Glut Grows

Corruption Scandal Threatens Brazilian Oil Developments