yes, love it

as i said before, this counter is for traders, not investors

Brent crude rose for the third time in four days as Chinese export data signaled foreign demand may help sustain the economy in the world’s second-biggest oil consumer. West Texas Intermediate gained in New York.

1st resistance 3.15 broken, next, 3.20, i made profit again, ha ha ha, Heng Ah Ong Ah Huat Lar !

fortunebullz, thanks for sharing

immediate resistance at 3.15, 3.11 good support

Brent crude rose for the third time in four days as Chinese export data signaled foreign demand may help sustain the economy in the world’s second-biggest oil consumer. West Texas Intermediate gained in New York.

i bought 50,000 units last Friday at 3.06, sold all this morning at 3.15, just now my order at 3.11 50,000 units all matched, i think selling pressure reduced, trader half cents :)

usually u will hv clearer picture after 3.30pm, heading North or South

relax guys, : )

i managed to get 50,000 units at 3.06 today, wah, 52 weeks lowest, next week makan big abalone, ha ha ha, HAPPY

money money money, heng ah ong ah huat lar, ha ha ha, trader no need to talk so much, just do it at the right timing, : )

immediate resistance 3.10

ha ha, very good

come on, skpetro below 3.00 no face lah, push, push, push, Local funds, show the foreign funds we really BOLEHHHHHHHHHH !!!

3.06, i'm in, boh xiang kang lah, support support skpetro ma, ha ha

i believe 3.00 is a solid support point, all local funds full force support, :)

3.00 critical support, below 3.00 whether skpetro could maintain its index counter status is a big question

another panic selling is possible !

Oil Extends Drop on Libyan Field Restart, OPEC Outlook

West Texas Intermediate and Brent crudes deepened losses after a Libyan official said the country’s biggest field would restart and OPEC cut demand forecasts for its crude. Prices extended their decline after a warning that the European Central Bank may cut growth forecasts.

WTI lost as much as 1.4 percent and Brent slumped 1 percent. ECB President Mario Draghi said policy makers were ready to implement further stimulus if needed and signaled officials may cut growth forecasts next month. OPEC cut estimates for the amount of crude it will need to supply over the next two decades. Libya should resume pumping “soon” at Sharara, its biggest-producing oil field prior to the disruption, following an attack yesterday, an official said.

WTI Heads for Sixth Weekly Drop on OPEC Outlook; Brent Declines

immediate resistance 3.20

this counter not for long term, it's for big funds to goreng, to make big money, never ever treat it as long term investment

look at the volume, skpetro, my favorite

good

Traders favorite

West Texas Intermediate held gains from the biggest advance in two weeks after government data showed crude stockpiles fell at the largest U.S. storage hub. Brent was steady as Libya shut its main oil field.

Oil is trading in a bear market amid signs that global supply is outpacing demand. Leading OPEC producers have resisted calls to cut output as they compete with the U.S., which is pumping at the fastest pace in more than 30 years. The price collapse is a “concern for everyone,” Venezuela’s Foreign Minister Rafael Ramirez said as he met Saudi Arabia’s Oil Minister Ali Al-Naimi yesterday.

“This is a turning point for U.S. crude stockpiles to expand less and start to drop as refiners increase their operating rates to meet heating demand in the winter,” Kang Yoo Jin, a commodities analyst at Woori Investment & Securities Co. in Seoul, said by phone today. “Oil will probably recover in the next three months as lower prices can start causing issues for shale players and Canadian producers.”

better take profit 1st, then wait n see, next resistance 3.29, : )

activetrader, ha ha ha, still dare to think for 2.90.... stubborn... going to enjoy my abalone tonight

oversold, 2morow rebound, enjoy !

i give you a big big LIKE, Christine Lee, very good comments especially this part : but i not lucky n smarter than other who can predict will drop until rm2.8, rm 2.5 , rm 2 etc..

ha ha ha

look like EPF also enjoy the game, sell buy , buy sell, ha ha

Crude Oil (WTI) USD/bbl. 76.52 -0.67 -0.87%

Crude Oil (Brent) USD/bbl. 81.67 -1.15 -1.39%

Dec 14

03:36:00

critical support at 3.16, once break , next 3.00

immediate resistance at 3.20, once break, next 3.29

沙地阿拉伯出口的原油在美國市場降價，銷往亞洲卻漲價，顯示這個世界最大石油出口商鞏固市占率的主戰場已從亞洲轉向美國。



沙地國營石油公司Aramco宣布，把阿拉伯輕質原油高於美國墨西哥灣標準輕原油的每桶價差縮減45美分，降到去年12月來最低價；中級與重級原油差距各降45美分，為連續第四個月擴大折扣幅度；超輕質原油也同步縮減50美分。

調漲對歐亞供應原油價

但同時，Aramco調漲對歐洲與亞洲客戶供應的原油價格。例如，12月對亞洲客戶供應的標準阿拉伯輕質原油，每桶將比杜拜/安曼合約價格折價10美分，高於11月每桶折扣1.05美元的售價。石油專家說，對亞洲買家漲價，反映最近的需求升高，中國需求尤其明顯。

沙地國營石油公司已把11月供應亞洲的原油降價到近六年來最低，但日前宣布縮小12月的折價幅度，同時卻擴大對美國買家降價。

這顯示，儘管頁岩油榮景推升美國產量到逾30年來最高，沙地仍不願坐視美國銷售下滑，準備容忍油價跌得更深，以刺激美國需求。國際油價在10月間步入空頭市場，西德州中級原油（WTI）期貨4日繼續跌落近三年來的谷底。

東京Newedge集團能源交易部經理谷川健說：“無論原油價格怎麼波動，亞洲都需要向沙地買油。另一方面，沙地正設法擴大在美國的市占率，因而降價。”

very strong support from local funds, see..... ha ha

Saudi Arabia’s oil minister, flew to Venezuela for a conference that starts this week, according to two people with direct knowledge of his plans who asked not to be identified because they’re not authorized to speak to the media. He’s due to attend a gas forum in Acapulco, Mexico, on Nov. 11 and 12.

Venezuela’s call last month for an emergency OPEC meeting went nowhere. Now the country is preparing a proposal to halt the price declines, President Nicolas Maduro said Oct. 31 on state television. Ecuador is collaborating on a strategy to increase prices at the November meeting, Finance Minister Fausto Herrera said yesterday in Quito.

“The Venezuelans are the most worried because they are in the worst fiscal situation,” Sarah Emerson, managing principal of ESAI Energy Inc. in Wakefield, Massachusetts, said by phone. “It makes perfect sense for Naimi to visit Venezuela, the most fragile country in OPEC.”

petrobras is paying as confirmed by cimb ib, nothing to worry about, : )

oil price will not drop below 75, otherwise iran and ISIS will shoot saudi kaw kaw ! ha ha

oversold already, foreign funds panic, not local, ha ha

don't underestimate the power of local funds,: )

good support at 3.16

3.16 critical support, if break, next will be 3.00 already !

Saudi shares fell the most in almost three weeks as the biggest OPEC producer cut oil prices in a bid to maintain its market share and profit at the nation’s largest phone company missed estimates.

Saudi Arabia lowered the cost of its crude to the U.S., where production is the highest in three decades, deepening a selloff. Brent crude, the global benchmark, fell 3.1 percent to $82.16 a barrel at 4:38 p.m. in Dubai, the lowest since October 2010. Deutsche Bank AG estimates the kingdom requires brent crude to average $99.2 a barrel this year to balance its budget.

“The market is definitely reacting in lockstep with the price of oil,” Ramez Merhi, director of asset management at Dubai-based Al Masah Capital, which manages $545 million, said in e-mailed comments. “It looks as though Saudi is playing out a price war strategy to crowd out other high-cost producers in order to maintain their market share of oil exports.”

almost 75 already, new 52 weeks low is possible, more panic selling expected

immediate support 3.16, next will be 3.00

if you look at 1st page of the report, you can see her photo and name , :)

panic selling again.................... ???????

Saudi Arabian Oil Co. lowered the cost of its crude to the U.S., where production is the highest in three decades, deepening a selloff that sent prices to the lowest in more two years.

The state-owned producer, known as Saudi Aramco, lowered the premium for Arab Light relative to U.S. Gulf Coast benchmarks by 45 cents a barrel to the smallest since December. medium and heavy grades were also down 45 cents and extra light oil 50 cents. Aramco increased the cost to Asia and Europe.

big discount = 3.00, :-)