well said gorengkaki

乌克兰军方称，32辆俄罗斯坦克和数卡车俄军士兵穿过边境进入乌克兰境内。若情况属实，则暗示双方或再度爆发武力冲突。

这也意味着，一旦战事重燃，可能干扰石油运送并影响供应，从而推高全球油价。

不过，北美页岩油供应也增加，导致全球油市供应过剩，对石油输出国组织（OPEC）原油的需求减少。

OPCE在上周四预计，到2018年，其市场份额将降低5%，因页岩油供应继续增加，增速快于需求增长的步伐。

OPEC won’t cut its collective crude output when it meets this month and global oil prices will stabilize once the surplus is absorbed by the market, Kuwait Oil Minister Ali Al-Omair said.

OPEC, which supplies about 40 percent of the world’s oil, meets Nov. 27 to debate supply. The 12-member Organization of Petroleum Exporting Countries, which has a production target of 30 million barrels a day, pumped 30.974 million barrels a day in October, according to data compiled by Bloomberg.

“I don’t think there will be any cut in the production,” Al-Omair said at a conference in Abu Dhabi in the United Arab Emirates. “We feel prices will settle down once surplus oil is absorbed.”

West Texas Intermediate traded near the lowest level in almost a week as forecasts for a sixth straight gain in U.S. crude stockpiles boosted speculation that rising output is outpacing demand growth.

Futures were little changed in New York after declining 1.6 percent yesterday. U.S. crude inventories probably expanded by 1 million barrels last week, a Bloomberg News survey showed before a government report on Nov. 13. The Organization of Petroleum Exporting Countries won’t cut its collective output when it meets this month

Oil has slumped about 28 percent since a June peak amid speculation the market is oversupplied as demand slows. OPEC’s largest producers are responding by cutting prices

Crude Retreats on Concern OPEC in No Hurry to Cut Output

West Texas Intermediate crude slipped on speculation that the Organization of Petroleum Exporting Countries is in no hurry to cut output to reverse a slide in prices. Brent fell in London.

Kuwait’s oil minister said he doesn’t expect OPEC to trim production at the group’s next meeting in Vienna on Nov. 27. Crude has slumped into a bear market this year amid a global glut. The largest OPEC producers are responding by cutting prices, resisting calls to reduce supply as they compete with the highest U.S. output in three decades.

“There’s downward pressure here to the extent that we are not seeing any real signs of an OPEC cutback,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. “This is what a bear market looks like, that it couldn’t sustain any of the gains.”

crude oil strongly rebound, 2morow 3.20 will be tested

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.”