Asian markets open sharply lower amid oil fears
Wall Street declined overnight following the relentless fall in oil prices. Energy stocks led a broad decline on Wall Street overnight, as crude prices dropped to fresh five-and-a-half-year lows amid concerns about growth beyond the U.S.
Read More This week's market watch list: China, Australia data Keeping an eye on Greece Political uncertainty in Greece has raised fears of a Greek exit from the euro zone. The country announced snap general elections for January, with Syriza, the far-left opposition party which has vowed to overthrow the onerous terms of Greece's international bailout, likely in the lead. Along with bets on quantitative easing by the European Central Bank, the euro tumbled to its weakest level since June 2010 on Monday. In early Asian trade, the currency was quoted at $1,193 to the dollar.

It might drop to 0.05 soon .............................guys , pls wait .....

NEW YORK (Reuters) - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Just before the close, Brent and U.S. oil futures bounced off session lows. But prices still settled at their lowest since May 2009. Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.
Oil prices came under further pressure from a survey showing China's factory sector shrank in December for the first time in seven months. This should hurt energy demand in the world's No. 2 consumer.

NEW YORK (Reuters) - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Just before the close, Brent and U.S. oil futures bounced off session lows. But prices still settled at their lowest since May 2009. Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.
Oil prices came under further pressure from a survey showing China's factory sector shrank in December for the first time in seven months. This should hurt energy demand in the world's No. 2 consumer.

NEW YORK (Reuters) - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Just before the close, Brent and U.S. oil futures bounced off session lows. But prices still settled at their lowest since May 2009. Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.
Oil prices came under further pressure from a survey showing China's factory sector shrank in December for the first time in seven months. This should hurt energy demand in the world's No. 2 consumer.

NEW YORK (Reuters) - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Just before the close, Brent and U.S. oil futures bounced off session lows. But prices still settled at their lowest since May 2009. Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.
Oil prices came under further pressure from a survey showing China's factory sector shrank in December for the first time in seven months. This should hurt energy demand in the world's No. 2 consumer.

Oil prices fall more than $1, dropping to five-year lows
NEW YORK (Reuters) - Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output curtailment from the OPEC producer.
The number of rigs drilling for oil in the United States dipped in the latest week, data from oil services firm Baker Hughes Inc showed. But the count for U.S. oil rigs remained up from a year ago, indicating production would remain robust.

Oil prices fall more than $1, dropping to five-year lows
NEW YORK (Reuters) - Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output curtailment from the OPEC producer.
The number of rigs drilling for oil in the United States dipped in the latest week, data from oil services firm Baker Hughes Inc showed. But the count for U.S. oil rigs remained up from a year ago, indicating production would remain robust.

Oil prices fall more than $1, dropping to five-year lows
NEW YORK (Reuters) - Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output curtailment from the OPEC producer.
The number of rigs drilling for oil in the United States dipped in the latest week, data from oil services firm Baker Hughes Inc showed. But the count for U.S. oil rigs remained up from a year ago, indicating production would remain robust.

We hope sona-wa drop to 0.05 soon ........

Kami tak risau pun , just wait its price drop to 0.05 then buy only la....................

Oil slides as Saudi Naimi tells market to forget OPEC cuts
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets despite oil prices that have halved since June, Ali al-Naimi told the Middle East Economic Survey it was "not in the interest of OPEC producers to cut their production, whatever the price is" - his starkest comments yet.
U.S. crude's front-month contract (CLc1) settled down $1.87, or 3.3 percent, at $55.26 a barrel. It fell $2 earlier to a session low at $55.13. On Friday, U.S. crude finished up nearly 5 percent, the largest gain since August 2012, as some traders took profits on short positions after prices hit five-year lows.
Brent (LCOc1) closed down $1.27, or 2 percent, at $60.11 a barrel after a session bottom of $59.84.
Naimi also said the Saudis might boost output instead to grow their market share and that oil "may not" trade at $100 again. "The best thing for everybody is to let the most efficient producers produce," he told a conference in Abu Dhabi at the weekend.
"The Saudis seem to be continuing with their game plan to shock prices lower by sticking it to the market that they will put more oil out if they have more customers for whatever price they are comfortable in selling," said John Kilduff, partner at New York energy hedge fund Again Capital.
"It seems like an all-out strategy on their part to finish all the weak players in the market who can't survive at sub-$60 or even sub-$50 oil."

Oil slides as Saudi Naimi tells market to forget OPEC cuts
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets despite oil prices that have halved since June, Ali al-Naimi told the Middle East Economic Survey it was "not in the interest of OPEC producers to cut their production, whatever the price is" - his starkest comments yet.
U.S. crude's front-month contract (CLc1) settled down $1.87, or 3.3 percent, at $55.26 a barrel. It fell $2 earlier to a session low at $55.13. On Friday, U.S. crude finished up nearly 5 percent, the largest gain since August 2012, as some traders took profits on short positions after prices hit five-year lows.
Brent (LCOc1) closed down $1.27, or 2 percent, at $60.11 a barrel after a session bottom of $59.84.
Naimi also said the Saudis might boost output instead to grow their market share and that oil "may not" trade at $100 again. "The best thing for everybody is to let the most efficient producers produce," he told a conference in Abu Dhabi at the weekend.
"The Saudis seem to be continuing with their game plan to shock prices lower by sticking it to the market that they will put more oil out if they have more customers for whatever price they are comfortable in selling," said John Kilduff, partner at New York energy hedge fund Again Capital.
"It seems like an all-out strategy on their part to finish all the weak players in the market who can't survive at sub-$60 or even sub-$50 oil."

Oil slides as Saudi Naimi tells market to forget OPEC cuts
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets despite oil prices that have halved since June, Ali al-Naimi told the Middle East Economic Survey it was "not in the interest of OPEC producers to cut their production, whatever the price is" - his starkest comments yet.
U.S. crude's front-month contract (CLc1) settled down $1.87, or 3.3 percent, at $55.26 a barrel. It fell $2 earlier to a session low at $55.13. On Friday, U.S. crude finished up nearly 5 percent, the largest gain since August 2012, as some traders took profits on short positions after prices hit five-year lows.
Brent (LCOc1) closed down $1.27, or 2 percent, at $60.11 a barrel after a session bottom of $59.84.
Naimi also said the Saudis might boost output instead to grow their market share and that oil "may not" trade at $100 again. "The best thing for everybody is to let the most efficient producers produce," he told a conference in Abu Dhabi at the weekend.
"The Saudis seem to be continuing with their game plan to shock prices lower by sticking it to the market that they will put more oil out if they have more customers for whatever price they are comfortable in selling," said John Kilduff, partner at New York energy hedge fund Again Capital.
"It seems like an all-out strategy on their part to finish all the weak players in the market who can't survive at sub-$60 or even sub-$50 oil."

BAD NEWS.........................

As I know all SPAC & oil related stocks sure drop until next year , somemore all fund managers now prepare long holiday liao...............so better keep watching .....

RUSSIAN RATE-HIKE STUNNER
Ruble drop unprecedented, oil to $30
Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil.
Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles.
Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency.
And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.

Oil free tak free dun know , but I know all SPAC & oil related stocks sure drop until next year , cos now all fund managers prepare long holiday liao...............

RUSSIAN RATE-HIKE STUNNER
Ruble drop unprecedented, oil to $30
Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil.
Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles.
Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency.
And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.

RUSSIAN RATE-HIKE STUNNER
Ruble drop unprecedented, oil to $30
Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil.
Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles.
Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency.
And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.

RUSSIAN RATE-HIKE STUNNER
Ruble drop unprecedented, oil to $30
Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil.
Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles.
Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency.
And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.

Investors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy sector, and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates.
U.S. crude futures (CLc1) fell more than 2.5 percent at one point to as low as $56.25 per barrel (CLc1) before rebounding. By late morning, they were up 1.3 percent.
The world's energy watchdog late last week forecast even lower prices next year on weaker demand and increased supply, sparking a fresh waving of selling.
Oil's relentless slide pounded stocks and currencies exposed to energy exports on Friday, dousing the appetite for riskier assets.
Energy-exporting emerging market currencies were strained, with the Brazilian currency hitting a 9-1/2-year low (BRL=) and the Russian rouble hitting an all-time low (RUBUTSTN=MCX). The Indonesian rupiah (IDR=D2) fell to its lowest since August 1998.

Investors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy sector, and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates.
U.S. crude futures (CLc1) fell more than 2.5 percent at one point to as low as $56.25 per barrel (CLc1) before rebounding. By late morning, they were up 1.3 percent.
The world's energy watchdog late last week forecast even lower prices next year on weaker demand and increased supply, sparking a fresh waving of selling.
Oil's relentless slide pounded stocks and currencies exposed to energy exports on Friday, dousing the appetite for riskier assets.
Energy-exporting emerging market currencies were strained, with the Brazilian currency hitting a 9-1/2-year low (BRL=) and the Russian rouble hitting an all-time low (RUBUTSTN=MCX). The Indonesian rupiah (IDR=D2) fell to its lowest since August 1998.

Investors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy sector, and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates.
U.S. crude futures (CLc1) fell more than 2.5 percent at one point to as low as $56.25 per barrel (CLc1) before rebounding. By late morning, they were up 1.3 percent.
The world's energy watchdog late last week forecast even lower prices next year on weaker demand and increased supply, sparking a fresh waving of selling.
Oil's relentless slide pounded stocks and currencies exposed to energy exports on Friday, dousing the appetite for riskier assets.
Energy-exporting emerging market currencies were strained, with the Brazilian currency hitting a 9-1/2-year low (BRL=) and the Russian rouble hitting an all-time low (RUBUTSTN=MCX). The Indonesian rupiah (IDR=D2) fell to its lowest since August 1998.

Wait till next week, should be drop further to 0.05 soon..........

Wait till next week, should be drop further to 0.05 soon..........

Wait till next week, should be drop further to 0.05 soon..........

NEW YORK (AP) — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.
The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year.
The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year.
The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.

NEW YORK (AP) — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.
The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year.
The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year.
The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.

NEW YORK (AP) — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.
The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year.
The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year.
The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.

US stocks plunge as oil rout continues
A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.
The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
"In a nation like the U.S. (as well as) Europe and most of Asia, the benefits of falling oil outweigh the costs," said Jeff Kleintop, Schwab's chief global investment strategist. "The concern is that there's something more to it, given such a sharp decline, that there's something deeper here."
A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year.
The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year.
The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.
"It looks as if oil is not through going down yet," said Jim Russell, a portfolio manager at Bahl and Gaynor, a wealth manager. "It's a concern for the market because it does signal probably some global growth weakness."
Stocks were also hurt after a report showed that growth in factory output in China, the world's second-largest economy, declined last month.
The data came after Chinese leaders affirmed their commitment to the "new normal" of slower growth as they try to steer China toward a more sustainable expansion based on domestic consumption.

TOKYO (Reuters) - Asian shares got a lift on Friday after upbeat U.S. data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check.
U.S. crude futures (CLc1) continued to drop after falling below the key psychological support level of $60 a barrel for the first time in five years, and stood at $59.30 in Asia, down more than 1 percent on the day.
Brent crude (LCOc1) continued its march downwards on Friday and dropped to a 5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8 percent. It was last down 0.5 percent at $63.40.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.2 percent, though on track for a loss of over 2 percent for the week.
Global crude prices have plunged in recent weeks on massive oversupply, raising fears that deflation could hit economies around the world. But data on Thursday showed that cheaper gasoline prices apparently helped U.S. consumer spending mark broad rises last month, and jobless claims also fell.
One potential risk on the horizon got a temporary reprieve, when the U.S. Senate approved a two-day extension of government funding late on Thursday to stave off shutdowns of federal agencies that otherwise would have begun at midnight.
Wall Street ended higher on Thursday, but Asian investors have mostly focused on the downside of lower energy costs, which dragged down equities here this week.
"The relentless decline in oil prices continues to unsettle risky asset markets. Oil prices have fallen to levels last reached in mid-2009, as OPEC cut its demand forecast to a 12-year low despite lower prices, and U.S. crude inventories rose," Barclays strategists said in a note.

TOKYO (Reuters) - Asian shares got a lift on Friday after upbeat U.S. data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check.
U.S. crude futures (CLc1) continued to drop after falling below the key psychological support level of $60 a barrel for the first time in five years, and stood at $59.30 in Asia, down more than 1 percent on the day.
Brent crude (LCOc1) continued its march downwards on Friday and dropped to a 5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8 percent. It was last down 0.5 percent at $63.40.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.2 percent, though on track for a loss of over 2 percent for the week.
Global crude prices have plunged in recent weeks on massive oversupply, raising fears that deflation could hit economies around the world. But data on Thursday showed that cheaper gasoline prices apparently helped U.S. consumer spending mark broad rises last month, and jobless claims also fell.
One potential risk on the horizon got a temporary reprieve, when the U.S. Senate approved a two-day extension of government funding late on Thursday to stave off shutdowns of federal agencies that otherwise would have begun at midnight.
Wall Street ended higher on Thursday, but Asian investors have mostly focused on the downside of lower energy costs, which dragged down equities here this week.
"The relentless decline in oil prices continues to unsettle risky asset markets. Oil prices have fallen to levels last reached in mid-2009, as OPEC cut its demand forecast to a 12-year low despite lower prices, and U.S. crude inventories rose," Barclays strategists said in a note.

TOKYO (Reuters) - Asian shares got a lift on Friday after upbeat U.S. data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check.
U.S. crude futures (CLc1) continued to drop after falling below the key psychological support level of $60 a barrel for the first time in five years, and stood at $59.30 in Asia, down more than 1 percent on the day.
Brent crude (LCOc1) continued its march downwards on Friday and dropped to a 5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8 percent. It was last down 0.5 percent at $63.40.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.2 percent, though on track for a loss of over 2 percent for the week.
Global crude prices have plunged in recent weeks on massive oversupply, raising fears that deflation could hit economies around the world. But data on Thursday showed that cheaper gasoline prices apparently helped U.S. consumer spending mark broad rises last month, and jobless claims also fell.
One potential risk on the horizon got a temporary reprieve, when the U.S. Senate approved a two-day extension of government funding late on Thursday to stave off shutdowns of federal agencies that otherwise would have begun at midnight.
Wall Street ended higher on Thursday, but Asian investors have mostly focused on the downside of lower energy costs, which dragged down equities here this week.
"The relentless decline in oil prices continues to unsettle risky asset markets. Oil prices have fallen to levels last reached in mid-2009, as OPEC cut its demand forecast to a 12-year low despite lower prices, and U.S. crude inventories rose," Barclays strategists said in a note.

I think this stock might drop to 0.05 , let's wait ...........

Saudi Arabia led OPEC's decision on Nov. 27 to maintain its collective quota at 30 million barrels a day, resisting calls from members including Venezuela to reduce output. The group pumped 30.56 million barrels a day in November, exceeding its target for a sixth straight month, a Bloomberg survey of companies, producers and analysts showed.
Saudi Response
"Why should I cut production?" Al-Naimi said to reporters yesterday in Lima, Peru, where he's attending United Nations climate talks. "This is a market and I'm selling in a market. Why should I cut?"
Venezuela wants special discussions to be held before the group's next scheduled gathering on June 5, Foreign Minister Rafael Ramirez said on the Telesur network yesterday. The upfront cost of contracts to insure Venezuelan debt against non-payment for five years has jumped to 60 percent, pushing the implied probability of default to 94 percent, the highest in the world.
"Our position on OPEC is that they defend the fair price of our oil," Ramirez said. "We don't believe in the free market. We must make an effort to reduce overproduction of oil."

As oil plunges, sell these stocks tomorrow
Jim Cramer is witnessing a battle between the joy of consumers and the pain of the producers. On a day when the Dow Jones industrial average dropped 268 points, the agonizing screams of the producers won the battle. Squeaky wheel gets the grease, right?
There is still some good news, though it seemed overshadowed Wednesday. Consumers are benefiting at the gas pump to the point where it is unbelievable how cheap gas is. That's like a free tax credit, right in your wallet.
So, what happened?
"Simple: We're just not importing cheaper goods from overseas for the moment, we're also witnessing the stress in their countries at the same time that some of our institutions are bearing the strain of our own domestic oil producers," Cramer said.
These days, that stress has come a little too close to home. For the longest time, the oil producers were overseas in countries far away. Now, the gasoline going into your car could be produced and refined in the U.S. Thus, investors cannot close a blind eye to the stress of low oil prices.
Additionally, there are countries that have borrowed a lot of money and now run a risk of default. Countries like Nigeria,Iran or Iraq may not be able to pay their bills.
So, while there was positive news for the consumer on Wednesday, it was put down by the lurking dark shadows of the oil producers and countries under stress. Cramer warned that if oil does not stabilize soon and goes below $60, there will be more days where the producer's credit pain overwhelms the consumer's spending gains ahead. Buckle up, folks.

As oil plunges, sell these stocks tomorrow
Jim Cramer is witnessing a battle between the joy of consumers and the pain of the producers. On a day when the Dow Jones industrial average dropped 268 points, the agonizing screams of the producers won the battle. Squeaky wheel gets the grease, right?
There is still some good news, though it seemed overshadowed Wednesday. Consumers are benefiting at the gas pump to the point where it is unbelievable how cheap gas is. That's like a free tax credit, right in your wallet.
So, what happened?
"Simple: We're just not importing cheaper goods from overseas for the moment, we're also witnessing the stress in their countries at the same time that some of our institutions are bearing the strain of our own domestic oil producers," Cramer said.
These days, that stress has come a little too close to home. For the longest time, the oil producers were overseas in countries far away. Now, the gasoline going into your car could be produced and refined in the U.S. Thus, investors cannot close a blind eye to the stress of low oil prices.
Additionally, there are countries that have borrowed a lot of money and now run a risk of default. Countries like Nigeria,Iran or Iraq may not be able to pay their bills.
So, while there was positive news for the consumer on Wednesday, it was put down by the lurking dark shadows of the oil producers and countries under stress. Cramer warned that if oil does not stabilize soon and goes below $60, there will be more days where the producer's credit pain overwhelms the consumer's spending gains ahead. Buckle up, folks.

As oil plunges, sell these stocks tomorrow
Jim Cramer is witnessing a battle between the joy of consumers and the pain of the producers. On a day when the Dow Jones industrial average dropped 268 points, the agonizing screams of the producers won the battle. Squeaky wheel gets the grease, right?
There is still some good news, though it seemed overshadowed Wednesday. Consumers are benefiting at the gas pump to the point where it is unbelievable how cheap gas is. That's like a free tax credit, right in your wallet.
So, what happened?
"Simple: We're just not importing cheaper goods from overseas for the moment, we're also witnessing the stress in their countries at the same time that some of our institutions are bearing the strain of our own domestic oil producers," Cramer said.
These days, that stress has come a little too close to home. For the longest time, the oil producers were overseas in countries far away. Now, the gasoline going into your car could be produced and refined in the U.S. Thus, investors cannot close a blind eye to the stress of low oil prices.
Additionally, there are countries that have borrowed a lot of money and now run a risk of default. Countries like Nigeria,Iran or Iraq may not be able to pay their bills.
So, while there was positive news for the consumer on Wednesday, it was put down by the lurking dark shadows of the oil producers and countries under stress. Cramer warned that if oil does not stabilize soon and goes below $60, there will be more days where the producer's credit pain overwhelms the consumer's spending gains ahead. Buckle up, folks.

Crude oil prices fell as much as 5 percent overnight after data underscored weak U.S. demand and Saudi Arabia reiterated that it has no plans to curb output.
U.S. crude posted a modest rebound early on Thursday after the overnight tumble, gaining 26 cents to $61.20 a barrel after falling to a 5-1/2 year low of $60.43 on Wednesday.
In addition to declining oil, concerns over the political situation in Greece have also dented appetite for risk assets.

Crude oil prices fell as much as 5 percent overnight after data underscored weak U.S. demand and Saudi Arabia reiterated that it has no plans to curb output.
U.S. crude posted a modest rebound early on Thursday after the overnight tumble, gaining 26 cents to $61.20 a barrel after falling to a 5-1/2 year low of $60.43 on Wednesday.
In addition to declining oil, concerns over the political situation in Greece have also dented appetite for risk assets.

Green tak green also same , will drop to 0.05 soon ......,

Good ha mi ? If like this trend , this stock price become 0.05 soon lo !

Saudi Arabia reportedly sees $60 as the level where prices will stabilize, after OPEC last week opted not to cut its production quota. U.S. oil futures were trading close to $66, nearly 40 percent off their June high, and Brent was just $69 per barrel Friday, trading lower after Saudi Aramco cut its January prices to Asia and the U.S.
"The problem for OPEC is if they don't blink, and let's say they do shut down the rate of production growth in the U.S., and they get a price back to where they like it to be, U.S. production growth starts again," said Edward Morse, head of global commodities research at Citigroup.
Morse said he expects oil prices to stabilize, but that the Organization of Petroleum Exporting Countries will likely be forced into taking action and could cut production in the April, May time frame when prices are seasonally weaker. Saudi Arabia can easily weather lower prices, but other OPEC members cannot. If OPEC does not cut, West Texas Intermediate could drop to about $58 per barrel.

Saudi Arabia reportedly sees $60 as the level where prices will stabilize, after OPEC last week opted not to cut its production quota. U.S. oil futures were trading close to $66, nearly 40 percent off their June high, and Brent was just $69 per barrel Friday, trading lower after Saudi Aramco cut its January prices to Asia and the U.S.
"The problem for OPEC is if they don't blink, and let's say they do shut down the rate of production growth in the U.S., and they get a price back to where they like it to be, U.S. production growth starts again," said Edward Morse, head of global commodities research at Citigroup.
Morse said he expects oil prices to stabilize, but that the Organization of Petroleum Exporting Countries will likely be forced into taking action and could cut production in the April, May time frame when prices are seasonally weaker. Saudi Arabia can easily weather lower prices, but other OPEC members cannot. If OPEC does not cut, West Texas Intermediate could drop to about $58 per barrel.

Saudi Arabia reportedly sees $60 as the level where prices will stabilize, after OPEC last week opted not to cut its production quota. U.S. oil futures were trading close to $66, nearly 40 percent off their June high, and Brent was just $69 per barrel Friday, trading lower after Saudi Aramco cut its January prices to Asia and the U.S.
"The problem for OPEC is if they don't blink, and let's say they do shut down the rate of production growth in the U.S., and they get a price back to where they like it to be, U.S. production growth starts again," said Edward Morse, head of global commodities research at Citigroup.
Morse said he expects oil prices to stabilize, but that the Organization of Petroleum Exporting Countries will likely be forced into taking action and could cut production in the April, May time frame when prices are seasonally weaker. Saudi Arabia can easily weather lower prices, but other OPEC members cannot. If OPEC does not cut, West Texas Intermediate could drop to about $58 per barrel.

Oil lost more than 12 percent after OPEC's decision last Thursday.

"The market is still looking for a new equilibrium below $70 (a barrel), which is a little surprising given that with the current prices much of the shale oil production in the U.S., or part of it, will be unprofitable," Commerzbank analyst Eugen Weinberg said, pointing to the potential impact on investment in shale oil in the United States.

With oil prices losing about 40 percent since June, the impact is felt around the world as oil-producers from Iraq to Nigeria are revising 2015 budgets to reflect lower prices.

Iran refrained from protesting against OPEC's decision to retain its production ceiling to maintain group solidarity, even though the move will not benefit all members, Iran's oil minister said in local media reports.

Slower than expected growth in China's manufacturing sector may add further downward pressure on oil. China's official Purchasing Managers' Index (PMI) slipped to 50.3 in November, a government study showed on Monday, lower than analyst forecasts of 50.6.

"In the fourth quarter, oil markets have lost the support of both the invisible hand of the U.S. Fed and OPEC," Petromatrix analyst Olivier Jakob said, referring to the Federal Reserve's move to phase out monetary stimulus for the U.S. economy.

Oil markets remain so focused on the upcoming meeting of the Organization of the Petroleum Exporting Countries that they have largely shaken off a number of positive developments on several fronts, including fundamental, financial and OPEC-related news, analysts at Morgan Stanley said in a note.

Libyan oil production has disappointed of late with more signs of trouble, and China’s crude processing volumes were strong in October despite much lower imports, the bank added by way of examples.
Oil markets have also been overly focused on Saudi Arabia’s crude-oil exports. Saudi Arabia’s crude-oil exports alone are not an accurate indicator of its petroleum supplies to the market as the kingdom has built massive new refineries to export fuels such as diesel and gasoline, Barclays analyst Miswin Mahesh said. Saudi Arabia is the No. 1 oil exporter in the world.

Combined data for crude-oil and petroleum product exports show that Saudi Arabia has already reduced its liquid fuel exports by around one million barrels a day from this year’s peak, he said.

Elsewhere in energy trading, Nymex gasoline for December RBZ4, -0.28% gained less than a penny to settle at $2.0438 a gallon. The contract has been up for two consecutive sessions.

December heating oil HOZ4, +0.26% fell 2 cents, or 0.9%, to $2.3590 a gallon on Nymex. Natural gas for december delivery NGZ14, +1.10% rose 13 cents, or 3%, to end at $4.3710 per million British thermal units on Nymex.

Oil prices could have a hard time finding a floor after Saudi Arabia trimmed prices in the face of growing North American oil production.
The market took the price cut this week as another sign the kingdom is willing to use pricing as a lever to preserve its market share, rather than cut production in what is now an oversupplied market. Even if it was not the intention, some traders took the Saudi move as a sign the kingdom would like falling prices to slow U.S. shale production.
U.S. West Texas Intermediate fell sharply on Tuesday, dipping close to the psychologically key $75-a-barrel level, before closing at a three-year low of $77.19, off $1.59 per barrel. Brent fell along with it to $82.82 a barrel, the lowest settle since October 2010, after Saudi Arabia set a new price in the U.S. 45 cents lower than November's level.
Tradition Energy analyst Gene McGillian said the next technical level he's watching for WTI is $74 a barrel, and it's not clear how much further it will fall.

Oil prices could have a hard time finding a floor after Saudi Arabia trimmed prices in the face of growing North American oil production.
The market took the price cut this week as another sign the kingdom is willing to use pricing as a lever to preserve its market share, rather than cut production in what is now an oversupplied market. Even if it was not the intention, some traders took the Saudi move as a sign the kingdom would like falling prices to slow U.S. shale production.
U.S. West Texas Intermediate fell sharply on Tuesday, dipping close to the psychologically key $75-a-barrel level, before closing at a three-year low of $77.19, off $1.59 per barrel. Brent fell along with it to $82.82 a barrel, the lowest settle since October 2010, after Saudi Arabia set a new price in the U.S. 45 cents lower than November's level.
Tradition Energy analyst Gene McGillian said the next technical level he's watching for WTI is $74 a barrel, and it's not clear how much further it will fall.