This call share, sometime up sometime down. Sometime can sell at high price and sometime can collect at low. So good..... if all the way high no fun.... like playing games pull and release.
Crude Oil Brent rises above $59 on hopes of economic recovery By Reuters / Reuters | February 24, 2015 : 10:43 AM MYT Share on facebookShare on twitter Printer-friendly versionSend by emailPDF version SINGAPORE (Feb 24): Brent edged above $59 a barrel on Tuesday after a 2-percent slide the session before, buoyed by cautious optimism on the outlook for the global economy.
But the international oil benchmark is still 6-percent off a peak reached a week ago as worries about oversupply fester.
April Brent had risen 32 cents to $59.22 by 0236 GMT, while front-month U.S. crude was up 10 cents at $49.55.
"People are starting to get a sense of economic recovery and that's providing a bit of support and an underlying stream of confidence," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.
German business morale inched up to a seven-month high in February, the Ifo index showed on Monday.
Investors will be looking for other rays of hope in a slew of economic data from Europe and the United States later on Tuesday, including numbers on German GDP and U.S. consumer confidence.
Barratt added that the previous day's slide in oil prices could also have spurred some short-covering from investors.
Crude rose briefly on Monday when the Financial Times cited Nigeria's oil minister as saying the country would call an OPEC extraordinary meeting if prices fell further. But lingering doubts stemming from key Gulf OPEC members' resistance to curb production pared gains.
Oversupply worries also capped further upside momentum, with crude inventories in the United States expected to have increased by 4 million barrels to a record high in the week ending Feb. 20, a preliminary Reuters survey showed on Monday.
Refinery woes have also weighed on crude prices. The largest U.S. refinery strike in 35 years affecting 12 refineries that account for a fifth of national production capacity continued into its fourth week, and talks are not expected to resume this week.
no more weapons for OPEC to operate high level of oil price because any increase will encourage shale oil producers to pump more....we may have low oil price for many years to come...
all reseach house already posted before for 2014, perisai result will not be drastically bad, only forcast for 2015 and 2016 will be challenging if they canot get new contract
I m out guys... Wait till 50 sen back.. A Source from investing.com forum says that oil price will going down at rate 1 dollar per day... Tomorrow maybe yesterday at 49 today at 48 tomorrow maybe hit 47 and so on... We will not know what the support is. maybe will hit new low at 40.. Plz study oil price movement to trade in this counter.. What i see it almost have a direct relation
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newbiehere
197 posts
Posted by newbiehere > 2015-02-24 08:51 | Report Abuse
my prediction since last week is correct. but people like stonenut wont listen.