This QR was reflected when the oil price below $30 dollar, it's within the estimation... Now oil price already above $60 dollar, the next QR will be super outstanding !
Yes, OPEC ministers meeting today will know the outcome... I think it will be a superb good news and oil price immediately will spike up towards the $80 level...
Don’t worry, economy is started to be prosperous, You can see most of the counters of consumer, property, construction started to spike up like mad e.g BJCorp, MKland, Ekovest and many many more counters in other sectors also spike up to sky high ! I think oil price post pandemic also will rise above USD $80 in soonest of time ! So, the next theme will be O&G counters to spike up like mad since O&G counters is the sector which it’s share price still at it’s record lowest price & still not yet move up !
NEW YORK: Oil prices settled up more than US$2 Thursday despite news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude settled up US$2.12, or 3.4%, to $64.86 a barrel. U.S. oil settled up $2.29, or 3.9%, at $61.45 a barrel...
LONDON, April 27 (Reuters): Oil rebounded to $66 a barrel on Tuesday on speculation that a meeting of producer group OPEC+ may tweak oil output policy to address India's coronavirus crisis that could dent fuel demand.
OPEC and allies will hold a monitoring meeting on Tuesday instead of April 28 as planned earlier.
Oil prices rose Wednesday after the OPEC+ alliance made bullish predictions signaling a strong global oil demand recovery this year despite COVID-19 flare-ups in India and an expected build in U.S. crude stocks. International benchmark Brent crude was trading at $66.17 per barrel at 6:43 a.m. GMT for a 0.45% rise after closing Tuesday at $65.87 per barrel.....
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....
JT1969
377 posts
Posted by JT1969 > 2021-03-31 17:43 | Report Abuse
QR out - huge loss.