Price jump comes after news oil producers will slash output by about 1.16 million barrels per day.
Oil prices have surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism. Brent oil futures jumped $4.30 to $84.19 a barrel on news output would be cut by about 1.16 million barrels per day, while US crude climbed $4.17 to $79.84. The change comes before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia.
Allocated less than 2% of my funds in Perdana. Dayang is super busy now no time even to meet vendors. Bought Perdana instead of Dayang as i reckon Perdana upside better now that charter rate improves
oil price doesn't affect much on the price. oil price will affect on capex expenditure of the oil producer like petronas, shell etc. high capex, more contracts. Perdana price depends on the contract secured which i believe O&G sector is booming right now. more contracts to come. just hold
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....
su1801
637 posts
Posted by su1801 > 2023-03-16 10:08 | Report Abuse
perdana... support.. support...