Markets in HK, US seem to be stabalizing. Bursa will slowly recovering as some small cap starting to move. UZMA should recover strongly as price not yet reflected recent contracts secured..
Oil prices dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and demand side. U.S. West Texas Intermediate crude is now down more than 25% this week, putting it on track for its worst week since December 2008, and its third largest weekly decline on record.
On Thursday WTI fell $2.04, or 6.2%, to trade at $30.95 per barrel. Earlier in the session it traded as low as $30.02.
International benchmark Brent crude fell $2.51, or 7%, to trade at $33.26 per barrel.
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude fell 98 cents, or 3.2% to trade at $29.07 per barrel, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate crude reversed all of an earlier 4.7% gain to shed $1.75, or 6.1%, and close at $26.95 per barrel, its lowest level since Feb. 2016.
Congratulations UZMA... however you got your awards at the wrong timing lah... whatever you get also the price will go down... jia lat!! Don’t know have to wait for how long to reach RM1...
Oil dropped 24% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude, and as rising worries about a global recession lead to fears of longer-term demand destruction.
U.S. West Texas Intermediate crude fell 24.4%, or $6.58, to settle at $20.37 per barrel, its lowest level since Feb. 2002. At the low of the day, the contract hit $20.06. It was WTI’s third worst day on record.
International benchmark Brent crude shed 14.1%, or $4.07, to trade at $24.67, its lowest level since 2003.
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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....
Ameera
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Posted by Ameera > 2020-03-03 13:01 | Report Abuse
How high can fetch?