Posted by tkl88 > 2020-04-23 07:02 | Report Abuse

Wow, Fantastic,
Oil price started it’s bull run again !

Nymex closed at=> $13.78 (rose +19%)
Brent closed at=> $20.37 (rose +5%)

Posted by tkl88 > 2020-04-23 07:32 | Report Abuse

International oil prices rebound following Trump warning

April 22, 2020 8:09 pm by Myles McCormick and Joe Rennison in London, Hudson Lockett in Hong Kong and Matthew Rocco in New York

Brent bounces back from two-decade low after US president takes aim at Iranian vessels

Oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, saying that he had ordered US warships to “shoot down and destroy” Iranian vessels if they posed a threat.
The US president’s intervention sent Brent crude back above $20 a barrel after the international benchmark had tumbled to its lowest level since 1999 on concerns over the collapse in global oil demand.
The declaration from Mr Trump also helped buoy the high-yield bond market, which is heavily exposed to the fate of energy companies. BlackRock’s iShare high-yield bond exchange traded fund, known by its ticker HYG, rose 1 per cent, having dipped 1.8 per cent on Tuesday.

“I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Mr Trump wrote in a tweet.
The prospect of renewed tensions in the Middle East gave crude a lift during a week where prices have struggled to contend with an evaporation in demand triggered by the coronavirus pandemic.

Brent rose as high as $22.45 a barrel and settled at $20.37, up more than 5 per cent on the day. The energy sector helped lead a rally on Wall Street that sent the benchmark S&P 500 up 2.3 per cent following two days of falls. The tech-heavy Nasdaq Composite closed up 2.8 per cent.
West Texas Intermediate, the US marker, rose 19 per cent to $13.78 a barrel. It almost halved during the previous session and earlier in the week fell into negative territory for the first time as producers were forced to pay buyers to take oil off their hands ahead of the expiry of futures contracts.

Brent crude remains down about 27 per cent so far this week. Oil production levels have remained robust even as the virus destroys demand, creating a supply glut. An unprecedented cut of almost 10 per cent of global supply by Opec and its allies will take effect next month, but traders worry it is not enough to offset the collapse in consumption.
The head of the International Energy Agency on Tuesday called for the output reductions to be expedited and deepened. Opec members met by phone overnight, but there was no sign they would change their plans.

Posted by JoshuaMS7 > 2020-04-23 08:26 | Report Abuse

https://www.cnbc.com/2020/04/22/us-oil-production-plunges-as-the-indus...
Buy call? Getting more shale gg and production cut!!

Posted by JoshuaMS7 > 2020-04-23 11:15 | Report Abuse

waa oil price crazy up!! buy buy buy!!

Posted by CITADEL > 2020-04-23 11:22 | Report Abuse

wow so good up one bid!!!

Posted by JoshuaMS7 > 2020-04-23 12:35 | Report Abuse

wti and brent up another 10% from yesterday spike 20%!! Gogogo!!

Posted by Expertise > 2020-04-23 13:06 | Report Abuse

Wow another 10% up

Posted by tkl88 > 2020-04-23 13:29 | Report Abuse

Wow, Marvelous !
Oil price continue to spike up !

As at 1.27pm,
Nymex at=> $15.77 (+1.99) (+14.4 %)
Brent at=> $22.87 (+2.50) (+12.3 %)

Posted by apanama > 2020-04-23 15:51 | Report Abuse

Dont worry la...Brent is heading towards USD 25

Posted by armadatuah2017 > 2020-04-23 16:58 | Report Abuse

shale oil collapse will soon lift up brent crude..was waiting for BA to drop more but it doesnt...0.115 collected already disposed at 0.18...too bad....

Posted by armadatuah2017 > 2020-04-23 17:00 | Report Abuse

IDSS still not lifted. that had stabilise price a lot. hopefully new Bursa CEO will monitor the trading to be more healthier than previous bitch

Posted by Investsucess Trader > 2020-04-23 21:17 | Report Abuse

After April .....

Posted by signalmw > 2020-04-23 22:04 | Report Abuse

全球石油市场面临一个显而易见的问题：布兰特原油可不可以这样？答案是可以。

ICE欧洲期货交易所周二晚间证实，正在就负油价的可能性为多个布兰特合约做准备，以备不时之需，

Posted by Silent75 > 2020-04-23 22:23 | Report Abuse

When will the Qr report out?? Any idea?

Posted by evan > 2020-04-23 22:55 | Report Abuse

Brent will expire next week and bullish traders will get trapped muahahaha!

Posted by tkl88 > 2020-04-23 23:04 | Report Abuse

Wow, Awesome!
Oil price continue to spike up to sky high !
Nymex now at=> $17.83 (+4.05) (+29.39%) !

Posted by KAQ4468 > 2020-04-23 23:31 | Report Abuse

50 cents kasi mari ... Next year

Posted by JoshuaMS7 > 2020-04-24 07:53 | Report Abuse

Mean this few days Brent might turn red easily to negative since it's going to expire next week?

Posted by apanama > 2020-04-24 08:26 | Report Abuse

Dont worry..Brent is heading towards USD 25-27 for short term..

Posted by Mohdalim > 2020-04-24 08:32 | Report Abuse

U.S. Crude Oil Jumps 75% in 2 Days, Going From Cold to Hot - https://uk.investing.com/news/commodities-news/us-crude-oil-jumps-75-in-2-days-going-from-cold-to-hot-2103386

Posted by evan > 2020-04-24 10:57 | Report Abuse

Brent expire in a week, short-selling coming back. Wait you guys get trap xD

Posted by evan > 2020-04-24 11:06 | Report Abuse

How can share price stays the same when Brent falls from 28/30 to 21/22? Smart investors call this a bubble.

Posted by armadatuah2017 > 2020-04-24 11:39 | Report Abuse

stfu la evan. piece of thrash.

Posted by armadatuah2017 > 2020-04-24 11:42 | Report Abuse

you dont have anything in hands..apa lancao mindset you have here.. cant wait for the massive slump just to have a laugh at others with shares in hand...

Posted by armadatuah2017 > 2020-04-24 11:42 |

Post removed.Why?

Posted by evan > 2020-04-24 11:42 | Report Abuse

Why? You are afraid of the truths and facts? LMAO you confirm get trapped.

Posted by armadatuah2017 > 2020-04-24 11:42 | Report Abuse

but anyway, the price must slump to start collectiny

Posted by evan > 2020-04-24 11:44 | Report Abuse

How about sell before slump and start collecting after slump? Maybe you don't understand about this, consider me teaching you.

Posted by evan > 2020-04-24 11:47 | Report Abuse

I mean no offense to those who hold shares, just think about the oil price and this share price, how can it be the same when oil falls so many? Some more Brent are expiring on 30 April + Short selling coming back on 30 April. Really good luck to those who hold.

Posted by evan > 2020-04-24 12:04 | Report Abuse

Don't cry when you made loss. I have stated facts to educate you a little, I know I am a bit offensive but I would rather be offensive than you losing money. :)

Posted by stklearner > 2020-04-24 12:16 | Report Abuse

why is energy index turn frm -0.8% to up +0.5% n refuse to go down ? Can some experts shed some light, a bit confused..

Posted by evan > 2020-04-24 14:17 | Report Abuse

See oil price now LMAO. Confirm trap trap trap, dont say i didnt warn you guy about Brent expiration + IDSS coming back.

Posted by Cnlim > 2020-04-24 14:25 | Report Abuse

Know need to warn people in the market unless you are expert people in the market or oil expert logically at low price say trap you should ask people to sell above 40cts n above 3 months ago

Posted by Cnlim > 2020-04-24 14:25 | Report Abuse

Know need to warn people in the market unless you are expert people in the market or oil expert logically at low price say trap you should ask people to sell above 40cts n above 3 months ago

Posted by DavidKhoo118 > 2020-04-24 14:26 | Report Abuse

stklearner why is energy index turn frm -0.8% to up +0.5% n refuse to go down ? Can some experts shed some light, a bit confused..
24/04/2020 12:16 PM

i no expert, but read somewhere tht 'why' will only get u entangled into analysis paralysis.
U only want to get a meal or two here, not stay for supper as well isnt it ? kakaka

maybe, try 1) What is the near-term trend ? ,
2a) if up, what is a safe entry pt, 0.17 c maybe, exit 18.5-19.5 ?
2b) if down, do nothing,look elsewhere lor

Posted by stklearner > 2020-04-24 14:37 | Report Abuse

@Davidkhoo i am long-term investor lah, ok,will monitor n c, u miss out the important cutloss, i figure tht out myself, tq ya.

Posted by GoodTrade > 2020-04-24 14:44 | Report Abuse

Bad news from Petronas ... Petronas is said to have reduced the number of its fully active rigs from 18 to 4 since oil price began dropping late last year ... Petronas had shut down or warm-stacked 14 projects until oil price recovers to break even levels, an industry publication reported, quoting sources ...

Posted by apanama > 2020-04-24 15:19 | Report Abuse

Why so takut ..Brent steady above USD 20..its normal la break to USD 19..well support above USD 20..dont worry la..USD 25 is in making..

Posted by bux0880 > 2020-04-24 16:26 | Report Abuse

How many times did you pump petrol for in the past 30 days? Don't expect oil to rebound in near term. Even Petronas cut employees salary (no sure if they cut the bullshit too)

Posted by evan > 2020-04-24 16:32 | Report Abuse

I guess I was right. No point bashing me, I know I give my opinions based on facts, although it may hurt your feeling but it will be better than hurting your wallet.

Posted by GoodTrade > 2020-04-24 18:46 | Report Abuse

Next week is quite eventful ... Thursday is Brent oil June2020 contract expiry date, no sure whether any oil price collapse or not ... Friday suppose to be able to do short selling for IDSS, no sure whether Bursa would announce extension or not ... Could be a roller coaster week ...

Posted by Mabel > 2020-04-24 23:21 | Report Abuse

Lovely...

My Black Pearl Armada auto cruise is so reliable.

She can defend herself very well...hence it so easy to manage this counter...always steady as usual...no need to monitor everyday...she knows how to take good care of herself...

See you all at 60...

Remember to start engage when she breaches 50...Armada Operator will not let her cross 60 sen based on last year track record. 55 is the target. Upside is Claire Court Case Appeal.

Meow..

Posted by apanama > 2020-04-25 10:15 | Report Abuse

WTI crash ..all talk about Brent to crash..without notice shutdown operation and production cut is coming..dont worry too much la..USD 25 is in making..if takut buy tong drum and go inside the tong drum..creating fear for you to buy at bottom is cheapskate strategy..:)

Posted by Investsucess Trader > 2020-04-25 19:08 | Report Abuse

Duduk diam diam di rumah, jangan beli minggu depan, bahaya...

Posted by mike > 2020-04-25 23:10 | Report Abuse

30usd oilprice oil company heavy losses now below 20 aiyoyo

Posted by Mabel > 2020-04-26 05:13 | Report Abuse

BTW what happens to InvestorKing?

Don't see him much lately...

Meow

Posted by paktua73 > 2020-04-26 06:51 | Report Abuse

Paktua calling all general rebellions out there..

calling calling all general rebellions..
come come..
come to..kondo janda dayang..
let we holidays in kondo janda kyy ..
kondo janda dayang ex-janda kyy still cun cun..

janda dayang fuhhhhh..meleleh..
lia pinya pukulan..ramai terkulai..
even kyy surrender woo

https://youtu.be/YTHhd8RyURo

ihik ihik
have good weekend..


tut tut

Posted by KuffDam > 2020-04-26 09:20 | Report Abuse

7b debts @ Dec19. Can they meet obligations? Or like Sapura need to restructure? That is only worry.

Posted by Mabel > 2020-04-26 16:32 | Report Abuse

Don't worry..

Leave that matter to AK..

He knows how to handle this..

Posted by nasrulfahmi > 2020-04-26 18:40 | Report Abuse

20 sen please