The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family.
Our main objective is to make money and not make enemy.
For chart reference you may visit my page at
https://www.facebook.com/pages/Gila-Saham/536182926525672
As at 9.40 am 11 Feb 2015 Crude (WTI)USD50.75 Crude (brent)USD56.83 oil price hike up a bit due to strike in US which involve workers want better pay and benefit. OPEC prediction 3 years will maintain around USD60..my opinion this hike up is temporary..please be careful with O&G counters if u have small capital..set a target for profit and cut loss #my2cents
The outlook on oil prices is clear: Oil will crash. Unless prices surge. Definitely one or the other.
Crude just had the biggest two-week gain in 17 years, but it’s still about 50 percent cheaper than it was in June. The situation is volatile, and forecasts are all over the place — from as low as $20 a barrel forecast by Citigroup to as high as $200 a barrel seen by the head of OPEC.
So what’s going to happen next? Here’s a sampling of predictions from the last two weeks:
Oil will probably continue to decline to as low as $30 a barrel, said Gary Cohn, president of Goldman Sachs Group Inc. “We’re probably in the lower, longer view,” said Cohn, a former oil trader.
Oil has the potential to reach $200 per barrel from a lack of investment in new supply, warned OPEC’s Secretary General Abdell El-Badri. “If you don’t invest in oil and gas, you will see more than $200,” he said, without giving a time frame.
Shale oil will soon be needed to make up for production declines around the world, pushing U.S. prices to as high as $65 a barrel, the head of Astenbeck Capital Management wrote in a Feb. 2 letter obtained by Bloomberg News.
In a Bloomberg News survey of analysts and traders, 12 of 32 respondents predicted futures will decline through Feb. 13, while 10 forecast an increase.
“We don’t think we’ve seen the bottom yet,” said Giovanni Staunovo, a commodities analyst at UBS in Zurich. “We are establishing a bottom,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis, which oversees $2.4 billion. “In the long run, probably $60 is going to be your pivot point.”
Oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Barclays analyst Miswin Mahesh.
“The fundamental supply and demand does remind me of 1986 a bit, where we could go into a period in this decade of lower oil prices,” said BP CEO Bob Dudley. Prices may stay below $60 for as long as three years, he said. “It will be a long time before we see $100 again.”
Oil could fall to the $30 a barrel range, said Fumiya Kokubu, CEO of Tokyo-based Marubeni Corp. He said he doesn’t see much of a price rebound in the next two or three years.
The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, said Citigroup analyst Edward Morse. He sees a fourth-quarter rebound to about $75.
What’s an investor to think? In 2015, the average price is likely to be anywhere from $35 to $80, according to a Bloomberg Intelligence survey of 86 investment specialists. That’s a pretty big range.
To be fair, some of the forecasts above aren’t mutually exclusive. Some analysts think prices could drop further and then skyrocket once production dries up or there's a rebound in global demand, especially China. But the timing of a lasting turnaround in oil prices is murky at best.
The only thing that’s certain is more uncertainty. Probably.
simon i so steady d, becos this mornig saw transaction operator sapu 200k lot at 0.63c so nothing to worried. enjoy the coffee now hehehe if drop i top n top up.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 712 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13998 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Posted by simon84 > 2015-01-03 09:40 | Report Abuse
The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family. Our main objective is to make money and not make enemy. For chart reference you may visit my page at https://www.facebook.com/pages/Gila-Saham/536182926525672