Mukhang OPH na naman next week, Ser Jut?! TIA
Minor adjustment lang sabi sa radyo. Increase gas by .20. Rollback .10 for diesel.
Oil is below 50 again... rollback if this is sustuained...
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Unfortunately the high php/usd rate will likely offset any rollback, maybe cause a hike even.
Unwilling to give up their share to cheaper producers...
Brent oil drops below $50 amid fading hopes for OPEC output deal - NASDAQ.com
May price adjustment ba tomorrow?
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Below 48 a barrel, cant stop the oversupply.
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MIDEAST STOCKS-Markets may fall after Saudi loses steam, global slumpBrent crude oil futures have dropped to $47.83 per barrel because of worries about oversupply and growing doubts over whether oil producing countries can agree on a meaningful output cut later this month.
| Reuters
MOPS movement as of Nov 2: -0.49 on Gasoline and -0.62 on Diesel
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Its now 46.39
Its going down... bringing economies down with it.
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Looks like a definite rollback by next week if we based it only on crude oil prices unless dollar exchange will move up drastically
Market closed at 45.5 brent.
Opec is acting "medieval" and they think they "can" "control" markets lol.
Saudi Arabia Is Willing To Crash Oil Prices | OilPrice.com
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Around 80 cents rollback next week, the last time I checked.
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