Oil Price Watch

[uls]

[uls]

when was the last time you saw a rally like this?

57 --> 58 --> 59

overnight

[CVT]

when was the last time you saw a rally like this?

57 --> 58 --> 59

overnight

Yes bro.

Our industry has also taken off at oil prices consistently higher than $50 a barrel.

High price of oil + increase in government tax - hmmmm....

[StockEngine]

shale is 😁

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[uls]

remember all those news articles saying the Philippines is a big beneficiary of falling oil prices?

like this one from 2014

PH biggest beneficiary of falling oil prices | Inquirer Business

guess what happens when oil prices go in the other direction

[Monseratto]

USD 4.00 increase in one day... :P

Brent crude oil hits highest level since July 2015

Brent crude oil rose above $59 a barrel on Monday to its highest in more than two years, lifted by fast-growing demand and a threat to Iraqi Kurdistan’s crude exports as the autonomous region holds a referendum on independence.

BP’s top oil trader in Asia said the crude market had turned a corner after a three-year slump, with consumption boosted by lower prices and excess inventories finally declining thanks to Opec’s efforts to cut production.

[Monseratto]

US refineries affected by Harvey are coming back on line...


Oil falls as U.S. data shows mixed picture | Reuters

U.S. crude production rose to 9.55 million barrels per day (bpd) last week, higher than before Harvey hit the Gulf Coast.

That complicates efforts by the Organization of the Petroleum Exporting Countries and other major producers to push oil higher through output curbs, as every hike in price encourages more U.S. production.

[Leo_Arz]

Estimated OILPRICEHIKE next week:
DIESEL P0.30-P0.40/L
GASOLINE P0.20-P0.30/L
KEROSENE P0.50-P0.60/L


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[Monseratto]

Fuel price change
of SHELL effective Tues 0600H, 03 October 2017.

Gas: +0.25/L
Kero: +0.55/L
Diesel: +0.55/L

[StockEngine]

thanks to Shale that price increase isnt crippling..

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[jaggerx3]

Nagpa full tank na ako. Since ang laki ng itataas ng diesel.

OT: Euro 5 na sila

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[StockEngine]

Nagpa full tank na ako. Since ang laki ng itataas ng diesel.

OT: Euro 5 na sila

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s&r discount?

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[jaggerx3]

Nagpa full tank na ako. Since ang laki ng itataas ng diesel.

OT: Euro 5 na sila

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Yes! Forgot to.mention [emoji16]

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[winter789]

Nagpa full tank na ako. Since ang laki ng itataas ng diesel.

OT: Euro 5 na sila

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Lahat po ba ng diesel ng unioil Euro 5? Pati yung cheapest variant?

[Monseratto]

Oil falls to below $56 on signs of higher output | Reuters

Middle Eastern oil producers are concerned the price rise will only stir U.S. shale producers into more drilling and push prices lower again. Key OPEC producers consider a price above $60 as encouraging too much shale output.

Technical charts suggest the rally may be running out of steam. Jakob of Petromatrix said Brent’s weekly chart had formed a “shooting star,” a pattern seen as indicating a market has reached a top.

[StockEngine]

Shale to the rescue of Filipino wallets 😁

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[crazy_boy]

Nagpa full tank na ako. Since ang laki ng itataas ng diesel.

OT: Euro 5 na sila

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Yes. All Euro5 na daw si Unioil. Pero i noticed theyre not the cheapest anymore hehe


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[uls]

why oil prices pulled back

it's not shale

[StockEngine]

Thanks non-Opec

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[uls]

brent back above 56