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  1. Monseratto's Avatar
    Monseratto
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    November 4th, 2017 11:00 AM #4361
    Quote Originally Posted by uls View Post
    brent ends the week above 62

    keep an eye on wti

    it broke above a key resistance level
    Holiday road trips are gonna cost more... hehehe.
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  2. CVT's Avatar
    CVT
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    November 4th, 2017 11:51 AM #4362
    Quote Originally Posted by uls View Post
    brent ends the week above 62

    keep an eye on wti

    it broke above a key resistance level
    Thanks bro.

    Pakarga na ako pag uwi...

    "Fill her up"😍
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  3. uls's Avatar
    uls
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    November 4th, 2017 11:58 AM #4363
    Quote Originally Posted by CVT View Post
    Thanks bro.

    Pakarga na ako pag uwi...

    "Fill her up"��
    Sir pls wait for actual announcement of pump price hike or rollback

    crude oil prices and prices at the pump do not necessarily correlate
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  4. CVT's Avatar
    CVT
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    November 4th, 2017 12:06 PM #4364
    Quote Originally Posted by uls View Post
    Sir pls wait for actual announcement of pump price hike or rollback

    crude oil prices and prices at the pump do not necessarily correlate
    Mas naniniwala ako as numbers mo bro e...

    Okay rin lang kasi I can only fill up so much...

    Thanks again... Profound insight for me...
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  5. kinyo
    kinyo is offline Tsikot Member Rank 4
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    November 4th, 2017 07:10 PM #4365
    Makabawas trapik sana ang price hike.
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  6. StockEngine's Avatar
    StockEngine
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    November 4th, 2017 07:16 PM #4366
    Quote Originally Posted by kinyo View Post
    Makabawas trapik sana ang price hike.
    liit ng hike.. any car owner is making 5-6figures..

    2 figure price hike for a full tank is negligible...

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  7. jigeloh
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    November 4th, 2017 07:24 PM #4367
    Quote Originally Posted by kinyo View Post
    Makabawas trapik sana ang price hike.
    Hindi pa yan, wait mo mag-60.


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  8. Monseratto's Avatar
    Monseratto
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    November 4th, 2017 07:49 PM #4368
    For the 3rd straight week, may OIL PRICE HIKE na naman.

    Eto estimates:

    Gasolina P0.80-P0.90/L

    Diesel P0.50-P0.60/L

    Kerosene P0.70-P0.80/L
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  9. Monseratto's Avatar
    Monseratto
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    November 7th, 2017 07:15 AM #4369
    Boom!





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  10. BlancNoir's Avatar
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    November 7th, 2017 07:41 AM #4370
    Based on yearly chart ng brent, if it can maintain 60+ level this week/month, expect na lumipad pa hanggang 80 and maybe consolidate at that range. 😓

    Also, tama si stock engine. Almost all car owners earn 5 to 6 figures kaya any increase is negligible up to a certain amount. Wag lang 100/L kasi ibang usapan na yun.

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  11. Monseratto's Avatar
    Monseratto
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    November 7th, 2017 08:41 AM #4371
    Purge in the house of Saud...

    https://www.cnbc.com/2017/11/06/oil-...ay-market.html


    tightening crude supply; improving global crude demand; continuing drawdowns in global crude stocks...

    Brent tops symbolic $6 level amid signs of tighter supplies - Kuwait Times | Kuwait Times
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  12. uls's Avatar
    uls
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    November 7th, 2017 10:21 AM #4372
    when the price of the nearest month contract is higher than prices of contracts months further out that means supply is tight

    it's a situation called backwardation

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    November 7th, 2017 10:25 AM #4373
    Quote Originally Posted by uls View Post
    when the price of the nearest month contract is higher than prices of contracts months further out that means supply is tight

    it's a situation called backwardation

    Anong app yan?
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  14. uls's Avatar
    uls
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    November 7th, 2017 10:26 AM #4374
    the opposite of backwardation is called contango (when contract prices months further out are higher near month price)

    i've been watching the futures curve and noticed brent flipped from contango to backwardation some time ago

    i did mention it here several posts ago
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    uls
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    November 7th, 2017 10:29 AM #4375
    August 23

    page 428

    Quote Originally Posted by uls View Post
    notice something?

    cash price for brent is higher than futures prices all the way out to May 2018

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  16. sprokolok
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    November 7th, 2017 10:32 AM #4376
    Quote Originally Posted by uls View Post
    August 23

    page 428
    interesting but which value should we watch out for based on the picture?

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    November 7th, 2017 10:34 AM #4377
    even WTI has flipped to backwardation a bit



    brent flipped first

    there's a lot of crude oil inside the the US which suppresses wti price
    Last edited by uls; November 7th, 2017 at 10:39 AM.
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    uls
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    November 7th, 2017 10:35 AM #4378
    Quote Originally Posted by sprokolok View Post
    interesting but which value should we watch out for based on the picture?

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    always the nearest month futures contract (or they call it front month)

    the one after cash

    -

    i don't just look at one, i look at the curve

    if it slopes up or down

    that tells abundance or scarcity
    Last edited by uls; November 7th, 2017 at 10:37 AM.
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  19. StockEngine's Avatar
    StockEngine
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    November 11th, 2017 04:14 AM #4379
    Is Saudi Arabia Lying about Its Oil Inventories? | OilPrice.com

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    November 11th, 2017 10:18 AM #4380
    Quote Originally Posted by StockEngine View Post
    Is Saudi Arabia Lying about Its Oil Inventories? | OilPrice.com

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    Why the hell not if it could drive prices up. :grin;
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