Oil Price Watch

[uls]

and we're solidly above 79

[uls]

in case nobody noticed

the spread between brent and wti has widened to $8

a lot of oil being produced from US shale but infrastructure bottleneck limiting the amount of oil reaching refineries and export terminals causing inventory buildup

Brent doesn't have that problem

rest of the world more worried about Iran and Venezuela

[Monseratto]

and we're solidly above 79

Will we see Brent touching 80 before the week ends?

[Monseratto]

in case nobody noticed

the spread between brent and wti has widened to $8

a lot of oil being produced from US shale but infrastructure bottleneck limiting the amount of oil reaching refineries and export terminals causing inventory buildup

Short sightedness of the US producers... Everyone was shunning oil investment just two years ago and not building new infrastructure.

[uls]

Will we see Brent touching 80 before the week ends?

possible

sentiment is bullish (OECD inventory below 5 year average, Iran and Venezuela)

the only thing to counter the bullishness is US shale oil production (already 10 million barrels per day)

if the US can only export their oil fast enough they can bring down the price of Brent

[uls]

Short sightedness of the US producers... Everyone was shunning oil investment just two years ago and not building new infrastructure.

didn't build more pipelines

or pipeline-building didn't keep up with the speed of oil production

[br733]

and dubai crude is doing 74.60 now.

we are just $6 away from the $80 threshold average for which excise tax increase for fuels will be rolled back.

to qualify, dubai crude has to average $80 from oct 2018 to dec 2018 and excise tax for fuels will be automatically rolled back.

$80 dubai looks probable at the rate oil rose the past 45 days .

but a correction shouldn't be far away.

[uls]

$80 brent is only hours away i think

not days

[uls]

80

[Monseratto]

Two Dollar bump equals to a peso fuel hike?...

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[mokong22]

Two Dollar bump equals to a peso fuel hike?...

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Sa calculation ko nasa .60cents

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[Monseratto]

Oil peaked to a high of P 80.80... last seen on 2014. Pull back now to P 79.68

USD 50.00 clawback from the lows...

[uls]

profit taking




i think speculators in oil futures are now disconnected from reality

physical traders (the guys who actually buy and sell physical crude oil, not paper barrels) say there's plenty of oil right now

[Leo_Arz]

#oilpricehikenanaman NEXT WEEK.
GASOLINA P1.50-P1.60/L
DIESEL P1.00-P1.10/L
KEROSENE P0.85-P0.95/L


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[c_cube]

#oilpricehikenanaman NEXT WEEK.
GASOLINA P1.50-P1.60/L
DIESEL P1.00-P1.10/L
KEROSENE P0.85-P0.95/L


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Last yr lang naaalala ko full tank ko less than 2k lang.

Ngayon 3k na full tank ko.

2 weeks na nakaparada kotse ko [emoji23]

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[StockEngine]

nasa 40.35 ngayon

next week 41.35-41.45 not bad

FOCUS

[jaggerx3]

On my way to Mabini, Batangas. Mas mura ba fuel sa area na yun compared dito sa Sucat? Thanks

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[reddik2017]

On my way to Mabini, Batangas. Mas mura ba fuel sa area na yun compared dito sa Sucat? Thanks

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Yes,based on experience, cheaper by around 2 pesos per liter sa batangas (cavite as well) area compared sa MM...both diesel and gasoline. Huwag ka lang mag gas up along expressways at parang MM lang ang price per liter.

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[jaggerx3]

Yes,based on experience, cheaper by around 2 pesos per liter sa batangas (cavite as well) area compared sa MM...both diesel and gasoline. Huwag ka lang mag gas up along expressways at parang MM lang ang price per liter.

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Mas mababa nga dito, 40/L ang Diesel [emoji4]

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[uls]

My view this week

Downside presssure on brent

Geopolitical risk already priced in

Unlikely anything new comes up to surprise to the upside