haven't seen a massive move like this in a while
$5 drop in one day
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Last December 2017, ang presyo ng Diesel dito sa amin ay Php33 per liter, ngayon nasa range na Php 42 - 43.60 per liter na , after only seven months. Kaya nga ako bumili ng second hand na Van, diesel ang fuel last two years ago ay mas mura ang Diesel, nag Php 26 to 27 pesos pa nga ito sa amin nuon at ang premium nasa Php 42 that time. Ngayon parang premium fuel ang binabayad ko. Hindi ko alam kung epekto ng Train Law, sabi ng iba yung daw, pati mga bilihin, mga sardinas etc ay nagtaasan. Kaya baka, bumili nalang ako ng second hand na motorsiklo. Sana madama naman ng ating Gobyerno, hirap na dinadanas natin. Salamat.
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^^
ung sinasabi mo na P33 per liter last December na ngayon P42 to 43 per liter
ang contribution ng train law P3.00 increase
the rest dahil po sa pag taas ng presyo ng crude oil
^human factor which is greed
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lots of explanations for that 5 dollar drop
but what made most sense to me is hedge funds decided to take profits after brent couldn't go any higher
though brent remained elevated (above $77) for some time it failed to hit $80 like it did in May
hedge funds just gave up and cashed in
Last edited by uls; July 13th, 2018 at 01:10 PM.
Salamat may Roll back next week
Diesel 1.00-1.10
Gaso 0.70- 1.00
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LONDON, July 23 (Reuters) - Hedge fund managers have slashed bullish long positions in petroleum at the fastest rate in more than a year, as the gentle profit-taking in previous weeks turned into a rush for the exit.
Hedge funds and other money managers cut their combined net long position in the six most important futures and options contracts linked to petroleum prices by 178 million barrels in the week to July 17.
Net long positions were reduced by the third-largest number of barrels on record, according to an analysis of data published by regulators and exchanges going back to the first quarter of 2013.
The net long position in petroleum was cut below 1 billion barrels for the first time since the middle of September 2017.
The reduction was concentrated on the long side of the market, where positions were slashed by 170 million barrels, as managers took profits after the year-long rally in oil prices.
Bad News mga motorista! Malaki-laki ang #OILPRICEHIKE next week.
Eto estimates:
Gasolina P1.00-P1.50/L[emoji651]️
Diesel P0.90-P1.00/L[emoji651]️
Kero P0.70-P0.80/L [emoji651]️
https://twitter.com/alvinelchico/status/1 23141362 64 23553/photo/1
Last edited by Monseratto; July 28th, 2018 at 11:46 PM.
ADVISORY
Shell fuel price adjustments effective 6AM, July 31, 2018:
GASOLINE P1.15/L ⬆️
DIESEL P0.95/L ⬆️
KEROSENE P 0.85/L ⬆️
FURL PRICE HIKE next week estimates:
Diesel: P0.20-P0.30/L
Gasoline: P0.05-P0.10/L
Kerosene: P0-P0.05/L