Oil hike from 24 oras
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JUST IN: Another oil price hike on March 19.
Petro Gazz:
Diesel P0.30/L
Gasoline P1.45/L
Other companies are expected to implement the same rates.
hedge funds trade futures (paper oil)
physical traders buy and sell the real stuff
physical traders notice weak demand before anyone else
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Mas malaking rollback sa diesel, considering kokonti lang ang price hike nito in the past few weeks... hehehe
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Last edited by Monseratto; March 29th, 2019 at 07:45 PM.
Seems like demand is going down due to the less heating needed by the westerners.
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Point is there are other factors moving oil prices
More important factors like Saudi/OPEC policy and geopolitics
took a while but we're here
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Last edited by uls; April 6th, 2019 at 10:52 AM.
Brent jumps past 71 at the opening because of Tripoli... Tight oil supply just got tighter.