Oil Price Watch

[uls]

haven't posted oil price in a while but it doesn't mean i'm not watching...

this can't be ignorned so i'm posting

[jakewise]

haven't posted oil price in a while but it doesn't mean i'm not watching...

this can't be ignorned so i'm posting

Wow, looks like a nose dive. What could have caused it?


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[uls]

Wow, looks like a nose dive. What could have caused it?


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rising covid cases in Europe and US --> kill hope of economic recovery

technicals -- resistance levels broken trigger selling

[jakewise]

rising covid cases in Europe and US --> kill hope of economic recovery

technicals -- resistance levels broken trigger selling

Does US politics also have an effect on it?


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[uls]

Does US politics also have an effect on it?


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if Biden wins it's actually bullish for oil coz he'll ban fracking

that will reduce US shale oil production which has been a headache for OPEC/Russia

so oil price falling is a sign Trump will win?

i dunno

[jakewise]

Yes I heard on the news that Biden plans to ban fracking if he wins, so I guess it looks like that if we based it on the oil price movement today. Let's see if it recovers tomorrow.

if Biden wins it's actually bullish for oil coz he'll ban fracking

that will reduce US shale oil production which has been a headache for OPEC/Russia

so oil price falling is a sign Trump will win?

i dunno

[uls]

i think it has something to do with news out of china today

re: fifth plenum

they have a clean energy goal

being the 2nd biggest oil consumer in the world... that gotta move oil prices

[jakewise]

thanks for all the info

i think it has something to do with news out of china today

re: fifth plenum

they have a clean energy goal

being the 2nd biggest oil consumer in the world... that gotta move oil prices

[111prez]

Rollback next week:

"GOOD NEWS mga motorista!!
Puro ROLLBACK sa petrolyo sa susunod na linggo.

Eto estimates:

Gasolina P0.90-P1.00/litro - DOWN

Diesel P0.80-P0.90/litro - DOWN

Kerosene P0.60-P0.70/litro - DOWN"

Source: Twitter

[Walter]

*uls ... you also do Gold and BTC? ...

[uls]

no bitcoin

yes gold exposure via etf GLD

[jut703]

no bitcoin

yes gold exposure via etf GLD

Real estate nagiinvest ka?

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[uls]

Real estate nagiinvest ka?

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Nope that's not my area

i only suggest financial market investments to the cousins/uncle

i suggested they buy GLD when the Fed lowered rates to zero to support the US economy when the pandemic hit

Fed funds rate:


GLD:


so far so good

bahala na sila sakin at the end of the year

re: real estate... they do

[111prez]

Dagdag-Bawas po tayo sa presyo ng petrolyo sa susunod na linggo!

Eto estimates:

GASOLINA P0.20-P0.30/L - DOWN

DIESEL P0.15-P0.25/L - UP

KEROSENE. P0.30-P0.50/L - UP

Source: Twitter

[jakewise]

Have you seen the oil trading today? It went as high as 42.77, does not look good

haven't posted oil price in a while but it doesn't mean i'm not watching...

this can't be ignorned so i'm posting

[uls]

Have you seen the oil trading today? It went as high as 42.77, does not look good

Yes Sir



coz it's risk-on

Pfizer has good news re vaccine

all the risk assets are up

[uls]

US stock futures




safe asset dump

[kagalingan]

Waste-Ed
15h ·
Is this the beginning of the end for Big Oil and its grip on our planet's resources? Shell's refinery in Convent, Louisiana, responsible for 211,000 barrels of oil every day, is the largest of its kind to shut down since covid devastated worldwide oil demand. Shell is reducing its 14 operating facilities to 6 by 2025, part of its plans to move away from fossil fuels and pursue alternative energy. They rank in the top 10 of the 100 companies responsible for 71% of all global emissions, so a change like this can't come soon enough!
ℹ️ Reuters

[111prez]

Nakupo!!

Bigtime ang magiging OIL PRICE HIKE sa susunod na linggo!
Tumaas ang presyo sa international market dahil sa positibong balita kaugnay sa vaccine kontra Covid-19.

Eto estimates:
Diesel P1.50-P1.60/L UP

Gasolina P1.10-P1.20/L UP

Kerosene P1.30-P1.40/L UP

SOURCE: Twitter

[uls]

well that was expected