Oil Price Watch

[pop3corn]

Ano ba Tagal nman tumaas? Sobrang traffic sa Edsa ngaun at kahapon. Natatamad tuloy ako manood ng expendables sa Rockwell, sobrang jologs manood sa Galleria eh may surot!

[Ry_Tower]

Ano ba Tagal nman tumaas? Sobrang traffic sa Edsa ngaun at kahapon. Natatamad tuloy ako manood ng expendables sa Rockwell, sobrang jologs manood sa Galleria eh may surot!

La na brent spot $113.80, bagsak na naman ng halos $3.10 simul kaninag 8am.

[uls]

La na brent spot $113.80, bagsak na naman ng halos $3.10 simul kaninag 8am.

that's futures price not spot

[c_cube]

Bukas ba ng gabi ang price increase? Malaki talaga ang 3 petot eh

Sent from my GT-P1000 using Tapatalk 2

[Monseratto]

Last week's price increase reprieve due to the monsoon flood has been withdrawn...taasan na!

Shell lifts price freeze over flood-affected areas
Euan Paolo C. Añonuevo, InterAksyon.com · Monday, August 20, 2012 · 12:44 am

MANILA, Philippines — Pilipinas Shell announced over the weekend that it is lifting the oil price freeze effective on Monday, August 20, in flood-stricken areas last week.

In a statement, the oil firm said the fuel price adjustments effective are as follows:

V-Power Nitro+ Gasoline and Racing: +P1.80
Kerosene:+P1.60
Diesel: +P1.50
Regular: +P1.70

Price movement effective only in: whole of NCR, Bulacan, Pampanga, Bataan, Zambales, and Rizal provinces. Sta.. Cruz and Pagsanjan in Laguna; Bacoor, Kawit and Rosario in Cavite.

[erick_214]

Hayzz...Sana maging P60 ulet yung unleaded para mabawas-bawasana ang traffic...Pero ang dapat ata na pataasin ay yung diesel eh para mabawasan yung mga jeep sa kalsada eh. Ang daming mga jeep at bus ang byahe ng byahe kahit na walang tao sa loob, nagagawa nila ito kasi mura diesel eh...Dapat baliktarin naman nila, yung diesel ang P60 at yung unleaded naman ang mura...

[Ry_Tower]

Hayzz...Sana maging P60 ulet yung unleaded para mabawas-bawasana ang traffic...Pero ang dapat ata na pataasin ay yung diesel eh para mabawasan yung mga jeep sa kalsada eh. Ang daming mga jeep at bus ang byahe ng byahe kahit na walang tao sa loob, nagagawa nila ito kasi mura diesel eh...Dapat baliktarin naman nila, yung diesel ang P60 at yung unleaded naman ang mura...

Hindi naman economical at papayagan ng market dito sa atin na baligtarin presyo. Overall pricing kasi yan hindi yung sa nakikita lang natin.

[renzo_d10]

Buti nalang full tank ako. :hysterical:

Sana pag paubos na gasolina ko balik 50 pesos ulit.

[uls]

Brent was definitely oversold at $88

now it's looking overbought at $115

i said this before -- the right price for Brent is $100

and did i say resistance was $109? when brent broke $109 it went all the way to the teens

previous resistance is now support

watch $109

if brent falls below $109 it will fall to the right price

[SRGuy]

Caltex ba nag taas na din?

[uls]

looks like Brent isnt going anywhere near $109



market risk appetite is strong

check out US 10 yr yield



low demand for safe haven

--

WTI above $97

[uls]

FRB: FOMC Minutes, July 31-August 1, 2012

The Committee had provided additional accommodation at its previous meeting by announcing the continuation of the maturity extension program through the end of the year, and more time was seen as necessary to evaluate the effects of that decision. Nonetheless, many members expected that at the end of 2014, the unemployment rate would still be well above their estimates of its longer-term normal rate and that inflation would be at or below the Committee's longer-run objective of 2 percent. A number of them indicated that additional accommodation could help foster a more rapid improvement in labor market conditions in an environment in which price pressures were likely to be subdued. Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery. Several members noted the benefits of accumulating further information that could help clarify the contours of the outlook for economic activity and inflation as well as the need for further policy action. One member judged that additional accommodation would likely not be effective in improving the economic outlook and viewed the potential costs associated with such action as unacceptably high. At the conclusion of the discussion, members agreed that they would closely monitor economic and financial developments and carefully weigh the potential benefits and costs of various tools in assessing whether additional policy action would be warranted.

that's QE3. more money printing coming soon. it's bad for the dollar

USD index


and what goes in the opposite direction?

oil

[Ry_Tower]

Nagtaas na ng fuel. Akala ko weekend pa.

[uls]

party pooper

http://www.reuters.com/article/2012/...86F00620120823

Concern over the outlook for the global economy sapped investor sentiment as did comments on Thursday from James Bullard, president of the Federal Reserve Bank of St. Louis.

Minutes from the latest Federal Reserve meeting released on Wednesday indicated the U.S. central bank might be ready for another round of monetary stimulus, or quantitative easing.

But Bullard, a non-voting member of the policy-making Federal Open Market Committee, said on CNBC television that U.S. data has been somewhat better since the July 31-August 1 meeting and the minutes were "a bit stale".

[renzo_d10]

Mahal na ng gasolina, 3 pesos ba ang tinaas?

[Ry_Tower]

Mahal na ng gasolina, 3 pesos ba ang tinaas?

Ganun na nga. P2.90 naman sa diesel.

Oil firms increase gas prices for 2nd time this week | Inquirer Business

At least kung mag-tuloy-tuloy ito eh wala na sa weekend.

[pop3corn]

Ganun na nga. P2.90 naman sa diesel.

Oil firms increase gas prices for 2nd time this week | Inquirer Business

At least kung mag-tuloy-tuloy ito eh wala na sa weekend.

Yehey! Sana tumaas pa lalo

[renzo_d10]

Hay naku OB you can say that kasi dali lang naman para sayo manghingi

[Monseratto]

Last week rise di kasali ang NCR dahil kay habagat, itong monday lang na implement. Tapos yung kahapon, iyan mismo para sa linggo na ito.

[Monseratto]

Lahat ata ng local premium gas may halong ethonal...

And, a little less obviously, woes from the drought in the Midwest spilled over into the gasoline market, as the dry weather hit corn crops, which are used to make ethanol, contributing to a rise in prices for the fuel additive.

Ethanol futures prices trade around $2.60 a gallon on the Chicago Board of Trade, up from about $2.06 in late June.

“Corn is the main ingredient of ethanol, which accounts for almost 10% of the volume of the gasoline that we put in our cars,” said Andrew Schrage, co-owner of Money Crashers Personal Finance.