Oil Price Watch

[uls]

Prices now at $108.

I wonder how the market would react to QE from BoE and BoJ's move of asset purchases? Pero sabagay, mas mabigat yung weight nung announcement ng Saudi. They (OPEC) could probably just increase production a bit more.

yesterday afternoon nagreact na sa BoJ pero it didnt last

European Stocks Seen Buoyed by BOJ Easing
Wall Street Journal - ‎22 hours ago‎
The dollar was at Y79.17 from Y78.79, as the yen weakened after the BOJ move. November Nymex crude oil futures were up $0.60 at $96.22 per barrel and the November Brent oil contract was up $0.45 at $112.48.

too much selling pressure pag dating sa US session

[uls]

Brent support $105, WTI support $90

break below those levels could/would accelerate selling

WTI already $91

[niky]

Brent support $105, WTI support $90

break below those levels would accelerate selling

WTI already at $90

Oops. There goes Tar Sand development...

[uls]

i guess Brent at $107 cheap

buy!

[Ry_Tower]

i guess Brent at $107 cheap

buy!

Does the chickening of China also have something to do with this upward movement?

[uls]

nope

after falling that much the market considered brent oversold and started buying again

[uls]

WTI

Crude oil futures higher in Asian trading hours By Forexpros

Sep 21, 2012 03:00AM GMT

On the New York Mercantile Exchange, Crude oil futures for November delivery traded at USD93.02 a barrel at time of writing rising 0.65%.

It earlier traded at a session high USD93.22 a barrel. Crude oil was likely to find support at USD90.97 and resistance at USD99.78.

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brent support $105. but i think there are players defending $110

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the Saudis want oil at $100 but that would be too low for other producers

[threx666]

Any news if me rollback ngayong weekend?

[Ry_Tower]

Any news if me rollback ngayong weekend?

Mukhang malabo pati this weekend.

On the other hand, some interesting news. BBC News - CNOOC's Nexen bid: Shareholders approve $15.1bn deal

CNOOC had offered to pay $27.50 cash per share for Nexen in July, a 60% premium on its share price at the time.

However, the deal still needs to be approved by the Canadian government which has launched a review to access its benefit to Canada.

If approved, the deal will be China's largest foreign business takeover.

A wrong decision will have a very big impact on Canada's economy and has ramifications politically.

[uls]

diba nag rollback na? 43+ na diesel

[Ry_Tower]

diba nag rollback na? 43+ na diesel

Yup, pero iba ata yung gusto ni threxx666 eh. Yung malaking rollback.

[Noel Salisipan]

Pero bakit kaya halos mura ng 5pesos ang gasoline dito sa Western Pangasinan?

[threx666]

Hehehe di naman sir ry ,

Sabi nga nila kahit pasingko sing ko along basta tuloy tuloy ok na rin hehehehe

[BratPAQ]

may rollback daw tuesday midnight, kaya bukas paglabas nyo mura na ng 80 cents, although sa mga narinig kong magro-rollback di kasama chevron/caltex.

[Ry_Tower]

may rollback daw tuesday midnight, kaya bukas paglabas nyo mura na ng 80 cents, although sa mga narinig kong magro-rollback di kasama chevron/caltex.

Susunod din yan malamang.

*thre666: hehe, akala ko nga wala pa rollback na medyo malaki, meron na pala effective kaninang AM.

Brent still within the $110 range as mentioned by Uls. Hindi nakayanan ng powers ng Saudi na gawing $100 ah. hehe. US election on Nov 12. Baka Oct pa ipababa ito. hehe

[CVT]

Nay naku! Baryang roll-back....

Palaliman na lang ng bulsa sa traffic....

16.9K:spam:

[beni23]

Nay naku! Baryang roll-back....

Palaliman na lang ng bulsa sa traffic....

16.9K:spam:

Magtatas ng 5 magbaba ng 1. Hahaha. Wag na sila magrollback, nakakahiya naman sakanila!!!


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[Ry_Tower]

Dapat meron uli this weekend or early next week but most probably cents lang din.

[vinj]

Magtatas ng 5 magbaba ng 1. Hahaha. Wag na sila magrollback, nakakahiya naman sakanila!!!


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MAs mahal pa gastos sa mapower para i-adjust yung mga signage and inputs ng presyo.

[uls]

flight back to dollar



downside pressure on oil

WTI breaks $90 support