Oil Price Watch

[uls]

last week:

overbought... oversold... overbought... oversold... in search of equilibrium... $112. looks equilibrium-y doesnt it?

and after a week of push & pull Brent ends this week at what price? $112

[Ry_Tower]

Same as before. Can't even touch $110. Still same equilibrium. Guess no oil price rollback this weekend.

[uls]

the spread between Brent and WTI has widened to over $20

[Ry_Tower]

Brent nagtaas for the first time in 3 days after just minor changes in the past 2 weeks.

The tension in the ME has more weight than the economic slowdown.

[Batangenyo]

Mura pala ng 2 pesos gas dyan sa manila, dito sa batangas 54.55 petot

[dfopiso]

^ dahil yata sa inland transpo

diba merong oil depot sa batangas?

[niky]

^ dahil yata sa inland transpo

diba merong oil depot sa batangas?

There's an oil depot in Pandacan right by Malacanang. And their gas prices are still 2 pesos higher than ours in Laguna.

[uls]

gas station pricing depends competition in the area

[Batangenyo]

^ dahil yata sa inland transpo

diba merong oil depot sa batangas?

Yes sir di ko din alam bakit ganon! Pumunta kayo sa Tagaytay mas mura naman ng 3pesos

[uls]

everybody thought the exchange between Turkey and Syria would be short-lived

but they're still at it

Turkey sent fighter jets to the border

now this --

http://online.wsj.com/article/SB1000...668888326.html

ISTANBUL—Turkey scrambled fighter planes late Wednesday to force a Syrian passenger plane en route from Moscow to Damascus to land in Ankara due to suspicions the plane was carrying weapons, the latest in a series of episodes that have dramatically heightened tensions between the neighbors and underscored the regional dimensions of Syria's deepening conflict.

Turkish Foreign Minister Ahmet Davutoglu and Turkish officials confirmed that the plane, a civilian aircraft, was being searched on the runway at the capital's Esenboga Airport and said Turkey had banned its own civilian aircraft from Syrian airspace effective immediately amid fears of mounting insecurity.

now this is one way to drag Iran into a war with the West. Syria and Iran are allies. Turkey is a NATO member. if Turkey and Syria go to war Iran will help Syria. that's justification for NATO to attack Iran

[Ry_Tower]

^ It really is becoming more critical than the Chinese-Japan row.


On a different news, Shell facing environmental legal battle.

BBC News - Ogoniland oil spills: Dutch case against Shell to begin

[uls]

China-Japan unlikely to go to war

tension between them doesn't affect oil prices

[uls]

things just got more complicated

Russia demands explanation from Turkey over intercepted jet | Reuters

(Reuters) - Russia is demanding an explanation from Turkish authorities after Ankara detained a Syrian civilian airplane en route from Moscow to Damascus with Russian citizens on board, the Russian Foreign Ministry said on Thursday.

The ministry said that Turkish authorities refused to grant Russian diplomatic staff access to 17 Russian citizens on board during the eight hours that the flight was held up because of suspicions the aircraft was carrying military equipment.

[uls]

Brent $115 is supposed to be resistance

[Ry_Tower]

Babalik ba tayo sa cold war?

Sa China-Japan row, Russia is with China, US Japan. Dito Syria naman kampi ruso, kano naman sa Turkey kasi NATO member.

Interesting indeed how this will turn out.

[renzo_d10]

Taas taas din ng presyo?

[Monseratto]

things just got more complicated

Russia demands explanation from Turkey over intercepted jet | Reuters

The Russians have a naval base in Tartus, Syria and has so far been more vocal in defending the Assad regime. Does Syria have a defense pact with the Russians? If Turkey launches a full militart incursion, will the Russians intervene?

[Monseratto]

++++++++++++++++++++++++++++++++++++++++++++++++++

[dfopiso]

another recipe for oil price hike

[uls]

http://www.cmegroup.com/education/ma...rude_1228.html

Thomson Reuters: Crude Update
By Thomson Reuters - Thu 11 Oct 2012 08:18:44 CT

Brent crude climbed toward $115 a barrel as rising tensions in the Middle East stoked supply fears, keeping prices less than a dollar away from their highest in almost a month, although forecasts of lower demand capped gains.