Oil Price Watch

[renzo_d10]

Sa may San Juan, 48/L nalang ang Xtra Unleaded.

Pag nagrollback malamang nasa 46 something nalang.

Dapat bumaba na rin pamasahe! Esp., flag down rate ng taxi.

Sent from my 3210 using Tapatalk HD Premium

[Ry_Tower]

kelan na kaya next roll back?

If this trend continues, weekend meron.

[1D4LV]

las pinas area, 47.30 na lang ang unleaded....
most expensive is Petron Blaze at 52/liter.

[uls]

brent back above $100

[d'flash]

las pinas area, 47.30 na lang ang unleaded....
most expensive is Petron Blaze at 52/liter.

fairview area - 47.20 xtra unleaded

[vinj]

fairview area - 47.20 xtra unleaded

So that makes XCS around 47.70? I usually gas up at the Petron in Fairview/Commonwealth when i'm in the area; I save around P 100+ with the price difference.

[d'flash]

So that makes XCS around 47.70? I usually gas up at the Petron in Fairview/Commonwealth when i'm in the area; I save around P 100+ with the price difference.

yes sir 47.70. noticed na mura talaga price ng petron sa fairview area. petron beside Puregold north commonwealth and petron infront of north fairview subd

[Ry_Tower]

Mukhang wala nang rollback this weekend ah. Brent still above $100.

[uls]

gotta keep oil price above $100

PressTV - Iran to demand emergency OPEC meeting if prices keep falling

An Iranian Oil Ministry official says Iran will ask OPEC to call an emergency meeting to discuss oil prices if they slump below USD 100 a barrel.

[Ry_Tower]

still not in the $100 range

[uls]

hedge funds unwind long positions

FT:

Goldman Sachs commodity analysts advised clients to close out long positions in Brent: “The market will need to see evidence that the recent product weakness is created by an exaggerated seasonal swing and not a deeper underlying economic weakness.”

Investors had also steadily built speculative positions in Brent since the start of the year, which are now being unwound, adding to selling pressure.

overall oil is under pressure coz of weak China, US, Europe economic data

lots of supply, not a lot of demand

[crazy_boy]

US$97 nalang ang Brent. sana may rollback ulit hehe

[vinj]

US$97 nalang ang Brent. sana may rollback ulit hehe

Baka maubusan ka ng gas sa kahinhintay ng rollback. Hinge ka nalang sa kapit-opisina mo. :D

[uls]

US$97 nalang ang Brent. sana may rollback ulit hehe

meron yan

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[uls]

Oil prices continue to slide -Upstreamonline.com

News Wires 18 April 2013 04:26 GMT

Brent crude futures slipped below $97 a barrel on Thursday for the first time since July, as worries about global oil demand persisted amid rising US fuel supplies and a recent slew of weaker-than-expected economic data.

Oil's fall comes as part of a wider commodities rout triggered by data released Monday showing growth in China, the world's second-largest oil consumer, had slowed unexpectedly in the first three months of 2013.

Brent crude futures for June delivery hit a low of $96.75 before paring losses to trade at $97.32 early on Wednesday, down 37 cents. Brent stretched its losses into a seventh session – its longest losing streak since October last year.

US crude futures fell 43 cents to $86.25 a barrel, after earlier shedding more than $1 to hit a low of $85.61.

[Ry_Tower]

Mag-donate na kasi nang diesel gensets sa mindanao at palawan ang OPEC para tumaas demand.




























Siyempre isama na nila hell.

[Ry_Tower]

going upward. One possible reason aside from the above statements.

BBC News - Israel ready to act on Syria weapons, warns Netanyahu

[uls]

What?s Behind the Big Selloff in Crude Oil - Businessweek

After spending much of the year buying up oil contracts, speculators are now running for the exits. In the week ended April 9, money managers unloaded the equivalent of about 20 million barrels of oil in U.S. petroleum contracts, according to the Commitments of Traders data released that week by the Commodity Futures Trading Commission. Now that we’re seeing weaker global growth numbers, that selloff has gathered steam. According to data compiled by Bloomberg, hedge funds and other money managers cut their bullish bets on Brent to their lowest level in four months.

[uls]

is $97 brent cheap enough to buy?

UPDATE 6-Oil bounces to $99 per barrel as sell-off seen overdone | Reuters

LONDON, April 18 (Reuters) - Brent crude oil jumped by more than a dollar to $99 a barrel on Thursday, snapping a six-session losing streak, with dealers saying it looked oversold after losing 10 percent this month.

Oil earlier fell to a fresh nine-month low amid a wider commodities rout triggered by data on Monday showing growth in China had slowed unexpectedly in the first three months of 2013.

But investors saw that the slide had run out of steam, with some looking to move back into the market at lower levels.

let it go lower

[uls]

so sub-$100 brent is a bargain

Brent Crude Oil Rises Above $100 Per Barrel

Oil futures rose above $100 a barrel on Monday, extending the two previous sessions' gains as prices drew buyers back into the market following sharp drops earlier in the month.

Brent has lost nearly 8.5 percent since the start of April on concerns about demand as growth slowed in the United States and China, the world's two largest oil consumers, while recession in Europe deepened.

Brent crude futures was up 72 cents to $100.37 a barrel. U.S. light, sweet crude for June delivery was up 50 cents to $88.77 a barrel after hitting a high of $89.45.