nagtaas na.... Php52.60/Li![]()
OT lang.....
lumalago ang ating ekonomiya pero bakit humihina ang piso at bumaba ang stock exchange?![]()
it's coz foreign funds took profits
they have to convert their earnings to dollars so strong demand for dollars caused the dollar to strengthen against the peso
mukhang wala naman price increase since below $100 na. if the gas companies will increase, malaking kalokohan yan![]()
average price for the week ang basehan nila
kung mag increase sila ngayon reaction yan to last week's price
speculators are net long brent
ICE: Money Managers Increase Net Longs In Brent Futures, Options by 10.1% - WSJ.com
LONDON--Speculators raised their net long positions in Brent crude oil futures and options in the seven days to May 28, according to IntercontinentalExchange Inc.'s (ICE) weekly Commitment of Traders report published Monday.
Money managers, including hedge funds, held a net long position--or bets that prices will rise--of 161,550 contracts, an increase of 10.1% from 146,679 contracts the previous week. Traders in the category raised their long position by 13,923 contracts, and lowered their short position by 948 contracts.
Crude Oil
Brent US$104.03 ^ US$0.74
Tapis US$108.60 ^ US$0.45
WTI US$96.19 ^ US$1.55
(Prices are of 07-Jun-2013)
WTF another price hike this coming Tuesday 6 AM
DZMM Radyo Patrol 630 - Silveradyo
^Deymn... I'm breaching the 2K per full tank mark again at my suking gasolinahan.