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  1. thephantom's Avatar
    thephantom
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    September 29th, 2016 10:55 AM #1
    ^Ballpark figure, *Stock?

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  2. Lady Bathory
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    September 29th, 2016 04:19 PM #2
    If oil prices rise and stay above $50 it will incentivize US shale oil producers to restart idled projects. Higher output from US oil producers will offset OPEC's output cap/cut.
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  3. StockEngine's Avatar
    StockEngine
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    September 29th, 2016 04:43 PM #3
    They have to increase oil price/cut back gradually[extremely] Otherwise the buyers will opt for Iran's cheaper oil(I think Iran hasn't joined in on the production cut). Opec members will risk losing market share.

    Whats interesting to see is the US Oil Export$$$



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  4. Monseratto's Avatar
    Monseratto
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    September 29th, 2016 07:06 PM #4
    Brent spiked from USD46 to near USD 49... Now lower at USD 48.24

    Three countries are exempted from the production cuts: Iran, Nigeria and Libya.
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  5. StockEngine's Avatar
    StockEngine
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    September 30th, 2016 12:58 AM #5
    I think the oil price will range between 55-65 by end of this year with Russia playing along Opec and non Opec members.





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  6. StockEngine's Avatar
    StockEngine
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    October 1st, 2016 02:45 PM #6
    Oil closed at 50 this weekend. Tuesday.....increase ouch

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  7. sp00nman
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    October 2nd, 2016 10:59 PM #7
    Magkano kaya price hike by Tuesday?!
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  8. StockEngine's Avatar
    StockEngine
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    October 3rd, 2016 12:12 AM #8
    Bro Jut we need your intel...

    I would guess 1.75-2.25 pesos.

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  9. jut703's Avatar
    jut703
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    October 3rd, 2016 02:46 AM #9
    As of Friday, 30 cents lang. Haven't checked my email yet over the weekend. Remember, price changes are week-long averages. The prices only spiked at the latter part of the week so it doesn't really affect Tuesday's price movement as much as you might think.


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  10. StockEngine's Avatar
    StockEngine
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    October 3rd, 2016 03:06 AM #10
    Ah its not shocking yet. Cool beans.

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  11. CVT's Avatar
    CVT
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    October 3rd, 2016 08:12 AM #11
    Quote Originally Posted by StockEngine View Post
    Ah its not shocking yet. Cool beans.

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    Nevertheless,- I "hoarded" over 120L of fuel, yesterday ...

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  12. jut703's Avatar
    jut703
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    October 3rd, 2016 10:46 AM #12
    Latest trend is +0.30 gas, +0.50 diesel.

    Could inch a bit higher by tomorrow, but nothing extraordinary.


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  13. sp00nman
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    October 3rd, 2016 05:15 PM #13
    Thanks, Boss Jut!
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  14. StockEngine's Avatar
    StockEngine
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    October 3rd, 2016 06:43 PM #14
    Quote Originally Posted by jut703 View Post
    Latest trend is +0.30 gas, +0.50 diesel.

    Could inch a bit higher by tomorrow, but nothing extraordinary.


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    Higher ... its almost 51$ a barrel.

    Next Tuesday babawi...

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  15. CVT's Avatar
    CVT
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    October 3rd, 2016 07:15 PM #15
    Quote Originally Posted by StockEngine View Post
    Higher ... its almost 51$ a barrel.

    Next Tuesday babawi...

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    Yes.

    Again, slippery upwards; sticky downwards..

    Follows the natural law...
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  16. Monseratto's Avatar
    Monseratto
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    October 3rd, 2016 07:28 PM #16
    Flying V, SEAOIL Philippines Inc., Phoenix Petroleum Philippines Inc., and Unioil Petroleum Philippines Inc. are raising the pump prices of diesel by P0.60 per liter, and gasoline by P0.35.

    SEAOIL and Flying V are also increasing the price of kerosene by P0.40 per liter.

    The price adjustments will take effect at 6:00 a.m. on Tuesday, October 4, except for Flying V which will implement the changes at 12:01 a.m. the same day.
    See more at: New round of fuel price hikes starts Tuesday | Money | GMA News Online
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  17. mokong22
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    October 3rd, 2016 08:36 PM #17
    Petron Price Increase Effective Tuesday, October 4 0600H:
    P0.35 for Gasoline
    P0.60 for Diesel

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  18. StockEngine's Avatar
    StockEngine
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    October 6th, 2016 02:08 AM #18
    Almost 52$ hmmm

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    October 6th, 2016 07:41 AM #19
    Quote Originally Posted by StockEngine View Post
    Almost 52$ hmmm

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    Bro- Happy days are here again???? Hmmm.....

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  20. StockEngine's Avatar
    StockEngine
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    October 6th, 2016 12:03 PM #20
    Fundamentals remain ie the glut or worldwide oversupply

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