brent now breaking <55.

iran talks went over time, likely a deal by end of day today.

experts predicting usd5 fall!

extra crude supply from Iran after the deal?

yup, that's the point. effect may be subdued in reality, but markets can react kneejerk.

I see...

Oil falls as Iran, China discuss more supply
http://www.theedgemarkets.com/my/article/o...ly?type=Markets

oil price volatile, usd decline, rm recovered.

volatility will not go away, do what u need to do at the right time!

Jan 29 2015
usd44.50
3.6375
Feb 4 2015
usd52
3.564
Feb 11 2015
usd50
3.60
Feb 18 2015
usd54
3.595
Mar 4 2015
usd51
3.6475.
Mar 10 2015
usd49.60
3.705
Mar 18 2015
usd44.12
3.709
usd46.13
3.6725
Mar 19 2015 7pm
usd45.34
3.708
Mar 27 2015 7pm
usd50.55
3.687
Mar 30, 2015 5pm
usd 48.10
3.713
Apr 6 2015 6pm
usd51.60
3.6395

This post has been edited by AVFAN: Apr 7 2015, 06:26 PM

US Crude up due to the surge in job openings.
http://www.cnbc.com/id/102564300

Oil falls on larger-than-expected U.S stock build, record Saudi output in March.

"We're going to need to see a very big uptick in demand to offset that supply," Ben Le Brun, analyst at OptionsXpress in Sydney, said. "There is a glut of supply in oil at the moment."

Adding to that supply, Saudi oil minister Ali al-Naimi said late on Tuesday that Saudi output would likely remain around 10 million barrels per day (bpd) after posting a record high of 10.3 million bpd in March.

I really don't know how effective is their strategy to flood the market trying bring down the oil price. Having said that, i personally thinks that it gave the Brent a harder blow compare to the WTI US Crude. The gap is narrowed to only USD 5 dollars.
OPEC needs to be smarter than this!

WTI crude dives 6% down

http://finance.yahoo.com/news/oil-prices-f...-012045031.html]http://finance.yahoo.com/news/oil-prices-f...-012045031.html

crude down 6%... but still usd51, nowhere near 40.... so no big damage.

if all these loud n soft noises about iran, saudi, iraq, shale, conspiracies, etc. are cut out... the baseline is intact - there is simply too much oil! and will remain so for months, maybe years.



for us consumers, since we now pay more taxes with gst, cheaper petrol can help.

Be cautious

Now I keep my eyes close on the price, reach 35 do wake me up

Crude oil may rebound to US$80 in 3-5 years -Franklin Templeton Investments
http://www.theedgemarkets.com/my/article/c...nklin-templeton

i like this one better:

our int rates are nowhere near 0. bnm should cut interest rates to exploit cheap oil prices for economic growth!

http://www.bloomberg.com/news/articles/201...ct-of-cheap-oil

u know what.. frien of mine told tat BNM will cut OPR rate at next policy meeting

Oil above $58 on US shale output report, Mideast



http://www.thestar.com.my/Business/Busines...east/?style=biz

Wall Street speculations etc. is definitely playing a role in this crisis.

Despite report crude inventory in the states went up, the crude is still post a bullish trend. http://www.cnbc.com/id/102587037

I personally dont see strong fundamentals though for this long term bull run with current oil out put, iran's uplift , etc.

What are your thoughts guys?

only demi gods will know as the variables are too many.

moreover, hedge funds moves can flex it in a major way.

afaik, the massive longs haven't unwound yet:
http://www.theedgemarkets.com/my/article/l...sking-new-slump

so, i'm with you - this run is probably temp, a lot more volatility ahead.

oil rallied, so did rm.

Jan 29 2015
usd44.50
3.6375
Feb 4 2015
usd52
3.564
Feb 11 2015
usd50
3.60
Feb 18 2015
usd54
3.595
Mar 4 2015
usd51
3.6475.
Mar 10 2015
usd49.60
3.705
Mar 18 2015
usd44.12
3.709
usd46.13
3.6725
Mar 19 2015 7pm
usd45.34
3.708
Mar 27 2015 7pm
usd50.55
3.687
Mar 30, 2015 5pm
usd 48.10
3.713
Apr 6 2015 6pm
usd51.60
3.6395
Apr 16 2015 6pm
usd 56.06
3.6550

This post has been edited by AVFAN: Apr 16 2015, 06:57 PM