ya. i am also negative on oil price for short term...

yellen said all good woh....so how? want new high? 

grabbed more fruit just now. god bless me. 

What to do with Energy stocks? Once big Energy ETFs like XLE and XOP broke below the January lows a few weeks ago, the volumes spiked dramatically as investors gave up the ghost.
Predictably, now that we have ONE modest bullish signal, this is reviving talk about a bottom. "Buy when nobody wants them," one energy trader told me this morning.
But nobody think this is going to be the quick rally that was expected in the first quarter. The talk is to buy now, and hold. For a while. Like, a year or two.
That will greatly limit the number of people that will hop on that bandwagon. Too many have seen this movie before.
http://www.cnbc.com/2015/07/29/oil-stocks-...-bandwagon.html

Shell plans for 'prolonged downturn' in oil prices
Royal Dutch Shell on Thursday warned that lower oil prices could continue for several years, and said it was planning for a prolonged downturn.
http://www.cnbc.com/2015/07/30/shell-says-...d-downturn.html

thanks for sharing the oily news update...

red....GDP data out yet？

lateest ...

fed governor just said situations are not as well, such as in some euro nations and in china ... sep may not have the rise.....

Second-quarter GDP data showed the economy is still growing at a ho-hum pace, but inside the report was a slight pickup in a quarterly inflation that could help the Fed move toward a rate hike.

Second-quarter GDP grew at a 2.3 percent pace, lower than the 2.5 percent or even more expected by economists. But some traders quickly focused on the 1.8 percent quarter-to-quarter gain in the core PCE deflator, the Fed's preferred inflation gauge. The short end of the Treasury curve sold off with yields on two-year through five-year Treasury notes moving higher.
http://www.cnbc.com/2015/07/30/gdp-a-dud-b...r-it-needs.html

Bank Negara grips ringgit tightly as troubles mount
http://www.malaysiakini.com/news/306780

Saudi said will reduce production as early as Sept....  

Oil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cut-back in production, although a fall in the U.S. dollar put a floor under prices.
http://www.cnbc.com/2015/07/30/us-crude-sl...nomic-data.html

ya....still waiting 44....maybe can breakdown this time....

Besides the pressure from the Fed’s interest rate outlook, the ringgit and other emerging currencies were vulnerable to further losses if the WTI hit below US$42 a barrel, said Jameel.
http://www.thestar.com.my/Business/Busines...ggit/?style=biz

latest ...

rumours! ...

ron 97 +0.30
ron 95 +25
diesel +0.30 from 1/8 ...

then i will need to ride my bike again.

latest....

ron 95 n 97 down 10 sen.
ahd be down by more than 20-25 !#+#/#

aiseh man. with this market sentiment, a local Proton is well suited for me. But targeting at a SUV.

Latest .... Exxon recorded record low profit !!!! (oil price la, what else)

ya....still waiting 44....maybe can breakdown this time....

The US Subprime Problem in The US lasted from 2008 till the tapering started in 2014 - that would be approx 6 yrs. The Oil Crisis started in 2015. So,........ will it end and oil price recovers in 2021 ?

Agreed, better to save in foreign currency at the moment.

I've only got my FDs left which mature in October ... remaining transfer from FCA to cover monthly expenses / credit card bills 

Yeah - very busy with work, no time for anything else! Just logging into IB once a month to do my monthly top up and that's it 

wonder hows our local petrol price. shd be below 1.70 i guess. 

Sifu ,

any different for this one SGX?

latest ...
USD = 3.81
citi group eoy target = 3.91
morgan stanley eoy target = 4.00
crude = 46+
palm oil = dropping like stone ....
rm continue on the sliding board ....
die la my job and savings 

jib contributed 5% RM drop so far, later maybe 10%.