There is also Trump vs Clinton debate in 6~7 hours time. Should be interested to see how market reacts the following day.
USA Stock Discussion v8, Brexit: What happens now?
USA Stock Discussion v8, Brexit: What happens now?
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Sep 27 2016, 02:03 AM
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All Stars
10,123 posts Joined: Aug 2007 |
There is also Trump vs Clinton debate in 6~7 hours time. Should be interested to see how market reacts the following day.
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Sep 27 2016, 04:39 AM
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Senior Member
1,033 posts Joined: Dec 2009 |
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Sep 27 2016, 04:35 PM
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All Stars
24,453 posts Joined: Nov 2010 |
markets seem buoyed by clinton's debate "win".
crude... all ears on first words coming out of opec meet, i'm sure. reuters seem to be always the first one to report anything. |
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Sep 27 2016, 06:19 PM
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Senior Member
1,033 posts Joined: Dec 2009 |
QUOTE(AVFAN @ Sep 27 2016, 04:35 PM) markets seem buoyed by clinton's debate "win". Oil sinks after Saudi Arabia, Iran play down chances of output dealcrude... all ears on first words coming out of opec meet, i'm sure. reuters seem to be always the first one to report anything. Headlines king and queen. |
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Sep 27 2016, 07:27 PM
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All Stars
24,453 posts Joined: Nov 2010 |
QUOTE(zacknistelrooy @ Sep 27 2016, 06:19 PM) well, we have this situation:.. saudi pushed production to record highs. .. saudi has enough reserves to burn a few usdbil everyday for a few more years for its economy. .. iran and iraq not back to pre-sanction production levels. .. libya and nigeria still battling rebels to get back to normal production. .. venezuela on verge of economic collapse, algeria struggling. .. russians know everything and what else is happening, what next to come. .. americans go easy - shale is there, forever, to be used whenever whenever required. .. >3bil bbls in excess crude now sitting on land or water, drifting, buying time, incurring costs. so, what to expect? .. saudi's "i will cut or freeze" will not impress the rest as they are not stupid, will not fall for bait. .. venezuela and algeria will keep talking up the price - that's all they have been doing and can do - with some success, so far. .. big oil cos., refineries, traders, hedge funds will need to adjust. we will see the same farcical circus over and over until... crude goes <40 again for a while. then, all will wake up and shelve their selfish motives, get on with it. but will not be very successful since shale, nuclear and other alternative energies will be there. in short, the glorious days of mighty petro$ and obscene money throwing is over. just like kodak went bankrupt when the digital age came. *** above is just my observation, not liable for any action that failed as a result. |
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Sep 27 2016, 10:38 PM
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All Stars
24,333 posts Joined: Feb 2011 |
You forgot to add:
QUOTE(AVFAN @ Sep 27 2016, 07:27 PM) well, we have this situation: Source: http://www.cnbc.com/2016/09/27/chinas-myst...markets-sp.html.. saudi pushed production to record highs. .. saudi has enough reserves to burn a few usdbil everyday for a few more years for its economy. .. iran and iraq not back to pre-sanction production levels. .. libya and nigeria still battling rebels to get back to normal production. .. venezuela on verge of economic collapse, algeria struggling. .. russians know everything and what else is happening, what next to come. .. americans go easy - shale is there, forever, to be used whenever whenever required. .. >3bil bbls in excess crude now sitting on land or water, drifting, buying time, incurring costs. .. China's mystery oil stockpiles could be a 'wildcard' for markets so, what to expect? .. saudi's "i will cut or freeze" will not impress the rest as they are not stupid, will not fall for bait. .. venezuela and algeria will keep talking up the price - that's all they have been doing and can do - with some success, so far. .. big oil cos., refineries, traders, hedge funds will need to adjust. we will see the same farcical circus over and over until... crude goes <40 again for a while. then, all will wake up and shelve their selfish motives, get on with it. but will not be very successful since shale, nuclear and other alternative energies will be there. in short, the glorious days of mighty petro$ and obscene money throwing is over. just like kodak went bankrupt when the digital age came. *** above is just my observation, not liable for any action that failed as a result. |
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Sep 27 2016, 10:44 PM
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All Stars
10,123 posts Joined: Aug 2007 |
Yesterday up 3%, today down 3%. Roller coaster ride again.
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Sep 27 2016, 10:49 PM
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All Stars
24,453 posts Joined: Nov 2010 |
QUOTE(Ramjade @ Sep 27 2016, 10:38 PM) that article is much a rewrite.read it before, posted it some weeks ago. here: http://www.bloomberg.com/news/articles/201...s-crude-markets http://finance.yahoo.com/news/biggest-wild...-153918654.html china is major consumer, not a producer. with china growth slowing, and its oil stocks at full capacity, this factor can only add to the woes. not only china, global trade is slowing. QUOTE WTO cuts 2016 world trade growth forecast to 1.7% The World trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. http://www.cnbc.com/2016/09/27/wto-cuts-20...cast-to-17.html This post has been edited by AVFAN: Sep 27 2016, 11:45 PM |
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Sep 27 2016, 11:00 PM
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All Stars
24,453 posts Joined: Nov 2010 |
hm... wti approaching 44.
didn't short enough! |
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Sep 28 2016, 12:53 AM
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Senior Member
1,033 posts Joined: Dec 2009 |
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Sep 28 2016, 01:25 AM
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All Stars
24,453 posts Joined: Nov 2010 |
QUOTE(zacknistelrooy @ Sep 28 2016, 12:53 AM) It is starting to make lower highs which is becoming concerning. guess -3.6% was a bit too much, so it went back up to 45 - for a while.The resolution is going to be interesting. w/o fresh news, still same - expected buildup in weekly stocks, little to come out of opec. so, dwti again! looking for wti 43.xx tmrw. after 2am will give some clue. |
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Sep 28 2016, 01:29 AM
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Senior Member
1,033 posts Joined: Dec 2009 |
QUOTE(AVFAN @ Sep 28 2016, 01:25 AM) guess -3.6% was a bit too much, so it went back up to 45 - for a while. Yeah, just keeps bouncing randomly.w/o fresh news, still same - expected buildup in weekly stocks, little to come out of opec. so, dwti again! looking for wti 43.xx tmrw. after 2am will give some clue. Can't even find the importance of the bounce level on the chart. |
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Sep 28 2016, 02:00 AM
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All Stars
24,453 posts Joined: Nov 2010 |
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Sep 28 2016, 04:15 AM
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All Stars
10,123 posts Joined: Aug 2007 |
Phew! so far $44 is holding,.at least got some room for tomorrow event.
If they do nothing, then I don't think Oil will move big either way. But, gotta to stay above $43 by Friday closing.. This post has been edited by danmooncake: Sep 28 2016, 04:16 AM |
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Sep 28 2016, 09:52 PM
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Senior Member
1,033 posts Joined: Dec 2009 |
Oil price waiting for news from OPEC which could be in another 10 minutes.
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Sep 28 2016, 10:34 PM
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Senior Member
1,033 posts Joined: Dec 2009 |
Oil prices extend gains as US crude stockpiles fall by 1.9M barrels.
Iran rejects Saudi offer to cap oil output ahead of Opec meeting Quite weird that they are going to the meeting when they know they are not going to agree on anything. Maybe planning for next month meeting. This post has been edited by zacknistelrooy: Sep 28 2016, 10:36 PM |
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Sep 28 2016, 10:53 PM
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All Stars
24,453 posts Joined: Nov 2010 |
crude draw, gasoline buildup.
opec... down, down... |
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Sep 28 2016, 11:51 PM
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All Stars
10,123 posts Joined: Aug 2007 |
Easy easy easy... a bit of relief here. |
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Sep 29 2016, 12:15 AM
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Senior Member
1,033 posts Joined: Dec 2009 |
Algeria proposes 796K bpd OPEC cut at meeting-Bloomberg
Libyan oil minister Mossa Elkony said an agreement could come today This post has been edited by zacknistelrooy: Sep 29 2016, 12:17 AM |
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Sep 29 2016, 02:08 AM
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All Stars
24,453 posts Joined: Nov 2010 |
up, down, up... nail biting!
all will be known later when the first opec person speaks. |
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