Well according to news report I saw today..
OPEC output cut not enough to drain oil stockpiles..

Now with the non commitment by non OPEC members.. Expect no changes

Pricing will still depressed

oil prices already rose 15% since nov 30.

if it continue to gain, there will be another aspect to watch - petrol prices, inflation!

I don't see China and USA inside. I think if USA suddenly ramps up her production with DT in the chair, oil price wouldn't really benefit much later on.

The biggies usa, canada, brazil, china, norway not taking part.

Saudi said it may cut even more.

It is basically a saudi show.

What happens next, i.e., actual cuts, enforcement, cheating, shale, impact on existing excess stocks, etc... yet to see.

But can expect the financial markets to push oil price higher, at least for a while.

RM may gain a bit as a result but inflation will become a major driver.

Every time petrol price is raised, everyone takes the chance to raise ALL prices, never to come down!

This post has been edited by AVFAN: Dec 11 2016, 11:41 AM

In a way, that's a very msian thing.... raising prices....so there is merit for the old fixed price system....

Other countries prices fluctuates daily....nobody raise prices....

Its bad news for Malaysian consumers..
Price of retail fuel will go up confirm
Which also have related effect on others stuff

only in Malaysia where petrol price goes down, we are paying more taxes and removal of subsidies because the country is running out of money. when petrol price comes up, we are charged more with the same reasons.

kinda shows how our government is fucking up their management of the country

I wud say 4.35 is within reach since non opec have agreed to cut production plus gradual improvement in sentiments

Fixed prices via subsidies are commonly applied in underdeveloped economies, give it time for resources and human capital to grow and be productive. It is costly and will be regressive and counter productive if held on for too long.

The scenario here is akward. While yelling developed nation and high income status, certain subsidies and free money remains while human capital, production and productivty are not improving.

No easy way out.

This is where it will hurt.

For >2 years, oil price stayed low, prices of goods go up becos RM depr.
When oil price goes back up, RM gain will not be able to stop inflation.

The only thing that will overcome this is fast increasing wages.
And that is not happening.
Result... everyone becomes poorer.
Except those with tens, hundreds of millions, billions.

well it's would get worse later.. gomen is spending spending like no tomorrow.. they cut the necessary stuff / allocation but add more allocation for unnecessary spending..


well the poor become poor because of pressure of cost while the rich become rich because of smart investments / strategy.. later another problem will become much worse. Crime rate will shoot the roof..

Last time, we refer to "her". Now not sure anymore !

That person has set up for people to believe him/her. Migrate to Australia, USD trading 6 digit gain etc etc.

This post has been edited by bbgoat: Dec 11 2016, 08:27 PM

For reasons there are only 3% of adults in the kangkong land have over us$100k net worth.

where do you get this info from? can share?

Increase wages come with increase KPI
It's challenging for employee to meet numbers when the prevailing sentiment is poor

USD index spot down slightly today to 101.47 now

oil price up 5%.

public holiday today, less action onshore or offshore.

same same 4.42.

Hmm only 3%
That's very small number of individuals indeed...

I noticed that when Msia is not working, then RM tends to be stronger, and vice-versa,... any similar observations please ?

That place is forever like that. People are flocking there to save the few ringgits.

For some reason, the US Dollar rose abit compared to two days ago.

Only 3% ? I find that hard to believe,... lots of ASX FP investors got more than USD100K worth inside,... maybe the source of this info will help to explain more to us.