Oil, Gold & Silver Prices
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------33.71 $
Brent Crude------35.29 $
Gold------------1114.4 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Oil falls on China data, fading prospect of OPEC action
China's manufacturing sector contracted at the fastest pace since 2012 in January, adding to worries about demand from the world's second-biggest economy at a time when the market is already weighed down by a large supply overhang.
"The weak China PMI (purchasing managers' index) is driving down prices because China weighs on the entire commodities sector from the demand side of the equation," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.
Brent April crude futures were down 35 cents at $35.64 a barrel at 1023 GMT.
The March Brent contract, which expired on Friday, settled at $34.74 a barrel.
U.S. West Texas Intermediate (WTI) was down 57 cents at $33.05 a barrel.
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- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
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Four Theories on How Oil Has Hypnotized the Global Stock Market
What’s less clear is how the energy market has come to dominate sentiment in industries with seemingly no connection to crude prices.
Understanding why oil is casting such a spell is more than an academic inquiry. The reason matters, given how big the moves have been.
Almost $1.6 trillion has been erased from U.S. stocks in 2016. If oil is contributing, it’d be nice to know why.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------31.91 $
Brent Crude------34.58 $
Gold------------1127.0 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------30.18 $
Brent Crude------32.56 $
Gold------------1127.3 $
http://markets.wsj.com
- chutiputhaTop contributor
- Posts : 1948
Join date : 2014-11-09
Age : 37
Location : SL
Re: Oil, Gold & Silver Prices
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Oil Prices Could Jump 50% by the End of 2016
Analysts are projecting prices will climb more than $15 by the end of 2016. New York crude will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, the median of 17 estimates compiled by Bloomberg this year show.
A global surplus that fueled oil’s decline to a 12-year low will shift to deficit as U.S. shale output falls, according to Goldman Sachs Group Inc.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------29.86 $
Brent Crude------33.45 $
Gold------------1137.0 $
OR gold
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------31.03 $
Brent Crude------34.26 $
Gold------------1140.0 $
OR gold Smile
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Six OPEC states ready for emergency meeting with non-OPEC members
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- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
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Shell Profit Drops 44%
Profit adjusted for one-time items and inventory changes shrank 44 percent to $1.8 billion, near the midpoint of the preliminary $1.6 billion-to-$1.9 billion range it gave last month, Shell said Thursday.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------33.41 $
Brent Crude------35.51 $
Gold------------1153.9 $
OR gold
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
How Much Oil Output Halted Due to Low Prices? Just 0.1%
The analysis, published ahead of an annual oil-industry gathering in London next week, suggests that oil prices will need to drop even more -- or stay low for a lot longer -- to meaningfully reduce global production.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------31.00 $
Brent Crude------34.09 $
Gold------------1174.1 $
OR gold
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
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Non OPEC Oil Production To Collapse In 2016
As such, total non-OPEC liquids output slipped below the year earlier level for the first time since September 2012. A production surge in December 2014 inflates the annual decline rate, but the drop is nevertheless significant should these estimates be confirmed by firm data. Already in November, growth in non-OPEC supply had slipped to 640 kb/d, from as much as 2.9 mb/d at the end of 2014, and 2.4 mb/d for 2014 as a whole. For 2015, supplies look likely to post an increase of 1.4 mb/d for the year, before contracting by nearly 0.6 mb/d in 2016. A prolonged period of oil at sub-$30/bbl puts additional volumes at risk of shut in as realised prices fall close to operating costs for some producers.
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- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
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Despite Bold Predictions, T. Boone Pickens Sells All Oil Holdings
Pickens then doubled-down on his wrong call from last year, telling CNBC's "Squawk Box" that oil prices will rise to at least $52 per barrel by the end of the year. That said, he was at least honest enough to admit that his virtually identical call from last year, when he thought prices would strongly rebound, was wrong.
Whether it's $50 or $70 by the end of 2016 will largely be determined by the global economy, he added, reiterating the same flawed thesis he used to justify his bullishness a year ago: "We're still building inventories, and we will for the next several months. And then we'll start to draw," Pickens said. "Once you start to draw, you're not going to start back building again. The draw will come here in the next few months. It'll become pretty clear."
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- slstockVeteran
- Posts : 6216
Join date : 2014-06-12
Re: Oil, Gold & Silver Prices
These updates are invaluable to the right people.
These are some numbers ... which look very good for ........ .................
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
slstock wrote:Nihal and Kithsiri is making a great team here.
These updates are invaluable to the right people.
These are some numbers ... which look very good for ........ .................
Thanks slstock
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Goodbye, OPEC Oil Cartel
Much of what "game theory" tells us about cartels and oligopolies has been shown to be true as the fracking revolution broke the OPEC cartel. OPEC had a choice -- either lose market share and preserve price by cutting supply as other producers came online, or try to keep market share by maintaining supply, even as prices crashed, making the whole business less profitable. The Saudis and other OPEC members had the advantage in that the cost of extracting oil via fracking is higher than from Saudi oil wells, so OPEC figured if it allowed prices to fall far enough, it would put the frackers out of business.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------30.94 $
Brent Crude------34.03 $
Gold------------1168.3 $
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Crude oil slips as Saudi, Venezuela meeting yields little
Global benchmark Brent futures (LCOc1) were down 8 cents at $34.98 at 4.32 a.m. ET. They fell 40 cents to $34.06 a barrel on Friday.
U.S. crude futures (CLc1) fell by 23 cents to $30.66, after falling 83 cents to $30.89 on Friday.
Both contracts firmed slightly earlier in the session on Monday in see-saw trade on low volumes as many Asian markets were on holiday for the Lunar New Year.
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- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------29.83 $
Brent Crude------33.19 $
Gold------------1182.4 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------29.90 $
Brent Crude------33.28 $
Gold------------1198.7 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
----------- LAST
Crude Oil---------29.97 $
Brent Crude------32.88 $
Gold------------1191.9 $
http://markets.wsj.com
- balapasTop contributor
- Posts : 762
Join date : 2014-02-23
Age : 44