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Why Oil Markets are bullish to start the week.........
Posted on 4/6/15 at 1:07 pm
Posted on 4/6/15 at 1:07 pm
Hopefully these remain in place, I see the next main hurdle is $55.
LINK
quote:
Oil traders are starting off this week more optimistic than last for three main reasons: 1) last week's Iran framework agreement rendered it uncertain as to when (or if) the country will unleash 0.8-1 M/bd into the already over-supplied market; 2) Saudi Arabia raised prices for shipments to Asia, its largest regional market; and 3) fighting in the Yemen conflict is occurring near a major global oil chokepoint.
LINK
3
Posted on 4/6/15 at 4:17 pm to TJG210
Sounds more geopolitical driven than anything fundamentals based. Seems like a short term swing rather than anything systemic in my humble, uninformed opinion.
Posted on 4/6/15 at 6:36 pm to TJG210
Give me $70!
Posted on 4/6/15 at 8:35 pm to b-rab2
$75......and we're cooking with grease!
What is the deal with #2?
What is the deal with #2?
Posted on 4/6/15 at 10:09 pm to TJG210
quote:
What is the deal with #2?
My guess is if you are not making money selling it, you need to make money shipping it.
Im bearish on oil but I dont have any money where my mouth is
Posted on 4/6/15 at 10:54 pm to TJG210
quote:
What is the deal with #2?
Was also curious about that. It wouldn't make sense unless they vastly underestimated demand in Asia just a few months ago. But it doesn't really make sense that they did, unless I've just completely missed some great, surprising, recent econ news from China/Japan/India
Posted on 4/7/15 at 8:45 am to TJG210
They were basically giving it away to Asia. I guess they're tired of hurting so they're starting to raise prices
This post was edited on 4/7/15 at 8:48 am
Posted on 4/7/15 at 5:04 pm to TJG210
quote:
$75
Im hoping $100 in the next 5 years
Posted on 4/7/15 at 11:25 pm to wizard of smart
Really just an indication that Asian demand is firming
Posted on 4/8/15 at 6:30 am to TJG210
Most of what I'm reading and hearing is that oil is set to go lower before it goes higher. US production is still at record levels. While the number of rigs has plummeted, there is so much already in production, it will be some time before supply falls enough to really raise prices. I'm certainly not an expert in this field, just repeating what talking heads are saying.
Posted on 4/8/15 at 8:09 am to Ole War Skule
quote:
Most of what I'm reading and hearing is that oil is set to go lower before it goes higher. US production is still at record levels. While the number of rigs has plummeted, there is so much already in production, it will be some time before supply falls enough to really raise prices. I'm certainly not an expert in this field, just repeating what talking heads are saying.
heard same exact thing from guys in the industry. That it will go lower first, said by september it would be at its lowest. Then hopefully would start to pick up
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