Crude oil prices consolidated in yesterday and today sessions after four days of decline as market players calmed down about the implications of the Greek crisis while a deal with Iran was delayed. In Europe, all eyes are on the upcoming Greek referendum scheduled for July 5 where its people will vote to accept or reject the creditors’ proposal. This helped to put the fire out of the sell-off in risk assets including oil due to risk aversion. Yesterday's deadline for nuclear talks between Iran and the six Western countries have been extended to July 7, while political momentum still points toward a deal. Questions remain on when the sanctions on Iran’s oil exports may be lifted and how much of its output would be built up.
Crude oil ended the first half of this year with a gain of around 11 percent, including a 25 percent increase during the second quarter that marked the largest single-quarter percentage gain since 2009.
1) Petronas Top Boss believes that Crude has found a floor. 2) EPF Buying Oil & Gas Counters like Armada, Waseong & others 3) Ron95 & Ron97 petrol up indicate Petronas making more profit
oil price down lah.. dont be dillusioned.. i said before oil pice will down in 2 days at least.. then monday will depend on result of greece referendum.. most possibly they will vote for no, that is means added more uncertainties to the market, if they vote oil price surely drop.. but that is oil price.. perisai price depend on u and syndicate..
sentiment of last week unexpected increase in oil supply still strong, production remain high, expect bearish sentiment till tuesday/wednesday.. greece going to be the first bankcrupt country
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,577 posts
Posted by calvintaneng > 2015-07-01 23:41 | Report Abuse
Fitch & Greece false alarms are behind us.
The seeming storms have evaporated.
Perisai?
Pergi Sail?
YES! PERISAI WILL GO A SAILING ONCE MORE!