Not sure Ronaldo .. I believe it’s up to Bursa .. there is no specific timeline .. anyway shares is suspended .. so there is no pressure for Bursa to decide within any timeframe
Oil prices hit fresh 2019 highs on trade hopes Published 12 Hours Ago Updated 28 Mins Ago Reuters Oil prices rose to their highest levels this year on Friday, supported by OPEC's ongoing supply cuts. Hopes that Washington and Beijing may soon end their trade dispute also support crude futures. Surging U.S. crude oil production and record crude exports offset the bullish factors. 174362712AB024_OIL_BOOM_SHI Andrew Burton | Getty Images Oil prices touched more than three-month highs on Friday, supported by rising hopes that the United States and China would soon reach a deal to end their trade war, but new record U.S. oil production limited gains.
International Brent crude futures were up 10 cents at $67.17 per barrel around 12:25 p.m. ET (1725 GMT), striking a fresh high of $67.73 going back to mid-November. Brent was on track for a weekly gain of about 1.4 percent.
U.S. West Texas Intermediate crude oil futures rose 36 cents to $57.32 per barrel, also setting a fresh 2019 high at $57.81. WTI was heading for a more than 3-percent weekly rise.
Traders said prices were lifted by hopes that Washington and Beijing could resolve their trade disputes, which have dented global economic growth.
The broad outline of a possible U.S.-China trade deal was beginning to emerge from talks between the two countries, sources told Reuters on Thursday.
Both sides are pushing for an agreement by March 1, the end of a 90-day truce agreed by U.S. President Donald Trump and Chinese President Xi Jinping late last year.
"Should risky assets receive some additional optimistic news out of the ongoing U.S.-China trade talks amidst potential weakening in the U.S. dollar, WTI could easily achieve our stated target to the $58 area today," Jim Ritterbusch, president of Ritterbusch and Associates, said in a note.
Prices continue to be supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia. The group, known as OPEC+, agreed in December to cut output by 1.2 million bpd to prevent a crude supply glut from growing.
Surging U.S. crude oil production, is partly offsetting OPEC's cuts.
"We see total U.S. crude production hitting 13 million bpd by year-end, with 2019 averaging 12.5 million bpd," U.S. bank Citi said following the release of the EIA report.
The bank said that some weeks could see 4.6 million bpd of gross crude exports by year-end, topping last week's record of 3.6 million bpd.
The market is awaiting data for this week's U.S. rig count, an indicator of future production, due after 1 p.m. EST. Last week, drillers increased the number of oil rigs operating for a second week in a row, General Electric Co's GE.N Baker Hughes energy services firm said.
With U.S. supply surging, Goldman Sachs said it expected non-OPEC supply to grow by 1.9 million bpd this year, more than offsetting the OPEC cuts.
That means much will depend on demand, which Goldman said it expected to grow by 1.4 million bpd this year.
Given the supply and demand picture, Goldman said it expected an average Brent price of $60-$65 per barrel in 2019 and 2020.
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