"China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June's G20 summit."
"Trump has repeatedly said he is getting ready to meet Chinese President Xi Jinping at the Osaka summit at the end of June, but China has not confirmed it."
"Trump said last week he would decide after the meeting of the leaders of the world's largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods."
SUMMARY
TRADE WAR between CHINA & US is very likely going to ESCALATE and oil price has fallen to USD62/barrel today, which is likely to fall further moving forward.
CORRECTION in Oil & Gas counter likely will be coming soon.
"Oil prices sank on Wednesday following government data that showed another rise in U.S. crude stockpiles and as the market continues to grapple with concerns about weakening fuel demand."
"Brent crude, the international benchmark for oil prices, was down $1.14, or 1.8%, at $61.15 around 10:40 a.m. ET (1435 GMT). Brent hit a session low at $60.30 in early morning trading."
"U.S. West Texas Intermediate crude futures fell $1.18, or 2.2%, to $52.09 per barrel. WTI fell as low as $51.46 earlier in the session."
"Affin Hwang Capital Research has downgraded the Oil & Gas sector (O&G) to “Neutral” (from Overweight) and said with heightened uncertainty over global demand and a good run-up in O&G stock prices in 1H19, the risk-reward profile is skewed to the downside."
"Oil slipped further into a bear market as American factories and homebuilders offered the latest signs of weakening demand."
"Futures slid 1.1% in New York while London-traded Brent crude fell almost 2% as OPEC and its allies struggled to pick a meeting date to discuss supply cuts. In the U.S., the Federal Reserve found a record slowdown in June for New York State factories while sentiment among housing contractors unexpectedly dropped for the first time all year."
"West Texas Intermediate for July delivery closed 58 cents lower at $51.93 a barrel on the New York Mercantile Exchange. Brent for August settlement fell $1.07, or 1.7%, to $60.94 a barrel on London’s ICE Futures Europe Exchange."
Hong Leong Investment has revised price of Dayang upward. In the report also mentioned Petra Energy. Generally is good news for Petra as more contracts win are expected...
Penergy 29/6/2019 there is an uptrend here .. despite of the gap down after the QR bomb previously you can see , this stock has been starting to climb up slowly.. MACD also turning positive here...
"Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast."
"Brent crude futures were down $2.56 or 3.7% at $63.86 a barrel, after hitting a session high of $67.09."
"West Texas Intermediate crude futures fell by $2.46 or 4.2% to $57.09 a barrel"
2021 is state election so govn must take care Sarawak companies like Penergy more? Pan Borneo highway 1 day may link to Kalimantan since Indonesia will shift their capital city?
Please leave Calvin. Your comments are not welcome. I'm stuck in Binapuri because of you. Anything you promote always falls. Penergy will rise on its own without you. You are doing more harm than good.
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
56,471 posts
Posted by calvintaneng > 2019-05-30 17:21 |
Post removed.Why?