NEW YORK, Sept 12 (Reuters) - Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies. Brent futures rose $1.42 or 1.6%, to settle at $92.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.55, or 1.8%, to settle at $88.84.
Oil is on the way UPPPP to $100 again after a brief consolidation....if Dayang is too expensive relative to NTA, do consider Naim which holds almost a quarter of Dayang shares worth significantly more than its entire net-cash-net-net market cap on top of being in the HOT property sector!
Final warning. Pull up pull up. Terrain .... Oil will crash to USD80 per barrel or even lower. Recession and bonds melt down in progress signaling market crash. Run before your money is gone and nothing is left.
Some investors never learn. Rebound is a trap to get out from higher price. Perhaps greed. Soon oil will crash with no hope to escape. Good luck guys....
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....
Ravi Kumar
3,633 posts
Posted by Ravi Kumar > 2023-09-06 09:26 | Report Abuse
Thank you Saudi and Russia