Posted by James_Bond > 2023-07-12 09:23 | Report Abuse

Brent oil USD 79.56! Cheers!

Posted by Six6thsense > 2023-07-12 10:57 | Report Abuse

bye 0.87..see you

Posted by Robert Waters > 2023-07-12 11:15 | Report Abuse

I bought some, as per my previous posts to support this counter. Obviously, not enough.
But my imitial assessment was that this was a good buy even at low RM 1++

So, no problem at all. Can accumulate slowly.
If we focus on oil price then means we have no real worries.

Posted by rainman777 > 2023-07-12 11:26 | Report Abuse

Hahahaha cantiknya, Wakaka

Posted by troy88 > 2023-07-12 11:28 | Report Abuse

Very likely to climb back up to RM1 soon..

Posted by StartOfTheBull > 2023-07-12 11:30 | Report Abuse

OPEC + said will cut oil output, and they really do it.

Posted by James_Bond > 2023-07-12 12:03 | Report Abuse

Brent oil USD 79.50! Very near USD 80! Cheers!

Posted by James_Bond > 2023-07-12 12:07 | Report Abuse

When Saudi and Russia working together to cut down oil production to reach the goal of high oil price ie more than USD80! No one could stop them but to accept the fact that no more cheap oil for everyone!

Posted by James_Bond > 2023-07-12 12:08 | Report Abuse

Remember we r in the hyper cycle of oil price! Soon will reach USD150 per barrel! Mark my words!

Posted by Six6thsense > 2023-07-12 15:21 | Report Abuse

primary calculation 80 4.6

Posted by James_Bond > 2023-07-12 15:53 | Report Abuse

Brent oil USD 79.51, moving stronger and stronger! World just not enough oil! Cheers!

Posted by James_Bond > 2023-07-12 18:00 | Report Abuse

Brent oil USD 79.69! Cheers!

Posted by James_Bond > 2023-07-12 19:49 | Report Abuse

Brent oil USD 79.66! Cheers!

Posted by James_Bond > 2023-07-12 20:36 | Report Abuse

Wow, Brent oil breaks USD80! Hurray! Congratulations my fellow comrades! Cheers!

Posted by StartOfTheBull > 2023-07-12 21:18 | Report Abuse

Brent crude futures rose above $80 a barrel for the first time since early May amid signs of tightening supplies and slower-than-expected US inflation.
Prices have climbed since OPEC+ heavyweights Saudi Arabia and Russia pledged even more output reductions in an effort to rebalance the market. Russian crude production is now showing signs of dropping, with average shipments falling below February averages.

Futures rose as much as 0.8% in London and were last at $79.95 a barrel.
(Bloomberg)

Posted by keluarpattern > 2023-07-12 21:22 | Report Abuse

Oil Start Of The Bull Run

Posted by James_Bond > 2023-07-12 21:30 | Report Abuse

Wow, Brent oil all the way up, now USD80.14! Cheers!

Posted by James_Bond > 2023-07-12 21:39 | Report Abuse

Wow, Brent oil all the way up, now USD80.33! Cheers!

Posted by kebling98 > 2023-07-13 08:15 | Report Abuse

Bull coming

Posted by rainman777 > 2023-07-13 09:34 | Report Abuse

Hahahaha cantik

Posted by wahidul > 2023-07-13 09:41 | Report Abuse

ON THE RISE

Posted by James_Bond > 2023-07-13 10:42 | Report Abuse

Wow, Brent oil USD80.41 now! Cheers!

Posted by James_Bond > 2023-07-13 11:50 | Report Abuse

Wow, Brent oil USD80.49 now! Cheers!

Posted by James_Bond > 2023-07-13 11:59 | Report Abuse

Let me start the ball rolling, bought hibiscus at 0.925! Cheers!!

Posted by James_Bond > 2023-07-13 12:51 | Report Abuse

Warren Buffett heavily invested in occidental petroleum corporation. Why? He foresees high crude oil price soon! Grab hibiscus now or never! Cheers!

Posted by Robert Waters > 2023-07-13 16:25 | Report Abuse

Yes, Hibiscus eventually goes with oil.
But better not say it here. SOPHISTICATED investors hate this claim.
So the correlation graph is a shock to some.

Posted by James_Bond > 2023-07-13 22:54 | Report Abuse

Wow, Brent oil USD81.30 now! Cheers…

Posted by James_Bond > 2023-07-14 07:48 | Report Abuse

Wow, Brent oil USD81.54 now! Cheers…

Posted by 1pingpong > 2023-07-14 09:31 | Report Abuse

Next target 0.99. Breakout from this will fly

Posted by troy88 > 2023-07-14 09:45 | Report Abuse

Bursa lacking foreign funds to push it up. Should already be RM1

Posted by Robert Waters > 2023-07-14 12:05 | Report Abuse

It is going there. Give it some time.

Posted by James_Bond > 2023-07-14 14:26 | Report Abuse

Russia crude oil prices capped at USD60. With the raising crude oil price, Russia crude oil is selling more than USD 60. NATO alliance et al will immediately ban the export of Russia crude oil if selling price hitting ceiling price of USD 60. This further reduces the crude oil supply and hence pushing the crude oil price up!

Cheers!

Posted by James_Bond > 2023-07-14 15:12 | Report Abuse

Brent Oil retraced and rebounding fast to USD 81.20! Cheers!

Posted by James_Bond > 2023-07-14 15:26 | Report Abuse

Why crude oil price rebounding fast? Simple, supply cannot meet the demand!

Posted by 1pingpong > 2023-07-14 15:28 | Report Abuse

it must pass the test of 0.99.

Posted by James_Bond > 2023-07-14 15:44 | Report Abuse

One more thing, Wagner troops moved to Belarus and may cause bloodbath around the countries. Both Russia and Belarus governments could not do anything on them as they are not part of Russia or Belarus. Well planned move by Putin! Crude oil price will just hit the ceiling by then!

Posted by James_Bond > 2023-07-14 15:46 | Report Abuse

Grab hibiscus ticket and watch the “Wagner” show!

Posted by StartOfTheBull > 2023-07-14 15:55 | Report Abuse

Libya’s second-biggest oil field is in the process of shutting amid protests there.

Posted by James_Bond > 2023-07-14 16:41 | Report Abuse

Brent Oil rebounding fast to USD 81.28 now! Cheers!

Posted by James_Bond > 2023-07-14 16:45 | Report Abuse

Brent Oil rebounding fast to USD 81.36 now! Cheers!

Posted by James_Bond > 2023-07-14 19:18 | Report Abuse

LONDON (Reuters) - Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.

Both the Brent and U.S. West Texas Intermediate (WTI) contracts had risen for three straight sessions and in early Asian trade on Friday, poised to register a third straight week of gains for the first time since April.

On Thursday some oilfields in Libya were shut down because of a local tribe's protest against the kidnapping of a former minister. Separately, Shell (LON:RDSa) suspended loadings of Nigeria's Forcados crude oil owing to a potential leak at a terminal.

The Libya disruption is halting an estimated 370,000 barrels per day (bpd) while the loss from the Nigerian outage is pegged at 225,000 bpd, said PVM analyst Tamas Varga.

With the "market in thrall of a ‘tightening’ narrative", any more outages will push the oil price to levels that not even the most ardent bull would have predicted for the second half of the year, Varga added.

Russian oil exports have also decreased significantly - and if this trend were to continue next week – this would probably drive the price up further, particularly since Russian oil exports are set to be reduced by 500,000 bpd in August, added Commerzbank (ETR:CBKG) analysts.

Both Brent and WTI futures traded flat at 1013 GMT, with Brent at $81.36 a barrel and WTI at $76.89.

Further price support came from Thursday's reports by the International Energy Agency (IEA) and Organization of the Petroleum Exporting Countries (OPEC), predicting that oil demand will pick up in the second half of the year, particularly in China, despite broader macroeconomic headwinds.

National Australia Bank said in a research note on Friday that it expected the OPEC forecast, if realised, "to deliver oil prices well above $100 a barrel", adding that the softening value of the U.S. dollar continued to boost commodity prices.

Cooling U.S. inflation has also given markets hope that the U.S. Federal Reserve could be close to ending its fastest monetary policy tightening campaign since the 1980s.

Meanwhile, Saudi Arabia and Russia, the world's biggest oil exporters, this month agreed to deepen oil cuts in place since November last year, providing further support to crude prices.

Posted by James_Bond > 2023-07-16 23:10 | Report Abuse

Heatwave hitting many countries from US to Europe and now spreading to Japan… Energy especially crude oil or gas usage will be exponentially higher than ever! Cheers!

https://www.nst.com.my/world/world/2023/07/931395/record-heatwaves-sweep-world-us-japan-europe
14 minutes ago

Posted by James_Bond > 2023-07-16 23:13 | Report Abuse

Italy experiencing unbearable hot weather!

https://www.theguardian.com/world/2023/jul/15/italy-temperatures-48c-mediterranean-heatwave-hotter

Posted by success2628 > 2023-07-17 06:55 |

Post removed.Why?

Posted by James_Bond > 2023-07-17 09:03 | Report Abuse

Let me start the ball rolling… bought 0.925! Cheers!

Posted by James_Bond > 2023-07-17 09:16 | Report Abuse

Collected 0.92! Cheers!

Posted by James_Bond > 2023-07-17 09:16 | Report Abuse

Brent oil rebounding… haha…

Posted by James_Bond > 2023-07-17 09:28 | Report Abuse

Rebounding to USD79.40! All the way to USD 80+! Cheers!

Posted by wahidul > 2023-07-17 09:29 | Report Abuse

profit taking is normal,just bought 0.925

Posted by StartOfTheBull > 2023-07-17 09:36 | Report Abuse

Attacked by shortist again.