SINGAPORE (Apr 16): Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 percent the previous session and analysts said more price rises were likely despite market oversupply.
Front-month Brent crude futures rose above $63 a barrel for the first time this year on Wednesday, although they had dipped back to $62.96 by 0413 GMT on Thursday. U.S. crude was at $56.23 after hitting a 2015 high of $56.69 on Wednesday.
"We turn extremely bullish on oil after yesterday's 5 percent rally in crude prices," Singapore-based energy brokerage Phillips Futures said.
"This whole rally was primarily due to drops in U.S. crude production. We see the 4-week average for crude production turning negative for the first time since July '14," it added.
Reuters technical analyst Wang Tao said in the Global Oil Forum that Brent could rise towards $70 a barrel in the near term, but that a sharp downturn could happen after that
don't worry, all have only one year plus of suffering to go, either die die or survive all depends on the wisdom of the so called "best spacky management"
if you buy at 0.425, you cant go wrong, guaranteed 48cts if no QA but if secured a good QA, the upside is unspeakable. you dont need to be a rocket scientis to understand that
now, the oil price is recovering, the upside can be good if can get QA soonest possible. but anything good is not cheap and not easy to acquire
At .425 you can make 11% profit maybe in a year if no QA. If QA, the sky is the limit. Better than fix deposit or ASB or Tabung Haji. So what do you think?
dont think credit suisse accumulation is anything but a calculated investment the bank also accumulate cliq that in process of acquiring a kazak oil field
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....
nice1
819 posts
Posted by nice1 > 2015-04-16 12:52 | Report Abuse
best buy
best time to buy is now when price is low and hasn't move yet
once news on QA done and oil price up and up, then need to rush to buy at higher price
buy buy buy