"Fundamentals remain incredibly supportive, especially with Saudi Arabia in full control pursuing a tight oil policy," Stephen Innes, chief global markets strategist at Axi said in a note. On Monday, Brent crude oil prices rose above $70 a barrel after Yemen's Houthi forces fired drones and missiles at the heart of the Saudi oil industry, including a Saudi Aramco (SE:2222) facility at Ras Tanura vital to petroleum exports. Riyadh said there were no casualties or loss of property and prices ended the day lower. Still, the United States expressed alarm at "genuine security threats" to Saudi Arabia from Yemen's Iran-aligned Houthis and elsewhere in the region, and said it would look at improving support for Saudi defences. The attacks came after the Organization of the Petroleum Exporting Countries (OPEC), Russia and their oil producing allies, known as OPEC+, agreed last week agree on broadly sticking with output cuts despite rising crude prices.
12m additional oil stocks in US reported by investing.com . There are many factors. US may imported more oil and refinary oil factory not at full capacity of processing.
it influenced cause we got big players manipulating market...they get news and they control the prices...we just tengok nasib your star align or not with the big players
Refinery Activity (Thousand Barrels per Day) Four Weeks Ending 3/5/21 2/26/21 3/6/20 Crude Oil Input to Refineries 12,316 12,936 15,904 Refinery Capacity Utilization (Percent) 69.2 72.7 87.6 Motor Gasoline Production 8,518 8,431 9,759 Distillate Fuel Oil Production 3,699 3,938 4,763 See Table 2. Stocks (Million Barrels) 3/5/21 2/26/21 3/6/201 Crude Oil (Excluding SPR)2 498.4 484.6 451.8 Motor Gasoline3 231.6 243.5 247.0 Distillate Fuel Oil3 137.5 143.0 128.1 All Other Oils4 415.8 410.9 438.7 Crude Oil in SPR 637.8 637.8 635.0 Total4 1,921.1 1,919.8 1,900.5 See Table 1. 1 Year-ago data originally published for crude oil stocks included lease stocks which began being excluded from commercial crude oil inventories with data for the week ended October 7, 2016. 2 Includes those domestic and Customs-cleared foreign crude oil stocks held at refineries and tank farms or in transit thereto, and in pipelines. 3 Excludes stocks located in the "Northeast Heating Oil Reserve", "Northeast Regional Refined Petroleum Product Reserve", and "State of New York’s Strategic Fuels Reserve
AmanahRaya( PNB) is selling MayBank since Jan 2021, usually PNB sell one Portfolio and Buys another. So far amanah didnt buys Velesto in 2021( to support / push price ) Maybe coming
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....
nasrulfahmi
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Posted by nasrulfahmi > 2021-03-09 14:50 | Report Abuse
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