https://oilprice.com/Geopolitics/Middle-East/Houthi-Rebels-Launch-Missile-Attack-On-Saudi-Oil-Terminal.html +++++++++++++++ Thursday’s attack also comes amid concerns that global oil supply could be disrupted by the ongoing blockage of the Suez Canal, which could take weeks to clear for shipping after a giant container ship got stuck sideways in the narrowest section of the canal. Oil prices were rising by around 3% on Friday, supported by the Suez Canal disruption and the latest Houthi attack in the world’s largest oil exporter, Saudi Arabia.
Despite the recent sell-offs in oil, investors are warming up to the energy sector, which bore the brunt of last year’s shock of crashing oil prices and oil demand. The energy sector has been the top performer in the S&P 500 index year to date, despite the price routs last week and earlier this week. Some exchange-traded funds (EFTs) tracking oil prices have surged since the start of 2021 as investors turned their attention to industries expected to benefit the most from the economic recovery. Energy is one of those, and analysts still see upsides for energy stocks and ETFs.....
Yes, OPEC ministers meeting today will know the outcome... I think it will be a superb good news and oil price immediately will spike up towards the $80 level...
Don’t worry, economy is started to be prosperous, You can see most of the counters of consumer, property, construction started to spike up like mad e.g BJCorp, MKland, Ekovest and many many more counters in other sectors also spike up to sky high ! I think oil price post pandemic also will rise above USD $80 in soonest of time ! So, the next theme will be O&G counters to spike up like mad since O&G counters is the sector which it’s share price still at it’s record lowest price & still not yet move up !
NEW YORK: Oil prices settled up more than US$2 Thursday despite news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude settled up US$2.12, or 3.4%, to $64.86 a barrel. U.S. oil settled up $2.29, or 3.9%, at $61.45 a barrel...
Boring counter..... I thought all the while for a month its about time to fly. But actually no one interested to buy this counter even though record shows Brent oil price sustained above USD 60 and and above for more than 2 months..... Its means BAD SIGN IN COMING QR..... I stay away from now on.......
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....
Hidup_PN
571 posts
Posted by Hidup_PN > 2021-03-26 12:10 | Report Abuse
4 months to GE15? 12 sen you happy not 20-30 sen or more?