"China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June's G20 summit."
"Trump has repeatedly said he is getting ready to meet Chinese President Xi Jinping at the Osaka summit at the end of June, but China has not confirmed it."
"Trump said last week he would decide after the meeting of the leaders of the world's largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods."
SUMMARY
TRADE WAR between CHINA & US is very likely going to ESCALATE and oil price has fallen to USD62/barrel today, which is likely to fall further moving forward.
CORRECTION in Oil & Gas counter likely will be coming soon.
"Oil prices sank on Wednesday following government data that showed another rise in U.S. crude stockpiles and as the market continues to grapple with concerns about weakening fuel demand."
"Brent crude, the international benchmark for oil prices, was down $1.14, or 1.8%, at $61.15 around 10:40 a.m. ET (1435 GMT). Brent hit a session low at $60.30 in early morning trading."
"U.S. West Texas Intermediate crude futures fell $1.18, or 2.2%, to $52.09 per barrel. WTI fell as low as $51.46 earlier in the session."
"Affin Hwang Capital Research has downgraded the Oil & Gas sector (O&G) to “Neutral” (from Overweight) and said with heightened uncertainty over global demand and a good run-up in O&G stock prices in 1H19, the risk-reward profile is skewed to the downside."
"Oil slipped further into a bear market as American factories and homebuilders offered the latest signs of weakening demand."
"Futures slid 1.1% in New York while London-traded Brent crude fell almost 2% as OPEC and its allies struggled to pick a meeting date to discuss supply cuts. In the U.S., the Federal Reserve found a record slowdown in June for New York State factories while sentiment among housing contractors unexpectedly dropped for the first time all year."
"West Texas Intermediate for July delivery closed 58 cents lower at $51.93 a barrel on the New York Mercantile Exchange. Brent for August settlement fell $1.07, or 1.7%, to $60.94 a barrel on London’s ICE Futures Europe Exchange."
Poor will76, sour grape..the more u wish the stock to go down.,it goes higher and higher...I in .59 sen, paper gain 40% in just a month..will sell only above RM1
Reminder : eforce WA expired on 1st july at 5pm so trade with carefull... hear any goreng goreng???hmmm for last 2 days trading day mayb will fly like ekovest wa just wait n see,but dont forget the xpired date yaa...
For those who has follow my little tips to buy carimin at the earlier stage, l believe all of them have earn a lot money and l would like to say congratulation to them....
Oil price has PLUNGED 8% from USD67/barrel to USD62/barrel the last few days despite a truce on further new tariffs between Trump & Xi at G20 last Sunday & OPEC extending its production cut for another 9 months last Monday.
Lets see if oil price will fall below USD60/barrel this month or maybe will it drop to USD55/barrel...
You guys will recall that someone has a TP of 2.00. I just polished my crystal ball and here is what I found..........next QR will see a rise to 1.47 and stabilize .
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....
upshare
3,239 posts
Posted by upshare > 2019-06-11 20:09 | Report Abuse
0.8 coming???