Oil Price Watch

[crazy_boy]

Sabi ni *Uls di aabot ng US$ 100 ang brent...

Brent Crude Oil
$101.87




WTI Crude Oil
$86.52

so hanggang $101 nalang yan. wala ng ibababa hehe

[uls]

based on fundamentals the cost of producing a barrel of non-OPEC oil is around $100

the market knows it

so will market participants bring down the price of Brent below $100? well, probably

if speculators can bid $20 above fundamentals they can dump it $20 below fundamentals

$80 brent? pwede

PERO -- it's gonna hurt oil producers whose production cost is $100/barrel

ano gagawin nila? mag produce ng palugi? for a while maybe but not in the long run

so if they suspend production global supply will decrease... which will put a floor under Brent

the market has to figure out what that floor price is

[uls]

quote ko lang sarili ko

from page 99 June 1, 2012

based on fundamentals the cost of producing a barrel of non-OPEC oil is around $100

the market knows it

so will market participants bring down the price of Brent below $100? well, probably

if speculators can bid $20 above fundamentals they can dump it $20 below fundamentals

$80 brent? pwede

PERO -- it's gonna hurt oil producers whose production cost is $100/barrel

ano gagawin nila? mag produce ng palugi? for a while maybe but not in the long run

so if they suspend production global supply will decrease... which will put a floor under Brent

the market has to figure out what that floor price is

so far it looks like $95 is the floor price



it keeps bouncing back when it hits $95

[boybi]

quote ko lang sarili ko

from page 99 June 1, 2012



so far it looks like $95 is the floor price



it keeps bouncing back when it hits $95

Brent just hit $94.91 a few minutes ago.

[uls]

Brent just hit $94.91 a few minutes ago.

yup it did

Brent visited $94 kanina

[Ry_Tower]

quote ko lang sarili ko

from page 99 June 1, 2012



so far it looks like $95 is the floor price



it keeps bouncing back when it hits $95

CRUDE OIL PRICE: Oil | Energy | Petroleum | Oil Price | Crude Oil Charts | Oil Price Forecast

seems like $95 is the floor price, bumaba nga ng century ark but so far sa price point na lang na yan talaga nag-aaverage brent. But i believe meron pa at least isang rollback if it remain at that price point.

[Chikselog]

Sana pumatak pa ng 40s ang gas. Konti na lang.

[renzo_d10]

Sana pumatak pa ng 40s ang gas. Konti na lang.

Oo, pag bumaba yan ng 45/L masaya na ako.

[crazy_boy]

Oo, pag bumaba yan ng 45/L masaya na ako.

tapos yung diesel high 20s hehe

[Monseratto]

Naku, dadami na naman mga sasakyan sa daan. Lalong traffic tuloy...

[vinj]

Naku, dadami na naman mga sasakyan sa daan. Lalong traffic tuloy...

Dadami ulit ang mga ka-kopal sa kalye. :D

[uls]

President Putin won't be happy with Brent below $100

Russia govt spending is financed by oil

they need oil price to stay high

Investors Yearn for Putin to Cut Graft, Stimulate Oil Sector - Emerging Europe Real Time - WSJ

Succeeding waves of populist spending and tax cuts have pushed up the oil price Russia needs to balance its budget to $117 per barrel from around $60 per barrel in 2008

what will Putin do if Brent falls below $100 and stays below $100 for an extended period?

he will do something. something that has to do with Iran and Israel

[falken]

President Putin won't be happy with Brent below $100

Russia govt spending is financed by oil

they need oil price to stay high

Investors Yearn for Putin to Cut Graft, Stimulate Oil Sector - Emerging Europe Real Time - WSJ



what will Putin do if Brent falls below $100 and stays below $100 for an extended period?

he will do something. something that has to do with Iran and Israel

Set those two countries against each other. Cause a little panic, oil prices shoot up again.

[uls]

$100 na ang Brent

let's see how low it can really go

$80?

demand destruction will meet supply destruction

[Chikselog]

Are we expecting another round of fuel price rollback within the next days?

[Ry_Tower]

^ yes, most probably.

[renzo_d10]

Are we expecting another round of fuel price rollback within the next days?

51.80 nalang yung Shell Unleaded sa may EDSA when I passed by, normal price sa ibang stations are 52.80, does that mean nagbaba ng piso or sadyang mababa ang price nila??

[crazy_boy]

51.80 nalang yung Shell Unleaded sa may EDSA when I passed by, normal price sa ibang stations are 52.80, does that mean nagbaba ng piso or sadyang mababa ang price nila??

i think they have lower price lang. usually kasi kung rollback, from head office yung decision.

[falken]

$83.57 nalang NYMEX and $98.78 nalang Brent.

[uls]

ever since pababa ang oil price di nako nag full tank

always pa-full tank on the way up. never pa-full tank on the way down