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Volatile Crude Oil Trading Likely On Months Of August

Last week’s price swings may be a good indication of the volatile trading we are likely to see in the crude oil market over the coming weeks. Although demand for petroleum products has shown slight signs of improvement, prices above USD70 do not seem to reflect fundamental realities. Spare capacity in OPEC countries is at elevated levels and demand for crude oil is projected to fall by 2.5 mbd this year, according to the IEA. Strong equity markets and a soft dollar could keep this price level in sight, however.

Over the medium term, the buildup in Inventories will need to be chiseled away before recent gains are supported by fundamentals. In terms of dead weight tonnages, tankers floating at sea being used as oil storage are near record highs, according to the available data that begins in 1982. A dramatic shift in investor sentiment coupled with weak underlying fundamentals could force WTI oil prices back toward USD50. In the absence of this shift, prices could remain in the USD60 - USD70 range.


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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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