Powered by Blogger.

We Have Move To...

2009-09-01

Crude Oil Finish The Week Close To USD73

http://moveup.com.my/u95/images/u95.jpg

After nearing the USD75 mark at the beginning of last week, WTI oil succumbed to some profit-taking and fell below USD70 on an intraday basis on Thursday 27 August. Prices then recovered to finish the week close to USD73. Oscillating prices may remain the key dynamic in the oil market over the coming weeks as demand improves from a low base and economic conditions remain at an inflection point.

Last week, the premium for WTI over dated Brent averaged USD0.48 on a daily basis compared to an average daily discount of USD1.88 over the prior 30 trading sessions. This suggests that the fundamentals in the U.S. market are strengthening. In the short to medium term, investor sentiment regarding the demand outlook may be the determining factor, either pushing prices above USD75 or pressuring prices lower back into the USD65 - USD70 range.

Back to Malaysia today the RON95 petrol which will replace RON97 will be retailed at RM1.80 per liter, said Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.RON97 had been upgraded as a premium petrol with a price of RM2.05 per liter.

0 comments:

Related Posts Plugin for WordPress, Blogger...

PostRank

My Blog List

Blog I Follow

Popular posts

Blog Archive

Templates

Stock Quote

Stock Quotes
KLCI Live Quotes
Lookup Stock Code/Name
Enter Stock Code/Name
FastQuote

Powered by zoomFinanceCorp.

Subscribe Now: Feed Icon

Home Page Home Page Home Page Home Page Home Page Home Page

Investment Idea

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.

Malaysia Gold Price

Gold Price Per Gram in Ringgits
Malaysian Ringgits per Gram

  © Free Blogger Templates 'Greenery' by Ourblogtemplates.com 2008

Back to TOP