Oil Pricing

dancingshoes · Apr 17, 2016

The increase in value since mid-January has been amazing since nothing has yet to be agreed by the various producers and there is no guarantee that the meeting will end with an agreement on Sunday as Iran is not likely to participate in a deal which could derail Saudi Arabia from agreeing to freeze their production to subsidize Iran.

http://www.futuresmag.com/2016/04/13/will-crude-prices-stay-negative-territory

frenchbriefs · Apr 17, 2016

i only have about 2k invested in XLE and XOP back in jan or feb when oil bottomed at $27 a barrel.....hope oil doesnt recover too fast before i can pump more money into it......its my only hope now for a big jackpot,hopefully a two bagger or three bagger.

krafty · Apr 17, 2016

soory bro, i hope the OPEC and non-Opec nations keep the oil tap flowing. if not, i will be in serious trouble.:o

Alamakinky · Apr 17, 2016

Same here....since the crisis I have invested my near life savings of $108.60 cash and $2.62 CPF in oil. Hope I dont lose all my money and have to declare bankruptcy.

krafty said:
soory bro, i hope the OPEC and non-Opec nations keep the oil tap flowing. if not, i will be in serious trouble.:o

frenchbriefs · Apr 17, 2016

Alamakinky said:
Same here....since the crisis I have invested my near life savings of $108.60 cash and $2.62 CPF in oil. Hope I dont lose all my money and have to declare bankruptcy.

got buy got hope,even if u dont try u are still dead broke anyway so might as well gamble it all,yolo.

Alamakinky · Apr 17, 2016

Thats true...anyway if lose all my money can still borrow from tycoon krafty.

frenchbriefs said:
got buy got hope,even if u dont try u are still dead broke anyway so might as well gamble it all,yolo.

winnipegjets · Apr 17, 2016

Alamakinky said:
Same here....since the crisis I have invested my near life savings of $108.60 cash and $2.62 CPF in oil. Hope I dont lose all my money and have to declare bankruptcy.

If you trade it, your life savings can increase to the millions. If you just sit and wait, the most you can get is in the thousands. Oil is for trading, not for investing.

Alamakinky · Apr 17, 2016

Just kidding around only....I dont have the spare money nor the risk appetite for oil trading....just a typical sinkie kpkb and wishful thinking only.

winnipegjets said:
If you trade it, your life savings can increase to the millions. If you just sit and wait, the most you can get is in the thousands. Oil is for trading, not for investing.

YamSeng · Apr 17, 2016

Alamakinky said:
Same here....since the crisis I have invested my near life savings of $108.60 cash and $2.62 CPF in oil. Hope I dont lose all my money and have to declare bankruptcy.

You are better than me. Yours is one time losses, mine is every month lost 20% :biggrin:

Alamakinky · Apr 17, 2016

Sorry to hear that bro.....like that how to yam seng?

YamSeng said:
You are better than me. Yours is one time losses, mine is every month lost 20%

YamSeng · Apr 17, 2016

Alamakinky said:
Sorry to hear that bro.....like that how to yam seng?

In order to yam seng, I was told I could only do that when Im 67, however, by the time changes again, up to 80. :biggrin:

Alamakinky · Apr 17, 2016

Aiyah...this cuntry is like that one .....position of goalposts always changing.

YamSeng said:
In order to yam seng, I was told I could only do that when Im 67, however, by the time changes again, up to 80.

winnipegjets · Apr 17, 2016

winnipegjets said:
If you trade it, your life savings can increase to the millions. If you just sit and wait, the most you can get is in the thousands. Oil is for trading, not for investing.

$108 can buy at least 2 barrels of oil. Talk to a MLM person, he/she will sell how you can exponentially increase your income :biggrin:

Alamakinky · Apr 17, 2016

Talking to an MLM person sounds like financial suicide and ruin to me....I'll stick to kpkb-ing.

winnipegjets said:
$108 can buy at least 2 barrels of oil. Talk to a MLM person, he/she will sell how you can exponentially increase your income

winnipegjets · Apr 17, 2016

Alamakinky said:
Talking to an MLM person sounds like financial suicide and ruin to me....I'll stick to kpkb-ing.

You buy two barrels of oil when it goes to the low thirties, store in your HDB flat (no storage cost incurred). Then sell it when it reaches forties again. You can do that a few times in a year. If you are gung ho enough, then use OPM to increase your bet.

Caveat: If you pok kai, don't come after me.

Ash007 · Apr 17, 2016

As much as the alternative energy is saying it'll be replacing oil. It would be a long long time before oil has no value.

krafty · Apr 17, 2016

Alamakinky said:
Thats true...anyway if lose all my money can still borrow from tycoon krafty.

you suan me!!:oIo:

:biggrin:

:p

krafty · Apr 17, 2016

oh my god...:(

http://www.channelnewsasia.com/news/business/draft-doha-agreement-woul/2703332.html

The freeze would last until Oct. 1 this year, and producers would meet again in October in Russia to review their progress in engineering "a progressive recovery of the oil market", the draft reads.

frenchbriefs · Apr 17, 2016

Ash007 said:
As much as the alternative energy is saying it'll be replacing oil. It would be a long long time before oil has no value.

not in the short term,but it could be running out soon though,im pretty sure we have past peak oil already.alternative energy is the future.india is taking a step in the right direction building alternative energy farms.

krafty · Apr 17, 2016

Ash007 said:
As much as the alternative energy is saying it'll be replacing oil. It would be a long long time before oil has no value.

frenchbriefs said:
not in the short term,but it could be running out soon though,im pretty sure we have past peak oil already.alternative energy is the future.

oil will retain its value and will never cease as the main source of energy. i think you all reading too much science fiction. :biggrin:

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