Re: Oil, Gold & Silver Prices

[කිත්සිරි ද සිල්වාTop contributor]

They all are in " ගෙදර ගියොත් අඹු නසී මග සිටියොත් නුඹ නසී " situation right now.
Hope, we (developing nations) are smart enough to use the advantage for our gains.

[nihal123Top contributor]

Futures 5:59 PM EST 1/15/2016

------------- LAST

Crude Oil---------29.70 $

Brent Crude------29.11 $

Gold------------1088.6 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 7:40 PM EST 1/17/2016

------------- LAST

Crude Oil---------28.79 $

Brent Crude------28.25 $

Gold------------1090.4 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 9:43 PM EST 1/19/2016

------------- LAST

Crude Oil---------28.00 $

Brent Crude------28.60 $

Gold------------1091.1 $


http://markets.wsj.com

[කිත්සිරි ද සිල්වාTop contributor]

US crude hits new 12-year low below $28

US crude hit new 12-year lows below $28 a barrel in Asia on Wednesday after the International Energy Agency (IEA) warned that the oil market could "drown in oversupply".

West Texas Intermediate (WTI), the US benchmark, struck a low of $27.92 a barrel at one point before recovering slightly. It was trading at $28.13, down 33 cents, or 1.16 percent, at around 0215 GMT.

The last time WTI closed below $28 was in September 2003.

Brent crude was trading nine cents lower at $28.67. Brent itself fell below $28 on Monday.

Read more

[Hybrid]

Solar Energy will be more expensive than Thermal Power. What a reality show!

[Monster]

Oil price falls below 28 dollars today.

[nihal123Top contributor]

Futures 4:08 AM EST 1/20/2016
------------- LAST

Crude Oil---------27.39 $

Brent Crude------27.94 $

Gold------------1095.9 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 11:20 AM EST 1/20/2016

------------- LAST

Crude Oil---------26.93 $

Brent Crude------27.65 $

Gold------------1102.5 $


http://markets.wsj.com

[කිත්සිරි ද සිල්වාTop contributor]

How to Profit From the Oil Crash

Read more

[nihal123Top contributor]

Futures 8:28 AM EST 1/22/2016

------------- LAST

Crude Oil---------31.10 $

Brent Crude------31.54 $

Gold------------1096.7 $


http://markets.wsj.com

[balapasTop contributor]

How to Profit From the Oil Crash  

Read more

$2 per gallon. Gallon is 3.78 liters as per google. So Amercians pay about Rs 76 for a liter of petrol. Direct comparison is somewhat inaccurate because they have their own oil. However I hope CPC is making some profits to cover its disastrous history with regard to losses and debt. I dont believe we are still using gas from Oct stock as the minister says. Saying that there are many exact same food, beverages and other items that cost less in developed countries (even they do not make them) than in SL.

[Future123Active Member]

How to Profit From the Oil Crash  

Read more

$2 per gallon. Gallon is 3.78 liters as per google. So Amercians pay about Rs 76 for a liter of petrol. Direct comparison is somewhat inaccurate because they have their own oil. However I hope CPC is making some profits to cover its disastrous history with regard to losses and debt. I dont believe we are still using gas from Oct stock as the minister says. Saying that there are many exact same food, beverages and other items that cost less in developed countries (even they do not make them) than in SL.

Food prices are absolutely expensive in Sri Lanka than in developed countries. Same thing with dining out in restaurants. My relatives who live in the states surprised to see food prices in Sri Lanka. The worst thing is we export everything and we locals pay very high prices. Eg: We export cashew nuts from SL and western countries import from us. The prices of cashew nuts is cheaper in western countries than in SL.

[කිත්සිරි ද සිල්වාTop contributor]

Yes, even Services are.
(Recently I did a comparison with the price I paid at Kataragama with a well known hotel chain in Phuket and I could take a room with a private pool with that kind of money there).

How to Profit From the Oil Crash  

Read more

$2 per gallon. Gallon is 3.78 liters as per google. So Amercians pay about Rs 76 for a liter of petrol. Direct comparison is somewhat inaccurate because they have their own oil. However I hope CPC is making some profits to cover its disastrous history with regard to losses and debt. I dont believe we are still using gas from Oct stock as the minister says. Saying that there are many exact same food, beverages and other items that cost less in developed countries (even they do not make them) than in SL.

Food prices are absolutely expensive in Sri Lanka than in developed countries. Same thing with dining out in restaurants. My relatives who live in the states surprised to see food prices in Sri Lanka. The worst thing is we export everything and we locals pay very high prices. Eg: We export cashew nuts from SL and western countries import from us. The prices of cashew nuts is cheaper in western countries than in SL.

[nihal123Top contributor]

Futures 5:31 PM EST 1/22/2016

------------ LAST

Crude Oil---------32.25 $

Brent Crude------32.77 $

Gold------------1098.2 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 10:18 AM EST 1/25/2016

------------ LAST

Crude Oil---------31.50 $

Brent Crude------32.49 $

Gold------------1107.0 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 12:14 PM EST 1/25/2016

----------- LAST

Crude Oil---------30.55 $

Brent Crude------31.54 $

Gold------------1107.3 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 10:42 AM EST 1/26/2016

----------- LAST

Crude Oil---------31.31 $

Brent Crude------32.45 $

Gold------------1116.7 $


http://markets.wsj.com

[chutiputhaTop contributor]

Thank U Nihal Ayya ,But We are unable to buy Gold Items as we thought with better price..

[nihal123Top contributor]

Futures 11:49 AM EST 1/27/2016

----------- LAST

Crude Oil---------32.48 $

Brent Crude------33.90 $

Gold------------1117.5 $


http://markets.wsj.com

[nihal123Top contributor]

Futures 3:22 AM EST 1/28/2016

----------- LAST

Crude Oil---------32.32 $

Brent Crude------34.04 $

Gold------------1118.3 $


http://markets.wsj.com

[Ethical TraderTop contributor]

Thanks Nihal.

[nihal123Top contributor]

Futures 12:00 PM EST 1/28/2016

----------- LAST

Crude Oil---------33.14 $

Brent Crude------34.82 $

Gold------------1115.9 $


http://markets.wsj.com

[කිත්සිරි ද සිල්වාTop contributor]

Oil prices were about 3 percent higher on Thursday after the Russian energy minister said Saudi Arabia had proposed that oil-producing countries trim output, which would be the first global deal in over a decade to help clear a glut that has depressed prices for over a year and a half.

Prices pared gains amid growing doubts over the deal to cut production by up to 5 percent after media reports said that delegates from the Organization of the Petroleum Exporting Countries had not yet heard of any plans for talks and that Saudi Arabia had not proposed cuts.

Crude had jumped as much as 8 percent after Russian Energy Minister Alexander Novak revealed the proposed reductions in output, which would amount to about 500,000 barrels a day of cuts by Russia, one of the largest producers outside OPEC.

But by 1:30 p.m. EST (1830 GMT), Brent was up 73 cents, or 2.2 percent, at $33.83 a barrel, after trading as high as $35.84.

U.S. crude was up 98 cents, or 3 percent, at $33.28 per barrel, down from a high of $34.82.

The Russian minister also said that it was reasonable to discuss the situation in the oil market and that OPEC was trying to organize a meeting with other producers next month.

A senior Gulf OPEC delegate said that Gulf countries and Saudi Arabia are willing to cooperate on any action to stabilize the oil market.

Anticipation that OPEC and non-OPEC producers could coordinate production cuts has been around all week, and a closing gain on Thursday would be the third in a row - a first this year.

But analysts and market watchers have been skeptical, saying it was unlikely a deal would be struck, particularly as Iran, which has boosted oil exports after the lifting of sanctions, seeks to recover its market share.

"The rally this morning isn't going to last," said Bill Baruch, senior market strategist at iitrader.com in Chicago.

"It's a buy-the-rumor, sell-the-fact affair until we see something substantial"

Short covering, which has been a major factor in oil's recovery from last week's lows, also pushed prices up. Speculators have raced to unwind some of the record-large bearish positions racked up over the last six months. [CFTC/]

"I haven't seen any official comments from the Saudi Arabians yet, so I think the latest push is just another wave of covering by the spec shorts," said Gene McGillian, Senior Analyst at Tradition Energy in Stamford Connecticut.

Still, in the absence of a deal, some said the oil market could recover of its own accord, particularly as U.S. shale producers show signs of capitulation.

The number of active rigs has been coming down and production is falling in the region. Oilfield services provider Baker Hughes Inc , said it expected the number of rigs active globally to decline by as much as 30 percent in 2016.


Source

[Market loverTop contributor]

Tks for the updates Nihal