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Oil,gold, silver Prices

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Re: Oil,gold, silver Prices

Post by nihal123 on Mon Jan 04, 2016 2:29 pm

Futures 3:49 AM EST 1/4/2016

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

Crude Oil---------37.03 $
Brent Crude------37.65 $
Gold------------1072.3 $



http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Wed Jan 06, 2016 5:39 am

Futures 6:57 PM 1/6/2016

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

Crude Oil---------36.24 $
Brent Crude------37.03 $
Gold------------1076.9 $



http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Thu Jan 07, 2016 12:27 am

Futures 1:46 PM EST 1/6/2016
-------------- LAST

Crude Oil---------33.99 $
Brent Crude------34.80 $
Gold------------1092.9 $

scratch

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Thu Jan 07, 2016 9:58 am

Futures 11:17 PM EST 1/6/2016

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

Crude Oil---------33.19 $

Brent Crude------33.82 $

Gold------------1097.7 $



http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Thu Jan 07, 2016 11:59 am

Futures 1:18 AM EST 1/7/2016

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

Crude Oil---------32.86 $

Brent Crude------33.42 $

Gold------------1099.6 $

Gold market going up

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Fri Jan 08, 2016 12:30 am

Futures 1:49 PM EST 1/7/2016
------------- LAST

Crude Oil---------33.29 $

Brent Crude------34.11 $

Gold------------1107.2 $

Gold market going up

http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Sat Jan 09, 2016 9:13 am

Futures 5:40 PM EST 1/08/2016

Crude Oil---------32.88 $

Brent Crude------33.65 $

Gold------------1104.1 $



http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Mon Jan 11, 2016 6:28 am

Futures 7:47 PM EST 1/10/2016

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

Crude Oil---------32.57 $

Brent Crude------33.37 $

Gold------------1106.9 $



http://markets.wsj.com/
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Re: Oil,gold, silver Prices

Post by nihal123 on Mon Jan 11, 2016 9:57 pm

Futures 11:16 AM EST 1/11/2016

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

Crude Oil---------31.74 $

Brent Crude------32.29 $

Gold------------1100.4 $

scratch

http://markets.wsj.com
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Re: Oil,gold, silver Prices

Post by nihal123 on Tue Jan 12, 2016 6:37 am

Futures 7:56 PM EST 1/11/2016

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

Crude Oil---------31.33$

Brent Crude------31.60 $

Gold------------1094.6 $

scratch

http://markets.wsj.com


Last edited by nihal123 on Tue Jan 12, 2016 9:59 am; edited 1 time in total
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Re: Oil,gold, silver Prices

Post by nihal123 on Tue Jan 12, 2016 9:57 am

Futures 11:18 PM EST 1/11/2016

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

Crude Oil---------30.99$

Brent Crude------31.51 $

Gold------------1097.1 $

scratch

http://markets.wsj.com
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Re: Oil,gold, silver Prices

Post by nihal123 on Wed Jan 13, 2016 10:59 pm

Futures 12:18 PM EST 1/13/2016

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

Crude Oil---------30.46$

Brent Crude------30.40 $

Gold------------1091.5 $


http://markets.wsj.com

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Re: Oil,gold, silver Prices

Post by nihal123 on Wed Jan 13, 2016 11:14 pm

Today two oil prices are very closed. I saw this in first time.Always Brent Crude price is high than Crude Oil price but this time Brent Crude price is low than Crude Oil

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Re: Oil,gold, silver Prices

Post by nihal123 on Thu Jan 14, 2016 8:57 am

Futures 10:16 PM EST 1/13/2016

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

Crude Oil---------30.59$

Brent Crude------29.97 $

Gold------------1092.3 $


http://markets.wsj.com
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Re: Oil,gold, silver Prices

Post by sashimaal on Thu Jan 14, 2016 9:21 am

Thanks Nihal.

I am also seeing Brent below normal crude for the first time Smile
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Re: Oil,gold, silver Prices

Post by nihal123 on Fri Jan 15, 2016 3:37 pm

Futures 4:56 AM EST 1/15/2016

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

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

Brent Crude------29.91 $

Gold------------1083.0 $


http://markets.wsj.com
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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Fri Jan 15, 2016 6:59 pm

U.S. crude futures were down by more than 4.5 percent at $29.67 per barrel at 1219 GMT, after posting their first significant gains for 2016 in the previous session. The contract hit $29.39, their lowest since November 2003.

The March Brent contract was down $1.15 at $29.73 a barrel. It hit a session low of $29.43, its lowest since February 2004.

The February Brent contract, which expired on Thursday, closed higher for the first time this year at $31.03 per barrel.


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Re: Oil,gold, silver Prices

Post by Hybrid on Fri Jan 15, 2016 8:12 pm

So in simple terms it means that thermal power is going t o be cheaper than solar power, wind power and hydropower?

That's why our YP has decided to discourage use of clean energy and instead use fossil fuel for power generation, transport and other production uses!
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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Fri Jan 15, 2016 10:39 pm

Something worth reading. Very Happy

Link
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Re: Oil,gold, silver Prices

Post by Monster on Sat Jan 16, 2016 12:49 pm

Economic analysts predicted their 2016 oil price forecast,

* Morgan Stanley analysts says that oil price could reach $20

* Royal Bank of Scotland says it could fall to $16

* Standard Charted predicts that price could hit just $10 per barrel
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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Sat Jan 16, 2016 2:17 pm

Assuming that it will remains below USD 30, what we (a developing country) can use to our own benefits?  Very Happy
Monster wrote:Economic analysts predicted their 2016 oil price forecast,

* Morgan Stanley analysts says that oil price could reach $20

* Royal Bank of Scotland says it could fall to $16

* Standard Charted predicts that price could hit just $10 per barrel
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Re: Oil,gold, silver Prices

Post by guruji on Sat Jan 16, 2016 4:30 pm

Ha 10 doller oil must store in underground to use when prices move up,,

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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Sat Jan 16, 2016 5:41 pm

How we handle old Trino oil storage facility comes to mind. Shocked
guruji wrote:Ha  10  doller  oil  must  store  in  underground  to  use  when  prices  move  up,,
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Re: Oil,gold, silver Prices

Post by කිත්සිරි ද සිල්වා on Sat Jan 16, 2016 5:44 pm

International sanctions to be lifted on Saturday

International sanctions on Iran will be lifted on Saturday when the United Nations nuclear agency declares Tehran has complied with an agreement to scale back its nuclear program, Iran's foreign minister said.

Foreign Minister Javad Zarif arrived in Vienna, headquarters of the International Atomic Energy Agency, the U.N. body expected to issue a report triggering the lifting of sanctions imposed by the United Nations, United States and European Union.

The sanctions have cut off a nation of nearly 80 million from the global financial system, drastically reduced the exports of a major oil producer and imposed severe economic hardship on ordinary Iranians. Most will be lifted immediately.


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Re: Oil,gold, silver Prices

Post by Monster on Sat Jan 16, 2016 6:06 pm

කිත්සිරි ද සිල්වා wrote:International sanctions to be lifted on Saturday

International sanctions on Iran will be lifted on Saturday when the United Nations nuclear agency declares Tehran has complied with an agreement to scale back its nuclear program, Iran's foreign minister said.

Foreign Minister Javad Zarif arrived in Vienna, headquarters of the International Atomic Energy Agency, the U.N. body expected to issue a report triggering the lifting of sanctions imposed by the United Nations, United States and European Union.

The sanctions have cut off a nation of nearly 80 million from the global financial system, drastically reduced the exports of a major oil producer and imposed severe economic hardship on ordinary Iranians. Most will be lifted immediately.


Read more

This would bring further fall on oil price in the world market. Why oil price is going down is over supply. Saudi Arabia, which is the largest oil exporter didn't agree to cut down it's oil production. Therefore, Saudi Arabia is to blamed for this oil meltdown.

Who would benefit and who would suffer from this low oil price. Consumers and some companies largely depends oil for their energy, transportation companies and airlines are definitely going to benefit. On the other hand, needless to say, oil exporting countries, specially their economy is largely depends on oil exports, such as Venezuala, Algeria, Nigeria and Russia are going to suffer.

If OPEC members decided to cut down the over production, the oil price will go up in no time. But in this prevailing political situation in the Middle East, I don't think it will happen soon.
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