The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Coronavirus Updates
Oil prices surge more than 5-pct EmptyYesterday at 10:18 pm by The Invisible

» Thread for News on International Markets
Oil prices surge more than 5-pct EmptyYesterday at 7:39 am by The Invisible

» In the Meantime, Within Our Shores !
Oil prices surge more than 5-pct EmptyWed Apr 08, 2020 10:00 pm by කිත්සිරි ද සිල්වා

» Embrace Modernity or Perish is the Question Today
Oil prices surge more than 5-pct EmptyWed Apr 08, 2020 2:43 pm by කිත්සිරි ද සිල්වා

» Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction
Oil prices surge more than 5-pct EmptyWed Apr 08, 2020 2:40 pm by The Invisible

» Sri Lanka’s Colombo tea auction goes online amid Coronavirus curfew
Oil prices surge more than 5-pct EmptyWed Apr 08, 2020 10:09 am by The Invisible

» Cartoon Today
Oil prices surge more than 5-pct EmptyWed Apr 08, 2020 10:04 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Oil prices surge more than 5-pct EmptyTue Apr 07, 2020 7:51 am by The Invisible

» ඩොලරයේ විකුණුම් මිල රු. 199 ඉක්මවයි
Oil prices surge more than 5-pct EmptyMon Apr 06, 2020 3:03 pm by කිත්සිරි ද සිල්වා

» මරණය-පෙනි-පෙනී-ඇමරිකාවට-ගිය-ගමන
Oil prices surge more than 5-pct EmptySun Apr 05, 2020 8:00 pm by nihal123

» Happy Birthday
Oil prices surge more than 5-pct EmptySat Apr 04, 2020 3:21 pm by pjrngroup

» Nikon Offering Free online Photography Classes
Oil prices surge more than 5-pct EmptySat Apr 04, 2020 10:23 am by කිත්සිරි ද සිල්වා

» Oil, Gold & Silver Prices
Oil prices surge more than 5-pct EmptySat Apr 04, 2020 9:39 am by කිත්සිරි ද සිල්වා

» A Simple but Powerful Yogic Process to Boost Immunity and Enhance Lung Capacity
Oil prices surge more than 5-pct EmptyFri Apr 03, 2020 8:15 pm by කිත්සිරි ද සිල්වා

» Sri Lanka finance companies pressured by Coronavirus: Fitch
Oil prices surge more than 5-pct EmptyFri Apr 03, 2020 1:12 pm by The Invisible

» Sri Lanka appeals for forex inflows to combat COVID-19, lifts inward restrictions
Oil prices surge more than 5-pct EmptyThu Apr 02, 2020 8:49 pm by The Invisible

» Sri Lanka to control imports except oil and medicines, grow vegetables: Minister
Oil prices surge more than 5-pct EmptyThu Apr 02, 2020 8:48 pm by The Invisible

» ඇඳුම නං නරක නෑ
Oil prices surge more than 5-pct EmptyWed Apr 01, 2020 9:48 am by The Invisible

» Kagame gives food, free electricity to every household during lockdown
Oil prices surge more than 5-pct EmptyTue Mar 31, 2020 10:07 am by කිත්සිරි ද සිල්වා

» MARKET HOLIDAY ON 30TH MARCH 2020
Oil prices surge more than 5-pct EmptySun Mar 29, 2020 10:09 pm by කිත්සිරි ද සිල්වා

» Power of Social Media
Oil prices surge more than 5-pct EmptySun Mar 29, 2020 1:19 pm by කිත්සිරි ද සිල්වා

» මනුස්සකම
Oil prices surge more than 5-pct EmptySun Mar 29, 2020 10:10 am by LSE

» 450 Ivy League courses you can take online right now for free
Oil prices surge more than 5-pct EmptySat Mar 28, 2020 2:32 am by pjrngroup

» අය කළ ණය වාරික නැවත ලබා දෙනවා – මහජන බැංකු සභාපති කියයි
Oil prices surge more than 5-pct EmptyFri Mar 27, 2020 12:02 pm by nihal123

» මේ දුප්පත් රටට ඔබේ ජීවිතය බේරලා දෙන්න උදව් කරන්න.
Oil prices surge more than 5-pct EmptyThu Mar 26, 2020 4:26 pm by malanp

» Coronavirus COVID-19 Live update
Oil prices surge more than 5-pct EmptyWed Mar 25, 2020 7:59 pm by nihal123

» Anytime Data
Oil prices surge more than 5-pct EmptyWed Mar 25, 2020 4:07 pm by pjrngroup

» Films - To Watch List
Oil prices surge more than 5-pct EmptyWed Mar 25, 2020 12:05 pm by yellow knife

» US Embassy urges Americans in Sri Lanka to leave
Oil prices surge more than 5-pct EmptyWed Mar 25, 2020 8:16 am by The Invisible

» Why we need to practise social distancing
Oil prices surge more than 5-pct EmptyTue Mar 24, 2020 8:44 pm by chutiputha

» මුළු දිවයිනටම ඇඳීරි නිතිය
Oil prices surge more than 5-pct EmptyTue Mar 24, 2020 8:17 pm by chutiputha

» නමක් ගමක් දන්නෙ නෑ රත්තරන් මනුස්සයෙක්
Oil prices surge more than 5-pct EmptyTue Mar 24, 2020 6:01 pm by nihal123

» Amazon today cancelled the subscription of books and audio stories
Oil prices surge more than 5-pct EmptyTue Mar 24, 2020 5:33 pm by කිත්සිරි ද සිල්වා

» ජනපතිගෙන් ජනතාවට සහන
Oil prices surge more than 5-pct EmptyMon Mar 23, 2020 8:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka asks telecos to give emergency credit to keep in touch in Coronavirus fight
Oil prices surge more than 5-pct EmptyMon Mar 23, 2020 7:35 am by The Invisible

» කොටස් වෙළෙඳපොළ හෙට පැය 03කට විවෘත කෙරේ. හැකි නම් නිවසේ සිට වැඩ කරන්න
Oil prices surge more than 5-pct EmptyMon Mar 23, 2020 7:18 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Oil prices surge more than 5-pct EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Oil prices surge more than 5-pct EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
Oil prices surge more than 5-pct EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes mini-budget till May 2020 under Presidential powers
Oil prices surge more than 5-pct EmptySat Mar 21, 2020 9:49 am by The Invisible

» හෝමාගම රෝහලත් කොරෝනා රෝගීන් සඳහා වෙන් කරයි
Oil prices surge more than 5-pct EmptySat Mar 21, 2020 9:43 am by nihal123

» People first, economy next, says top economist
Oil prices surge more than 5-pct EmptyFri Mar 20, 2020 9:59 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු හෙට යළි ඇරඹෙයි
Oil prices surge more than 5-pct EmptyFri Mar 20, 2020 8:34 am by malanp

» ඉන්දීය අගමැති මුළු රටටම ඇඳිරි නීතිය පනවයි
Oil prices surge more than 5-pct EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
Oil prices surge more than 5-pct EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

» නිවසේ සිට වැඩ කරන සතියක් : රජය සහ පුද්ගලික අංශය දෙකටම
Oil prices surge more than 5-pct EmptyThu Mar 19, 2020 2:31 pm by The Invisible

» Sri Lanka elections delayed over Coronavirus
Oil prices surge more than 5-pct EmptyThu Mar 19, 2020 2:27 pm by The Invisible

» Sri Lanka’s market closed over Coronavirus on March 19
Oil prices surge more than 5-pct EmptyThu Mar 19, 2020 9:31 am by The Invisible

» Sri Lanka stock market closed Tuesday in Coronavirus holiday
Oil prices surge more than 5-pct EmptyThu Mar 19, 2020 9:23 am by The Invisible

» Sri Lanka President orders 6-month debt moratorium, 4-pct working capital
Oil prices surge more than 5-pct EmptyWed Mar 18, 2020 3:17 pm by slstock

April 2020
SunMonTueWedThuFriSat
   1234
567891011
12131415161718
19202122232425
2627282930  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Oil prices surge more than 5-pct

Go down

Oil prices surge more than 5-pct Empty Oil prices surge more than 5-pct

Post by The Invisible on Mon Dec 03, 2018 11:13 am



AFP - Oil prices soared more than five percent on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed to halt raising tariffs on Chinese imports, stalling a trade row that many feared could hit demand for the commodity.

Russian President Vladimir Putin said Saturday he and Crown Prince Mohammed bin Salman "have agreed to extend our agreement" to limit production as prices slump on global markets.

An existing deal committing OPEC and non-members to cuts expires this year.

While there was no announcement on how much would be cut and for how long, the pact between the world's two biggest crude exporters was cheered by oil traders, with Brent jumping $2.82 to $53.75 and West Texas Intermediate up $2.98 at $62.44 on Monday.

"While we still need to know by how much OPEC will curb its production, Putin's comment does clear a barrier for OPEC in stabilizing prices as Russia has been ambiguous about its stance," Ahn Yea Ha, a commodities analyst at Kiwoom Securities told Bloomberg News.

Both main contracts have plunged by about a third since hitting four-year highs at the start of October, hit by a number of factors including easing demand, high production, softer-than-expected US sanctions on Iran and a global growth slowdown.

Another major reason for the sell-off has been the ongoing trade row between China and the US, which has seen the world's top economies swap tariffs on imports worth hundreds of billions of dollars fuelling fears about the impact globally.

However, Donald Trump and Xi Jinping on Saturday announced a deal that will see the US hold off raising levies on Chinese goods on January 1 and China promise to buy more from the US, while entering a 90-day period of talks to bring an end to the dispute.

Traders are now looking ahead to a weekend meeting of OPEC and key non-OPEC members in Vienna, where they will make an announcement on their cuts plans.

Most analysts expect a cut of around one million barrels per day, but some say this may not be enough to arrest the decline in prices.

"It's a huge week not only for oil markets but capital markets in general," said Stephen Innes, head of Asia-Pacific trade at OANDA.

"Post-G20 sentiment is a bit more positive than expected but still very much work in progress, so perhaps the most crucial event in December next to (Britain's) Brexit vote could very well be the OPEC summit."
The Invisible
The Invisible

Posts : 1746
Join date : 2016-11-28
Age : 40

Back to top Go down

Oil prices surge more than 5-pct Empty Re: Oil prices surge more than 5-pct

Post by Ethical Trader on Mon Dec 03, 2018 1:53 pm

Thanks.

All the countries in the world adjust local selling prices up or down as per world trends but in Sri Lanka they are in the reverse gear.

Sri Lanka will end up a bankrupt country soon.
Ethical Trader
Ethical Trader
Top contributor
Top contributor

Posts : 5567
Join date : 2014-02-28

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum