HomeThey 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.
Hope, we (developing nations) are smart enough to use the advantage for our gains.
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කිත්සිරි ද සිල්වා
Ethical Trader
21 posters
Oil, Gold & Silver Prices
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 5:59 PM EST 1/15/2016
------------- LAST
Crude Oil---------29.70 $
Brent Crude------29.11 $
Gold------------1088.6 $
http://markets.wsj.com
------------- LAST
Crude Oil---------29.70 $
Brent Crude------29.11 $
Gold------------1088.6 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 7:40 PM EST 1/17/2016
------------- LAST
Crude Oil---------28.79 $
Brent Crude------28.25 $
Gold------------1090.4 $
http://markets.wsj.com
------------- LAST
Crude Oil---------28.79 $
Brent Crude------28.25 $
Gold------------1090.4 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 9:43 PM EST 1/19/2016
------------- LAST
Crude Oil---------28.00 $
Brent Crude------28.60 $
Gold------------1091.1 $
http://markets.wsj.com
------------- LAST
Crude Oil---------28.00 $
Brent Crude------28.60 $
Gold------------1091.1 $
http://markets.wsj.com
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
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
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
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
Hybrid- Posts : 745
Join date : 2015-02-03
Location : Colombo
Solar Energy will be more expensive than Thermal Power. What a reality show!
Monster- Posts : 118
Join date : 2014-02-23
Oil price falls below 28 dollars today.
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 4:08 AM EST 1/20/2016
------------- LAST
Crude Oil---------27.39 $
Brent Crude------27.94 $
Gold------------1095.9 $
http://markets.wsj.com
------------- LAST
Crude Oil---------27.39 $
Brent Crude------27.94 $
Gold------------1095.9 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 11:20 AM EST 1/20/2016
------------- LAST
Crude Oil---------26.93 $
Brent Crude------27.65 $
Gold------------1102.5 $
http://markets.wsj.com
------------- LAST
Crude Oil---------26.93 $
Brent Crude------27.65 $
Gold------------1102.5 $
http://markets.wsj.com
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
How to Profit From the Oil Crash 
Read more
Read more
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 8:28 AM EST 1/22/2016
------------- LAST
Crude Oil---------31.10 $
Brent Crude------31.54 $
Gold------------1096.7 $
http://markets.wsj.com
------------- LAST
Crude Oil---------31.10 $
Brent Crude------31.54 $
Gold------------1096.7 $
http://markets.wsj.com
balapas- Top contributor
- Posts : 762
Join date : 2014-02-23
Age : 44
කිත්සිරි ද සිල්වා wrote: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.
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
balapas wrote:කිත්සිරි ද සිල්වා wrote: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 සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
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).
(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).
Future123 wrote:balapas wrote:කිත්සිරි ද සිල්වා wrote: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.
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 5:31 PM EST 1/22/2016
------------ LAST
Crude Oil---------32.25 $
Brent Crude------32.77 $
Gold------------1098.2 $
http://markets.wsj.com
------------ LAST
Crude Oil---------32.25 $
Brent Crude------32.77 $
Gold------------1098.2 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 10:18 AM EST 1/25/2016
------------ LAST
Crude Oil---------31.50 $
Brent Crude------32.49 $
Gold------------1107.0 $
http://markets.wsj.com
------------ LAST
Crude Oil---------31.50 $
Brent Crude------32.49 $
Gold------------1107.0 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 12:14 PM EST 1/25/2016
----------- LAST
Crude Oil---------30.55 $
Brent Crude------31.54 $
Gold------------1107.3 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 10:42 AM EST 1/26/2016
----------- LAST
Crude Oil---------31.31 $
Brent Crude------32.45 $
Gold------------1116.7 $
http://markets.wsj.com
----------- LAST
Crude Oil---------31.31 $
Brent Crude------32.45 $
Gold------------1116.7 $
http://markets.wsj.com
chutiputha- Top contributor
- Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL
Thank U Nihal Ayya ,But We are unable to buy Gold Items as we thought with better price..
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 11:49 AM EST 1/27/2016
----------- LAST
Crude Oil---------32.48 $
Brent Crude------33.90 $
Gold------------1117.5 $
http://markets.wsj.com
----------- LAST
Crude Oil---------32.48 $
Brent Crude------33.90 $
Gold------------1117.5 $
http://markets.wsj.com
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 3:22 AM EST 1/28/2016
----------- LAST
Crude Oil---------32.32 $
Brent Crude------34.04 $
Gold------------1118.3 $
http://markets.wsj.com
----------- LAST
Crude Oil---------32.32 $
Brent Crude------34.04 $
Gold------------1118.3 $
http://markets.wsj.com
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Thanks Nihal.
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Futures 12:00 PM EST 1/28/2016
----------- LAST
Crude Oil---------33.14 $
Brent Crude------34.82 $
Gold------------1115.9 $
http://markets.wsj.com
----------- LAST
Crude Oil---------33.14 $
Brent Crude------34.82 $
Gold------------1115.9 $
http://markets.wsj.com
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
- Post n°124
Oil up 3 percent on possible production cuts to remedy glut
by කිත්සිරි ද සිල්වා Fri Jan 29, 2016 12:20 am
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
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
U.S. crude
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
Source
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
Market lover- Top contributor
- Posts : 595
Join date : 2014-10-15
Tks for the updates Nihal 
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