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Oil, Gold & Silver Prices

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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Fri Jan 29, 2016 2:55 am

Futures 4:15 PM EST 1/28/2016

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

Crude Oil---------33.71 $

Brent Crude------35.29 $

Gold------------1114.4 $


http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Oil falls on China data, fading prospect of OPEC action

Post by කිත්සිරි ද සිල්වා on Mon Feb 01, 2016 5:31 pm

Oil fell on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline.

China's manufacturing sector contracted at the fastest pace since 2012 in January, adding to worries about demand from the world's second-biggest economy at a time when the market is already weighed down by a large supply overhang.

"The weak China PMI (purchasing managers' index) is driving down prices because China weighs on the entire commodities sector from the demand side of the equation," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.

Brent April crude futures were down 35 cents at $35.64 a barrel at 1023 GMT.

The March Brent contract, which expired on Friday, settled at $34.74 a barrel.

U.S. West Texas Intermediate (WTI) was down 57 cents at $33.05 a barrel.


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Oil, Gold & Silver Prices - Page 6 Empty Four Theories on How Oil Has Hypnotized the Global Stock Market

Post by කිත්සිරි ද සිල්වා on Mon Feb 01, 2016 8:16 pm

Even casual observers know oil is exerting uncommon influence on stocks.

What’s less clear is how the energy market has come to dominate sentiment in industries with seemingly no connection to crude prices.

Understanding why oil is casting such a spell is more than an academic inquiry. The reason matters, given how big the moves have been.

Almost $1.6 trillion has been erased from U.S. stocks in 2016. If oil is contributing, it’d be nice to know why.


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Mon Feb 01, 2016 9:36 pm

Futures 10:55 AM EST 2/1/2016

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

Crude Oil---------31.91 $

Brent Crude------34.58 $

Gold------------1127.0 $


http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Tue Feb 02, 2016 7:35 pm

Futures 8:54 AM EST 2/2/2016

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

Crude Oil---------30.18 $

Brent Crude------32.56 $

Gold------------1127.3 $


http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by chutiputha on Tue Feb 02, 2016 9:47 pm

Thank U Nihal Ayya
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Oil, Gold & Silver Prices - Page 6 Empty Oil Prices Could Jump 50% by the End of 2016

Post by කිත්සිරි ද සිල්වා on Wed Feb 03, 2016 8:20 pm

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

Analysts are projecting prices will climb more than $15 by the end of 2016. New York crude will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, the median of 17 estimates compiled by Bloomberg this year show.

A global surplus that fueled oil’s decline to a 12-year low will shift to deficit as U.S. shale output falls, according to Goldman Sachs Group Inc.


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Wed Feb 03, 2016 9:27 pm

Futures 10:44 AM EST 2/3/2016

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

Crude Oil---------29.86 $

Brent Crude------33.45 $

Gold------------1137.0 $

OR gold Smile

http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Wed Feb 03, 2016 9:59 pm

Futures 11:16 AM EST 2/3/2016

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

Crude Oil---------31.03 $

Brent Crude------34.26 $

Gold------------1140.0 $

OR gold Smile

http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Six OPEC states ready for emergency meeting with non-OPEC members

Post by කිත්සිරි ද සිල්වා on Thu Feb 04, 2016 7:59 pm

According to Venezuela’s Oil Minister Eulogio del Pino, such OPEC member-states as Iraq, Algeria, Nigeria, Ecuador, Iran and Venezuela as well as non-OPEC members Oman and Russia have given consent.

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Oil, Gold & Silver Prices - Page 6 Empty Shell Profit Drops 44%

Post by කිත්සිරි ද සිල්වා on Thu Feb 04, 2016 8:06 pm

Royal Dutch Shell Plc, which is on the brink of completing the oil industry’s largest deal in a decade, reported fourth-quarter profit that matched analyst estimates. The shares rose the most in almost seven years amid a rebound in global stocks and a selloff in the dollar.

Profit adjusted for one-time items and inventory changes shrank 44 percent to $1.8 billion, near the midpoint of the preliminary $1.6 billion-to-$1.9 billion range it gave last month, Shell said Thursday.


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Thu Feb 04, 2016 8:26 pm

Futures 9:42 AM EST 2/4/2016

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

Crude Oil---------33.41 $

Brent Crude------35.51 $

Gold------------1153.9 $

OR gold

http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty How Much Oil Output Halted Due to Low Prices? Just 0.1%

Post by කිත්සිරි ද සිල්වා on Sat Feb 06, 2016 1:03 am

After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable, according to a report from consultants Wood Mackenzie Ltd. that highlights the industry’s resilience.

The analysis, published ahead of an annual oil-industry gathering in London next week, suggests that oil prices will need to drop even more -- or stay low for a lot longer -- to meaningfully reduce global production.


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Sat Feb 06, 2016 4:34 am

Futures 5:53 PM EST 2/5/2016

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

Crude Oil---------31.00 $

Brent Crude------34.09 $

Gold------------1174.1 $

OR gold

http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Non OPEC Oil Production To Collapse In 2016

Post by කිත්සිරි ද සිල්වා on Sat Feb 06, 2016 6:26 pm

Non-OPEC oil supplies are sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in biofuel production, largely due to the Brazilian sugar cane harvest, of nearly 0.4 mb/d was the largest contributor to December’s drop. Production in Vietnam, Kazakhstan, Azerbaijan and the U.S. was also seen easing from both November’s level and compared with a year earlier. Persistently low production in Mexico and Yemen were other contributors to the year-on-year decline.

As such, total non-OPEC liquids output slipped below the year earlier level for the first time since September 2012. A production surge in December 2014 inflates the annual decline rate, but the drop is nevertheless significant should these estimates be confirmed by firm data. Already in November, growth in non-OPEC supply had slipped to 640 kb/d, from as much as 2.9 mb/d at the end of 2014, and 2.4 mb/d for 2014 as a whole. For 2015, supplies look likely to post an increase of 1.4 mb/d for the year, before contracting by nearly 0.6 mb/d in 2016. A prolonged period of oil at sub-$30/bbl puts additional volumes at risk of shut in as realised prices fall close to operating costs for some producers.


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Oil, Gold & Silver Prices - Page 6 Empty Despite Bold Predictions, T. Boone Pickens Sells All Oil Holdings

Post by කිත්සිරි ද සිල්වා on Sat Feb 06, 2016 6:28 pm

Just four days ago, on Monday afternoon, "legendary" oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicted that prices should double within 12 months.

Pickens then doubled-down on his wrong call from last year, telling CNBC's "Squawk Box" that oil prices will rise to at least $52 per barrel by the end of the year. That said, he was at least honest enough to admit that his virtually identical call from last year, when he thought prices would strongly rebound, was wrong.

Whether it's $50 or $70 by the end of 2016 will largely be determined by the global economy, he added, reiterating the same flawed thesis he used to justify his bullishness a year ago: "We're still building inventories, and we will for the next several months. And then we'll start to draw," Pickens said. "Once you start to draw, you're not going to start back building again. The draw will come here in the next few months. It'll become pretty clear."


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by slstock on Sat Feb 06, 2016 6:50 pm

Nihal and Kithsiri is making a great team here.
These updates are invaluable to the right people.

These are some numbers ... which look very good for ........ .................



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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Sun Feb 07, 2016 2:05 pm

slstock wrote:Nihal and Kithsiri is making a great team here.
These updates  are invaluable to the right people.

These are some numbers  ... which look very good for ........    .................



Thanks slstock

Very Happy
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Oil, Gold & Silver Prices - Page 6 Empty Goodbye, OPEC Oil Cartel

Post by කිත්සිරි ද සිල්වා on Sun Feb 07, 2016 5:43 pm

For many years, the price of oil has been propped up by the OPEC cartel. A revolution occurred, however, where fracking technology began to generate huge oil sources from new markets, mainly in the U.S. -- that is, from a player outside of the cartel and not one that was ever going to cooperate with the cartel. This is a generational, cartel-breaking event for an asset that has global significance and not just for the energy industry, but for all of us.

Much of what "game theory" tells us about cartels and oligopolies has been shown to be true as the fracking revolution broke the OPEC cartel. OPEC had a choice -- either lose market share and preserve price by cutting supply as other producers came online, or try to keep market share by maintaining supply, even as prices crashed, making the whole business less profitable. The Saudis and other OPEC members had the advantage in that the cost of extracting oil via fracking is higher than from Saudi oil wells, so OPEC figured if it allowed prices to fall far enough, it would put the frackers out of business.


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Mon Feb 08, 2016 6:51 am

Futures 8:10 PM EST 2/7/2016

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

Crude Oil---------30.94 $

Brent Crude------34.03 $

Gold------------1168.3 $
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Oil, Gold & Silver Prices - Page 6 Empty Crude oil slips as Saudi, Venezuela meeting yields little

Post by කිත්සිරි ද සිල්වා on Mon Feb 08, 2016 5:44 pm

Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices.

Global benchmark Brent futures (LCOc1) were down 8 cents at $34.98 at 4.32 a.m. ET. They fell 40 cents to $34.06 a barrel on Friday.

U.S. crude futures (CLc1) fell by 23 cents to $30.66, after falling 83 cents to $30.89 on Friday.

Both contracts firmed slightly earlier in the session on Monday in see-saw trade on low volumes as many Asian markets were on holiday for the Lunar New Year.


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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Mon Feb 08, 2016 6:55 pm

Futures 8:12 AM EST 2/08/2016

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

Crude Oil---------29.83 $

Brent Crude------33.19 $

Gold------------1182.4 $



http://markets.wsj.com
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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Mon Feb 08, 2016 9:01 pm

Futures 10:17 AM EST 2/8/2016

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

Crude Oil---------29.90 $

Brent Crude------33.28 $

Gold------------1198.7 $



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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by nihal123 on Tue Feb 09, 2016 11:50 am

Futures 1:09 AM EST 2/9/2016

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

Crude Oil---------29.97 $

Brent Crude------32.88 $

Gold------------1191.9 $



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Oil, Gold & Silver Prices - Page 6 Empty Re: Oil, Gold & Silver Prices

Post by balapas on Tue Feb 09, 2016 12:00 pm

Gold 7 month high due to share market concerns.

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