SPC
Why sudden drop of 15 cts
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crude oil price now only USD 59.. of course people try to avoid oil related stock until it revives its glory again..
i still think it will cheong to USD 100 next year, just a matter of time..
if want to steal the bargain, get it <$2... the dividend will be still good for next year.
cud it b bcos of shortists with cfd???
Btw, it is now recovering, could it be any force-selling?
AK_Francis ( Date: 12-Nov-2008 14:41) Posted:
Could be due to IEA, going to announce the ajusted forecast on CO consumption for yr 2009, coming Thu.
If not AK dun see other reason that SPC drops drastically,
except CO Dec future dropped 3 USD last nite.
richtan ( Date: 12-Nov-2008 14:30) Posted:
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Kindly explain how does this cause SPC to sudden drop 15 cts.
Thks |
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Could be due to IEA, going to announce the ajusted forecast on CO consumption for yr 2009, coming Thu.
If not AK dun see other reason that SPC drops drastically,
except CO Dec future dropped 3 USD last nite.
richtan ( Date: 12-Nov-2008 14:30) Posted:
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PRICE |
CHANGE |
%CHANGE |
TIME |
 BRENT CRUDE FUTR (USD/bbl.) |
55.800 |
0.090 |
0.16 |
00:59 |
| GAS OIL FUT (ICE) (USD/MT) |
607.000 |
-22.250 |
-3.54 |
11/11 |
 GASOLINE RBOB FUT (USd/gal.) |
131.310 |
0.720 |
0.55 |
00:28 |
| HEATING OIL FUTR (USd/gal.) |
193.000 |
0.100 |
0.05 |
21:46 |
| NATURAL GAS FUTR (USD/MMBtu) |
6.695 |
-0.010 |
-0.15 |
00:02 |
| WTI CRUDE FUTURE (USD/bbl.) |
59.270 |
-0.060 |
-0.10 |
00:38 |
Does anyone knows why.
Plse enlighten.
Thks
