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Oil prices

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billywows
    23-Jul-2006 12:08  
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http://www.wtrg.com/prices.htm

Damn long article, but useful for those into oil related stocks ....
 
 
kiwi77sg
    20-Jul-2006 07:59  
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Hmmm... Yes, the oil is $73 but will this last long ? As war is still going ? Should I start my investment ?

Cheers
 
 
tanglinboy
    20-Jul-2006 06:54  
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Oil tumbles back near $72
Crude sinks after surprise rise in inventories, bringing three-day slide to 7 percent.



NEW YORK (CNNMoney.com) -- Oil prices slid for the third straight day Wednesday after the government said gasoline and crude supplies posted a surprisingly big jump last week.

U.S. light crude for August delivery fell 88 cents to settle at $72.66 a barrel on the New York Mercantile Exchange. Crude was down 24 cents at $73.30 just prior to the report
 

 
teeth53
    18-Jul-2006 08:52  
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and the price of oil is oso coming alittle bit down.
 
 
Nostradamus
    17-Jul-2006 20:57  
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Hi tanglinboy. This is a bear market. During this period at least 75% of the stocks will fall, oil stocks included. However, if oil prices continue to rise to say around US$80, oil stocks will follow.
 
 
Livermore
    17-Jul-2006 18:30  
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Crude oil price may have shot up but gasoline price has also gone up!

Business times 17 July 06- "We are moving towards that perfect storm, especially with this latest rise in energy," Mr  Naroff, president and chief economist of Naroff Economic Advisers in Washington."I don't think it's yet a recipe for recession, though I will say US$100 a barrel, US$4 a gallon of gasoline - there's only so much you can cut."

When sentiments improve, oil related stocks should "fly"
 

 
teeth53
    17-Jul-2006 18:23  
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Seem oil play did come in leh..big boys oso scare scare of more war.
 
 
tanglinboy
    17-Jul-2006 11:04  
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hi Nostradamus, that seems counter-intuitive.

The high oil prices would mean high profits to these counters. Why would they fall with the rest of the market? They should be in reverse.

Care to enlighten me?
 
 
Nostradamus
    17-Jul-2006 09:53  
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Oil stocks that surged during the last rebound will continue falling. They will follow the 75% of the stocks that fall during a bear market. But, I think they could rebound when oil prices approach US$80 a barrel.
 
 
rogue_trader
    17-Jul-2006 02:13  
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Just a personal opinion. I think that all the oil-related counters had already factored in the high oil-prices and which is why there are quite a few oil counters dived down for the past few days. This is one of the many situations where big boys can finally offload their holdings, and with those contra players who can't afford to hold, will further dampen the prices for oil related counters which will made it "attractive" for big boys to "push" up again. But when will be the "low"? So I would suggest those with holding power to smell a bargain price to strike and hold for their "targetted" oil-related counters. I offloaded all my holdings in Sky Petrol at around $0.475 (average) and targetting this counter again. I looking forward to this counter to fall below $0.35 if possible.
 

 
billywows
    16-Jul-2006 22:12  
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Wow! Just heard on Market watch that oil price will hit USD 100.00!!! Those holding oil-related stocks - Shiok!

http://www.marketwatch.com/

(Under 'Oil seen at $100')
 
 
teeth53
    14-Jul-2006 14:41  
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Yup, oil play lai liao, but oil px shot up to US$78.40. US$87.65 as X'Mas gift for all. Buy Buy and Buy into none oil play  like ethanol companies, I started with my 1st. CEnersave, a waste to enegry company, next China Ess... & so on...
 
 
Livermore
    13-Jul-2006 22:41  
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Watch SPC
 
 
solomonster
    13-Jul-2006 22:35  
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It seems none of oil related stock has uptrend indicator.

Which stock will have good potential tomorrow?

 
 
lynnfpl
    13-Jul-2006 21:30  
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Thank you Singaporegal.  Was hoping that the high oil price could push the price up.  Looks like I have to cut loss now.
 

 
singaporegal
    13-Jul-2006 20:57  
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From TA indicators, I can see that China Petro just went through a trend reversal. Its downtrending now.
 
 
lynnfpl
    13-Jul-2006 18:43  
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I bought ChinaPetro at 0.75 some days ago and thot price should go up because of high oil price , but it has dropped to 0.71.  Need advice is this a good counter to hold ?
Thank you
 
 
tanglinboy
    13-Jul-2006 17:03  
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I think oil prices are going to shoot sky high with the current tension in the middle east.

Israel strikes Beirut airport, blocks ports



Thursday, July 13, 2006; Posted: 4:53 a.m. EDT (08:53 GMT)


story.beirut.runwaycraterap.jpg
A crater is visible in one of the Beirut International Airport runways after Thursday's attack.
BEIRUT (CNN) -- Israeli aircraft bombed Beirut International Airport on Thursday before blocking naval traffic in Lebanese waters as Israel expanded its military campaign against Hezbollah guerrillas who kidnapped two Israeli soldiers.


Israel Defense Forces said the aim of the naval blockade, announced at midday, was to "block the transfer of terrorists and weaponry."

Earlier, Israeli fighter jets bombed all three runways at Beirut's main airport -- located in the city's southern suburbs -- rendering them unusable, according to the IDF and a Lebanese aviation official. As a result, the airport was closed and flights were diverted to nearby Cyprus, the official said.

IDF said it targeted the airport because it serves as a central hub for the transfer for weapons and supplies to Hezbollah. (Watch first reports on runway bombings -- 6:00)

Israeli Security Cabinet Minister Isaac Herzog said: "We are taking strong measures so that it will be clear to the Lebanese people and government ... that we mean business."

Lebanese Interior Minister Ahmed Fatfat called the airport strikes a "general act of war," saying they had nothing to do with Hezbollah, but were instead an attack against the country's "economic interests," especially its tourism industry.

The airport, which is located in Beirut's southern suburbs, was renamed Rafic Hariri International Airport last year after the former prime minister who was assassinated in the Lebanese capital.

Another airstrike, on al-Manar television station, was carried out because the station is used by Hezbollah to incite and recruit activists, according to IDF.

Despite the strike, al-Manar continued to broadcast, a Lebanese security source said.

'Severe and harsh response'



The Israeli airstrikes came hours after Israel's Cabinet authorized a "severe and harsh" response to the abduction of the two soldiers.

Israeli Prime Minister Ehud Olmert said the attack and abductions were an "act of war" and blamed the Lebanese government, which he said would be held responsible for the soldiers' safe release.

Israeli artillery and airstrikes have been pounding Hezbollah targets in southern Lebanon after a cross-border raid Wednesday took the two captives. In all, eight Israeli soldiers were killed -- three in the initial raid and five others in the fighting that immediately followed, according to the IDF.

The cross-border fighting continued Thursday, with numerous Katyusha rocket strikes in the northern Israeli town of Nahariya, according to CNN's John Vause. He said buildings near the hotel he was staying in have been damaged.

Thursday's casualties throughout northern Israel totaled 29, including one woman killed and 15 injured in the Nahariya rocket attack, according to the IDF.

The Lebanese security source said 26 to 27 people had been killed in Lebanon since the fighting began, including a number of civilians.

The Israeli military said one of its airstrikes on Thursday hit a Hezbollah operational command center in southern Lebanon.

IDF said its strikes have been targeting locations within or adjacent to heavily populated areas that Hezbollah uses for storing rockets and weapons. An IDF spokesman said Hezbollah is responsible for placing the storage sites in areas that would put civilians at risk.

Hezbollah, an Islamic militia backed by Syria and Iran, demanded "direct negotiations" for a prisoner exchange to resolve the crisis. Israel has rejected that call, arguing it would lead to more attacks.

"We expect them to be returned to us alive and safely, immediately without any precondition -- no negotiation," Israeli government spokesman Gideon Meir told CNN.

The identities of the kidnapped soldiers had not been released as of Thursday morning.

Hezbollah is designated a terrorist organization by the United States and Israel, but the Islamic militia is a significant player in Lebanon's fractious politics. Its leader, Hassan Nasrallah, told reporters that abducting the soldiers was "our natural, only and logical right" to win freedom for Hezbollah prisoners held by Israel.

Nasrallah said the two soldiers had been taken to a place "far, far away" and that an Israeli military campaign would not win their release.

The new fighting on Israel's northern border comes amid a two-week-old Israeli campaign in Gaza in search of Israeli army Cpl. Gilad Shalit, a soldier kidnapped by Palestinian militants there (
Watch how kidnapping has brought region to brink of war -- 3:15).
 
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