SS 99.01
30C stop
30C stop
CL Redux
- Thread starter schizo
- Start date
Out here at 98.21 for +80
Quote from EON Kid:
how about increasing that 10 posts per year average?
haha!
No more trade calls from me today. I've completely pushed my luck already, with that extremely rare large(ish) winning trade posted earlier.
Trading the ES now aswell which so far hasn't been too bad.
I find currencies the hardest though which is annoying as that's what i ideally wish to trade. I want to be able to trade cable (6b) but tend to lose every trade. 5 losers in a row on 6b for me today!
http://www.marketwatch.com/story/oi...-a-barrel-2011-06-07?link=MW_home_latest_news
Usually the oil ministers from OPEC member countries start telegraphing their intentions about two weeks before the big day, Summit Energyâs Smith said. That points to an OPEC likely divided, with Iran and Venezuela the price hawks that would like to see production unchanged, he added.
Analysts at Barclays Capital said market fundamentals warrant higher underlying production and not just a simple recalibration of existing quotas, adding that OPEC should recalibrate quotas âcloser to actual output levels and provide a clear signal of more actual output to come.â
âHowever, most OPEC members remain in a cautious price-defensive mode, and are likely to be attracted by the more headline-friendly quota adjustment rather than by the explicit signaling of a change in actual output,â they said.
Reuters reported Tuesday that Kuwaitâs oil minister expects the cartel to increase output as demand from Asia points to the need for more supply. Read more about the output report.
Prices would likely fall fast if OPEC âembraces a possible Saudi proposal to put through additional barrels over and above the 1.4 million excess that already exists over the official quota,â analysts at MF Global said in a note to clients Tuesday.
âWe will have to wait and see what happens, but there are reports that the Saudis have increased production going into the meeting and thus may be flexing their muscles in advance of a decision,â they added.
Usually the oil ministers from OPEC member countries start telegraphing their intentions about two weeks before the big day, Summit Energyâs Smith said. That points to an OPEC likely divided, with Iran and Venezuela the price hawks that would like to see production unchanged, he added.
Analysts at Barclays Capital said market fundamentals warrant higher underlying production and not just a simple recalibration of existing quotas, adding that OPEC should recalibrate quotas âcloser to actual output levels and provide a clear signal of more actual output to come.â
âHowever, most OPEC members remain in a cautious price-defensive mode, and are likely to be attracted by the more headline-friendly quota adjustment rather than by the explicit signaling of a change in actual output,â they said.
Reuters reported Tuesday that Kuwaitâs oil minister expects the cartel to increase output as demand from Asia points to the need for more supply. Read more about the output report.
Prices would likely fall fast if OPEC âembraces a possible Saudi proposal to put through additional barrels over and above the 1.4 million excess that already exists over the official quota,â analysts at MF Global said in a note to clients Tuesday.
âWe will have to wait and see what happens, but there are reports that the Saudis have increased production going into the meeting and thus may be flexing their muscles in advance of a decision,â they added.
Libya
http://www.telegraph.co.uk/news/wor...not-surrender-as-Nato-bombs-his-compound.html
The attacks may be aimed at encouraging more defections. Five generals and the oil minister, Shukri Ghanem, fled Libya last week alone, to be joined today by the labour minister, Al-Amin Manfur.
British ministers believe the end of the conflict will come when his inner circle turns against him. Mr Hague told the House of Commons today that the regime was "isolated and on the defensive".
The other hope is that the rebel army, currently fighting Gaddafi forces on three fronts, may be able to stage a breakthrough.
They have been unable to move beyond the oil town of Brega in the east for several weeks, but have expanded their zone of control around the central town of Misurata and last week relieved a loyalist siege of the town of Yafran, 85 miles to the south-west of Tripoli.
Rebels in Misurata told The Daily Telegraph that they had smuggled up to 200 men out of the next town on their "war path" to the capital, Zlitan, along back roads through the desert to a training camp from where they will spearhead an attack in the coming days.
http://www.telegraph.co.uk/news/wor...not-surrender-as-Nato-bombs-his-compound.html
The attacks may be aimed at encouraging more defections. Five generals and the oil minister, Shukri Ghanem, fled Libya last week alone, to be joined today by the labour minister, Al-Amin Manfur.
British ministers believe the end of the conflict will come when his inner circle turns against him. Mr Hague told the House of Commons today that the regime was "isolated and on the defensive".
The other hope is that the rebel army, currently fighting Gaddafi forces on three fronts, may be able to stage a breakthrough.
They have been unable to move beyond the oil town of Brega in the east for several weeks, but have expanded their zone of control around the central town of Misurata and last week relieved a loyalist siege of the town of Yafran, 85 miles to the south-west of Tripoli.
Rebels in Misurata told The Daily Telegraph that they had smuggled up to 200 men out of the next town on their "war path" to the capital, Zlitan, along back roads through the desert to a training camp from where they will spearhead an attack in the coming days.