(Oil price) Conflict trading ahead of OPEC meeting at the end of the month

(Oil price) Conflict trading ahead of OPEC meeting at the end of the month


SINGAPORE, Nov. 20

Traders are reluctant to take a new position ahead of the Organization of Petroleum Exporting Countries (OPEC) talks at the end of the month.

As of 10:03 am, the Brent futures LCOc1 and US crude oil futures CLc1 are trading at $ 62.60 a barrel, down 0.32 percent, and $ 56.60 a barrel, up 0.1 percent.

Traders say, "We are reluctant to take large new positions due to market uncertainty."

Comments

Post a Comment

Popular posts from this blog

Zimbabwe's Mugabe, ignoring deadline to retire ... The ruling party "discussing impeachment"

Image
Zimbabwe's Mugabe, ignoring deadline to retire ... The ruling party "discussing impeachment" "Mugabe, conditional resignation agreement" There is no official announcement yet Nigerian leaders begin "impeachment proceedings" now ... Ruling party's day (Cairo, 2007) - Robert Mugabe, the 37-year-old ruler of Zimbabwe, faced an impeachment crisis without publicly declaring his position in the ultimatum. Mugabe has not publicly announced his intention to resign at noon, according to Zimbabwean media, the BBC and the AFP. Zimbabwe's Zimbabwean African National Alliance Patriotic Front (ZANU-PF) has virtually ignored an ultimatum that it would push for impeachment if it does not retire by noon. US President George W. Bush has said he has agreed to resign, but no official announcement of his resignation has been made. As a result, the ruling party-led impeachment process is expected to start counting down. After the end of the deadli...
Read more

Trump "Unemployment rate down 4% in term ... Next year's economic boom"

Image
Trump "Unemployment rate down 4% in term ... Next year's economic boom" US President Donald Trump said he would lower his unemployment rate to less than 4 percent in his term. Trump said in his Twitter account that "the unemployment rate will fall below 4 percent under President Trump." "Analysts are expecting an economic boom in 2018," he added. The media has interpreted it in connection with a situation in which his strong tax bill passes the House of Representatives last week and is about to vote in the Senate. The Trump government expects the Gross Domestic Product (GDP) of the United States to grow by 3-5% over the long term if tax cuts that lower the corporate income tax rate from the current 35% to 20% are implemented.
Read more

Ast main investor is individual investor

Ast main investor is individual investor Compared to the index of the sector, At 18:50 pm on the 18th, Ast has dropped by 3.46% from the previous day to 18,150 won, down 7.4% over the past month. During the same period, the standard deviation, which is a risk indicator of stock movement, was 2.2%. In contrast to major stocks in the transportation equipment and parts businesses, the company's volatility remained relatively moderate even though Ast's monthly stock price fluctuated. In the past month, the Asterisk's risk-averaged return was -3.3, with the stock falling, but the risk-to-risk ratio remained moderate in major stocks. Nevertheless, the performance relative to the sector is positive, as it is higher than the risk-return ratio of -9.0 for transportation equipment and parts. Next, when comparing the sectors and markets, the transportation equipment and component sectors to which Ast is a member have lower volatility and profitability than the KOSDAQ ind...
Read more