As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 12 November 2014

OPEC feeling pain as oil slides to new 4-year low

2 comments:

  1. NEW YORK: Crude oil prices fell on Wednesday (Nov 12) as traders calculated that OPEC would not reduce production to counter a global oil supply glut at this month's meeting.

    US benchmark West Texas Intermediate for December delivery closed at US$77.18 a barrel, a three-year low, after shedding 76 cents from Tuesday's closing level. Brent crude for delivery in December dived US$1.29 to settle barely above the psychological level of US$80, at US$80.38 a barrel in London.

    "For the last three months we go from multiyear lows to multiyear lows. Things will get difficult until we get to the OPEC meeting" on Nov 27, said Gene McGillian of Tradition Energy. "We don't really have a clear indication that they want to do anything about the excess supply that is overhanging the market."

    The 12-nation Organisation of the Petroleum Exporting Countries, in its monthly oil market report on Wednesday, said that its crude price basket fell 11.3 per cent from September to an average US$85.06 barrel in October, a four-year low, "on concerns about the pace of global economic growth."

    ReplyDelete

Related Posts with Thumbnails