04-18-2016, 10:23 AM
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#2321
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Franchise Player
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yeah, that is not what I expected. Pretty much flat across the board.
I'll take it though, much better news than I was expecting.
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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04-18-2016, 10:24 AM
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#2322
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Fundamentals ruling the day it seems. No one believed anything major would have resulted from everyone capping at peak output. Once the refineries start ramping up in the coming weeks I think the prices will continue to climb.
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04-18-2016, 02:02 PM
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#2323
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#1 Goaltender
Join Date: Jan 2009
Location: Calgary
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What a weird day for oil prices.
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04-18-2016, 02:08 PM
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#2324
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Franchise Player
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It seems like the Kuwait workers strike played a part in offsetting the drop due to the failure at the Doha talks
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04-18-2016, 02:11 PM
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#2325
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Powerplay Quarterback
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Not weird at all. It's exactly as expected. The market priced in a soft deal (aka: no impact - freezing at record output does nothing) - so the resultants 'no deal' has the same physical market supply/demand implications as the soft freeze would have - so no real move was expected either way. The negative initial reaction is more the inferences it puts on future Saudi moves. But the no deal vs. soft freeze has the same market impact, which is why oil is generally unchanged on the day vs. Friday's close.
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The Following 3 Users Say Thank You to BigNumbers For This Useful Post:
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04-18-2016, 03:42 PM
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#2326
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Lifetime Suspension
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Quote:
Originally Posted by BigNumbers
Not weird at all. It's exactly as expected. The market priced in a soft deal (aka: no impact - freezing at record output does nothing) - so the resultants 'no deal' has the same physical market supply/demand implications as the soft freeze would have - so no real move was expected either way. The negative initial reaction is more the inferences it puts on future Saudi moves. But the no deal vs. soft freeze has the same market impact, which is why oil is generally unchanged on the day vs. Friday's close.
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Except oil went up last week because of speculation of a positive result from the impending meeting, since it wasn't anything positive I think it'll dump in the next few days.
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04-18-2016, 04:26 PM
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#2327
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My face is a bum!
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Quote:
Originally Posted by T@T
Except oil went up last week because of speculation of a positive result from the impending meeting, since it wasn't anything positive I think it'll dump in the next few days.
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I would assume the news of no agreement was already priced in, and any agreement would have been a surprise to the market and represented a large lift in prices today.
I think cracks showing in supply is what is dragging prices up.
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04-18-2016, 04:56 PM
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#2328
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Franchise Player
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Quote:
Originally Posted by T@T
Except oil went up last week because of speculation of a positive result from the impending meeting, since it wasn't anything positive I think it'll dump in the next few days.
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The high in the etf's on wednesday last week wasn't as high as the mid march high which meant pessimism to me on Friday. I would expect some lessening of volatility now as it figures out which way to go. But just a guess.
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04-22-2016, 09:06 AM
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#2329
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Could Care Less
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Quote:
Originally Posted by T@T
Except oil went up last week because of speculation of a positive result from the impending meeting, since it wasn't anything positive I think it'll dump in the next few days.
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WTI close to $45 today.
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04-22-2016, 09:08 AM
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#2330
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Franchise Player
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The NDP are saved! Abandon the bread lines comrades! Triple meat sandwiches for everyone!
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04-22-2016, 09:09 AM
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#2331
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Scoring Winger
Join Date: Jul 2014
Location: Calgary
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Quote:
Originally Posted by heep223
WTI close to $45 today.
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Never thought I'd be excited to see oil at $45.....
__________________
Purveyor of fine Sarcasm
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04-22-2016, 09:11 AM
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#2332
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Franchise Player
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too scared to say anything 
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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04-22-2016, 09:16 AM
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#2333
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Franchise Player
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Gas jumps to $ 1.10 / L
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04-22-2016, 09:17 AM
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#2334
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Franchise Player
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Quote:
Originally Posted by Nufy
Gas jumps to $ 1.10 / L
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Really? Shell by my house was 88 ish last night around midnight.
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04-22-2016, 09:21 AM
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#2335
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Franchise Player
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Sarcastic prediction...
__________________
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04-22-2016, 09:23 AM
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#2337
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In the Sin Bin
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It's back down to 43. Stop talking about it you jinxer
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04-22-2016, 09:40 AM
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#2338
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Could Care Less
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No it is not. 44 on the dot.
And yeah it's funny that everyone's all excited at $45 these days. Hey at least we have a business around these levels.
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04-22-2016, 03:54 PM
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#2339
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Lifetime Suspension
Join Date: Sep 2005
Location: The Void between Darkness and Light
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Quote:
Originally Posted by Tacopuck
Never thought I'd be excited to see oil at $45.....
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You move to Calgary in the last 10 years?
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04-22-2016, 03:57 PM
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#2340
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Scoring Winger
Join Date: Jul 2014
Location: Calgary
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Quote:
Originally Posted by Flash Walken
You move to Calgary in the last 10 years?
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No I've been here all my life. The comment was meant to be more sarcastic, should have used green text
__________________
Purveyor of fine Sarcasm
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