Wt Wti Crude O Discussion Threads

[win2003] 23/12/2008 11:42

Set this up and then discovered:




Thread closed

[win2003] 23/12/2008 11:34

Investment objective

ETFS Crude Oil (CRUD) is designed to track the DJ-AIG Crude Oil Sub-IndexSM and pays a capitalised interest return which cumulates daily. The Sub-Index is an "excess return" index and the interest component combines to give a total return investment.

[kiwi2007] 18/12/2008 21:38

Authers comments on oil... us drivers drove 100 billion miles less over the previous year... pressure on oil price heavily downwards...

[carrera] 15/12/2008 19:25

I am always cautious about picking bottoms :-)

but think this one is very close to barhgain price

bought a couple of times and stopped out still watching

[gconvery] 15/12/2008 17:04

last week....

[vodka n ice] 15/12/2008 17:04

Carrera

I got in today first thing.
I think the same as you and with the OPEC
meeting on Wednesday we should see a good
strong week.
CRUD is well below it's lows so getting in
now has got to be a bonus. Fill ya boots.

[carrera] 15/12/2008 16:30

Hi to y'all on this post.

Im looking to go long Crude, big time target 70-75 per barrel

Surely its a declining commodity and the folks that own the wells aint going to give it away. They will reduce capacity till price goes up.

Q is when to enter long

be interested in your thoughts

Regards

Carrera

[ted1806] 15/12/2008 10:39

Crude Oil Rises as OPEC's El-Badri Says Sizeable Cut Is Needed
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By Nidaa Bakhsh

Dec. 15 (Bloomberg) -- Crude oil rose after OPEC's Secretary-General Abdalla El-Badri said the group needs to make a "sizeable" production cut at this week's meeting in Algeria.

The Organization of Petroleum Exporting Countries, which pumps 42 percent of the world's oil, will probably lower output targets by at least 2 million barrels a day, or 7.3 percent, at a Dec. 17 meeting in Oran, according to 18 of 33 analysts surveyed by Bloomberg.

Prices are being "buoyed by expectations that OPEC will make a significant cut," Robert Laughlin, a senior broker at MF Global Ltd. in London, said by phone today. "The necessity for cuts has never been so vital."

Crude oil for January delivery rose as much as $2.72, or 5.9 percent, to $49 a barrel in electronic trading on the New York Mercantile Exchange. The contract traded at $48.75 at 10:36 a.m. London time.

"Stocks are very high, we need to take action at this time," El-Badri told reporters when he arrived at his hotel in Oran today. The oil market has 100 million barrels in excess stockpiles, he said.

OPEC is asking Russia, the largest producer outside the group, to cut oil output by between 200,000 and 300,000 barrels a day to help revive prices, OAO Lukoil Chief Executive Officer Vagit Alekperov said in Moscow today.

Oil has fallen more than $100 a barrel from July's record as the global economic slump cuts fuel consumption. World oil demand will fall this year for the first time since 1983, the International Energy Agency said last week.

China Slows

China's November crude-oil processing fell to a 15-month low as an economic slowdown cut demand. Refineries processed 27.27 million tons of crude last month, or 6.64 million barrels a day, the lowest since September last year, the China Mainland Marketing Research Co. said in a faxed statement today.

"People were expecting Chinese demand increases to overcompensate for the demand slump in the OECD countries," said Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt, Germany. "Right now it's not looking like this."

A report today will probably show industrial production in the U.S., the world's largest oil consumer, contracted 0.9 percent last month as automakers cut output, according to a survey of economists. Sentiment among the largest manufacturers in Japan, the third-largest oil user, fell the most in 34 years, according to the nation's quarterly Tankan survey today.

Brent oil for January settlement rose as much as $2.21, or 4.8 percent, to $48.62 a barrel on London's ICE Futures Europe exchange. The contract expires tomorrow. The more actively traded February futures gained 3.7 percent to $50.88 a barrel at 10:18 a.m. London time.

Iran Warning

Oil prices will fall further if OPEC nations don't cut daily output by at least 1.5 million barrels at this week's meeting, Iranian Oil Minister Gholamhossein Nozari said yesterday.

Hedge-fund managers and other large speculators increased their net-long positions in New York crude-oil futures in the week ended Dec. 9, according to U.S. Commodity Futures Trading Commission data.

Speculative long positions, or bets prices will rise, outnumbered short positions by 10,807 contracts on the New York Mercantile Exchange, the Washington-based commission said in its Commitments of Traders report. Net-long positions rose by 8,558 contracts, or 381 percent, from a week earlier.

[ted1806] 15/12/2008 10:38

The Saudi king wants a fair value of $75 per barrel.
Considering he's in charge of OPEC if he wants $75
then I think he may get it.

[kiwi2007] 15/12/2008 10:32

Analyst on FT was saying this weekend that it would go down to $25..

[ted1806] 15/12/2008 10:30

The price of oil is only going to go up.
OPEC meet on the 17th and will cut production by at least
2 million barrels a day.
Nice bounce this morning
CRUD is a buy.

[werock] 04/12/2008 11:22

correction. +8% is not y/y. but year to date figure.

[werock] 04/12/2008 10:32

China Auto sales up 8% y/y. Not bad. Hope the Chinese keep their spending.

[werock] 03/12/2008 21:59

blackm0nday,

If you trade CFD, then you trade in dollars. Some brokers (Interactive brokers, Saxo, TD Waterhouse offer cash dollar positions). Don't know who you have your a/c with. I myself opened a dollar denominated CFD. And the profits are in dollar which I can exchange anytime later on. Same goes for some cash brokers.

[blackm0nday] 03/12/2008 21:15

Seriously looking to dump a few grand into this soon but looking at interest rates, if rates go lower tomorrow and the pound tanks again this will not bode well for buying dollers.
Thoughts anyone

[werock] 03/12/2008 20:19

Today oil inventories doesn't help much. The numbers are bullish for oil. But macro data outweighed that. This price is below the production costs. Let alone capacity reinvestment. Wishing and pushing oil prices down is like storing up huge inflation in the future.

[badtime] 02/12/2008 18:33

lol..i nibbled last week...thnkgdns jus a nibble..lol

[werock] 01/12/2008 21:53

just bought at $31. and a contract of sweet light future at the market close. let's hope for a good rise.

[donny brassedoff] 28/11/2008 07:53

these aren't like warrants are they? So u could effectively buy this for your ISA and wait(hope) oil recovers?

[johnrxx99] 28/11/2008 07:18

Recommended by Questor in the Telegraph.

[praipus] 24/9/2008 16:00

Hywel, No need to compete with Leeson Gordon Brown's doing it for all of us with our money.

Interesting selection, look a bit too speculative for me. I've had shares in SIA and DGO but long ago, now mainly in utilities and renewables. For investment ECWC, UEMW, RWE, REH, BRNE, NVE and speculation FNT, TAN and BILL.

A portfolio I manage for the family includes BP and SSE.

Trying to only invest in things with assets and inflation linked returns.

[hywel] 18/9/2008 10:43

Interesting times indeed, though not pleasant! Latest news from ETF Securities:
www.etfsecurities.com/en/news/etfs_news_080917.asp

Praipus, you still making Leeson look like an amateur?! - i hope not.

My Oil E&P's in roughly descending order are SIA, DGO, FRR, SQZ, SMDR, EO., LDP, GKP the last 5 are small holdings that i'm looking to increase and well they do go down when the oil price falls but don't go up when the oil price goes up so go figure! You'd expect the producers DGO, DNX, VPC, TLW to be more correlated to the oil price but at the moment fundamentals are so disconnected from the market that anything can and is happening.

How about you, any E&P's?