Category: Oil Price Related
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Barclays: Oil prices rising to US$85 a barrel by 2020
One common factor said to be affecting Ringgit tremendously is the oil price. This is because with low oil prices, the revenues of the government would reduce and this meant a higher risk and thus contributing to a lower Ringgit versus the US$. Well, at least there is some good news for oil price, if…
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100 Billion barrels of oil in London??
London is a world city. It’s huge property market is participated by players from all over the world and you may not be considered a super-wealthy person unless you own something in London. Well, in the near future, perhaps you can fly there for an ‘oil bath’? Haha. Just joking but it has been recently…
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Oh No! Oil prices falling means Bursa stocks and Ringgit will fall too!
Oh no! Bursa Malaysia as well as the Ringgit is falling because of oil prices which has sunk below US$70 per barrel. This was the title of many articles about the current state of Bursa Malaysia as well as Ringgit. The stock market is at its lowest point since mid-October while the Ringgit is now…
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OPEC vs US oil producers. Who’s going under first?
The oil price has been on a downtrend and it is still on a downtrend this far. The largest producers are all grouped under the Organisation of the Oil Exporting Countries (OPEC). Thus, this group is quite powerful when it comes to dictating oil prices. For example, when the demand goes up or when there’s…