Crude Oil Prices Rise as U.S. Stockpiles Ease. January Brent crude on London’s ICE Futures exchange rose 42 cents to $44.56 a barrel. By BIMAN MUKHERJI. Updated Nov. 18, 2015 10:26 p.m. ET. 0 COMMENTS. HONG KONG--Oil prices rose in Asia trade on Thursday as a buildup in weekly U.S. oil stockpiles showed the smallest increase since stocks began rising at the end of September.. . U.S. weekly inventories of crude oil rose by around 0.25 million barrels, far less than market expectations of above 2 million barrels, said Daniel Ang, investment analyst at Phillip Futures Limited.. . The rise in crude oil inventories followed routine maintenance shutdowns by refiners who process the oil into products, as well as being due to a seasonal slowdown. But the weekly stockpiles have now started to fall as refineries increase their utilisation rates as well as lower imports, said Mr. Ang.
So what do you think to these bonds when they actually hike? i don't know much about their bonds. Do they have enough money or would Icahn have to step in to cover that. I heard him say that he has set aside money to buy more WHEN it goes down.
So it was because of the drop in 2017 bond prices. This is a reaction to yesterday's once again unclear but supposedly hawkish minutes. So what happens when they actually hike. What I don't understand is why the company didn't buy back bonds that are due in 2017 instead of the ones in 2030s?
Do you think it will be OK to short this if it closes below 8.96, the close of Sept 18, what do you say? But I don't think it will . There may be some shorts who get scared before the close trying to cover before the weekend! But at the same time there may be longs who get scared and sell before the weekend.
The first batch of shorts, shorting and getting scared and covering immediately. Pros don't short at the first sign of weakness.
The chart got a golden cross(20dma going above 50 dma) when it rallied. This happened in May. Check that. It went up for 4 days and came back to the same place the next 4 days.
Longs who have been waiting for a pop getting out. This has to retrace to 20 dma and 50 dma around 7.5 to 8. If it bounces from there one can be sure but i don't see any reason for this to be spiking. For some reason CHK has been trading with oil though nat gas was tanking. Smart traders are all saying sell into the rally.
China has been closed for a week - they are trading tonight I think - so you can't say anything about commodities until we see how that goes!
earnings estimate will have to be cut by another 8c. They better say some great things along with the stinky earnings(or lack thereof)!
Dollar has been going down in anticipation of Yellen's talk this afternoon. Oil slightly up as a result. As long as CNBC invites some hawks to ruin it we will be OK. the trend could stay.
I was a little confused at CHK and oil taking a turn downward after the bullish inventory data yesterday. It was uncomfortable - then it came to me end of a bad quarter- mutual funds dump stocks. Normally they will buy the winners after that to show the clients but this time it is better to show they are out of the market. So there is going to be no buying until October?
We saw short covering today. Why? No good reason found yet. My feeling is CHK will be one of the most affected by interest rates due to their huge debt. So shorts covered just in case the stock goes up if they didn't raise. Now if they do raise CHK will go down. It looks like the consensus is toward raising rates.
I am posting this to see if there was another reason.