Oil Price Watch

[c_cube]

Gasoline prices up P1.80 per liter anew | ABS-CBN News

buti nalang nakapag pafull tank ako. laki ng tinaas eh

[uls]

so that's it?

yesterday's risk off can only drive Brent down to $103?

[uls]

^^^

Draghi sends strong signal that ECB will act | Reuters

"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough," Draghi told an investment conference in London to mark the beginning of the Olympics.

[uls]

as mentioned many times before there's a lot of crude oil stockpiled in Cushing Oklahoma but many refineries in the US have no access to that oil coz of logistic problems

they're beginning to fix it

TransCanada Receives Final Key Gulf Coast Project Permit - MarketWatch

HOUSTON, TEXAS, Jul 27, 2012 (MARKETWIRE via COMTEX) -- TransCanada Corporation CA:TRP +0.11% TRP +0.74% (TransCanada) today announced it has now received the final of three key permits needed from the U.S. Army Corps of Engineers in order to advance the 485-mile (780-kilometre (km)) Gulf Coast Project. With the permit from the Fort Worth, Texas Army Corps district added to previously received permits from the Galveston, Texas and the Tulsa, Oklahoma districts, TransCanada is now in a position to start construction of the oil pipeline in the coming weeks.

The pipeline will transport growing supplies of U.S. crude oil to meet refinery demand in Texas. Gulf Coast refineries will be able to access lower-cost domestic production and avoid paying a premium to foreign oil producers, reducing cost and the United States' dependence on foreign crude oil.

[Ry_Tower]

as mentioned many times before there's a lot of crude oil stockpiled in Cushing Oklahoma but many refineries in the US have no access to that oil coz of logistic problems

they're beginning to fix it

TransCanada Receives Final Key Gulf Coast Project Permit - MarketWatch

If this happens, WTI will slightly increase and Brent possibly goes down a bit as well? ceteris paribus that is.

[uls]

yes if they can reduce crude oil inventories at Cushing Brent-WTI spread should narrow

[uls]

market anticipating central bank action

wednesday -- Federal Reserve

thursday -- ECB

Oil rises on stimulus hopes, Middle East fears | ArabianOilandGas.com

Oil prices are being buoyed by the promises of central banks to take further measures to shore up the ailing economies of consumer countries, as key benchmarks look to finish up on the month for the first time in the last three.

The price of the forward dated Brent benchmark has risen in recent weeks to $106.69 a barrel, after dropping to a 2012 low of around $90.

[uls]

Brent falls second straight day as hopes dim on stimulus | Reuters

(Reuters) - Brent crude oil futures finished lower for a second day in a row on Tuesday, as hopes faded that any new stimulus that might be adopted by the United States and Europe would be insufficient to put their economies on a sound recovery path.

In London, September Brent crude closed at $104.92 a barrel, down $1.28, or 1.21 percent, after trading from $106.52 to $104.21. However, front-month Brent ended the month $7.12 higher, or 7.28 percent, following monthly losses in April, May and June.

[Ry_Tower]

Parang $105 yung floor pice ngayon ah. Dun lang halos naglalaro.

[uls]

Oil Prices Slip After ECB Announcement - US Business News - CNBC

Brent crude oil fell below $106 per barrel on Thursday after financial markets were disappointed that neither the U.S. Federal Reserve nor the European Central Bank offered concrete new steps to boost growth.

ECB President Mario Draghi had been widely expected to announce new measures to try to stabilise the euro after promising last week to do whatever it takes to protect it.

But the ECB left its benchmark interest rate unchanged and Draghi largely repeated previous bank policy at his monthly news conference, leaving open the possibility of future action but providing no surprises.