OIL down today!

VALUEPICK · 1 OIL down today! Wed Mar 12, 2014 12:03 pm

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http://www.bloomberg.com/news/2014-03-11/wti-oil-declines-for-a-third-day-as-u-s-crude-stockpiles-rise.html

WTI Crude Falls as U.S. Crude Supplies Rise; Brent Drops

SHARK aka TAH · 2 Re: OIL down today! Sat Mar 15, 2014 2:47 pm

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oil will go up alongside gold Smile

kelum · 3 Re: OIL down today! Sat Mar 15, 2014 8:07 pm

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If Russia attack ukrain....oil will go down and gold will up......

SHARK aka TAH · 4 Re: OIL down today! Sat Mar 15, 2014 9:15 pm

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no oil will also up ..... due to scarecity ... Russia also exports oil and will face sanctions ....

kelum · 5 Re: OIL down today! Sun Mar 16, 2014 1:21 am

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Yes...because of war if EU impose sanction on Russia...oil price will go up around 120 per barrel.Russia is a one of biggest oil and natural gas provider to Europe(30 percent of total gas supply)mainly to German and France.the main dought is whether eu will take a risk to impose sanction to Russia under bad economic conditions in Europe.in a condition that Europe is trying to impose negative interest rate in Europe region to recover 370 billion bad debts,haw far that eu will be success in impossing sanction. Because if oil go up, bad effect on there GDP very big. UK has miner effect on it because they are using less than 1 PC of Russian gas.but British GDP also will suffer in the other way because of stock downturn(20pc of BP belongs to Russian state company...only one example)......Gold is up because investors believe that gold is less risk investment....if I am wrong please correct me.

SHARK aka TAH · 6 Re: OIL down today! Sun Mar 16, 2014 10:02 pm

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kelum wrote:Yes...because of war if EU impose sanction on Russia...oil price will go up around 120 per barrel.Russia is a one of biggest oil and natural gas provider to Europe(30 percent of total gas supply)mainly to German and France.the main dought is whether eu will take a risk to impose sanction to Russia under bad economic conditions in Europe.in a condition that Europe is trying to impose negative interest rate in Europe region to recover 370 billion bad debts,haw far that eu will be success in impossing sanction. Because if oil go up, bad effect on there GDP very big. UK has miner effect on it because they are using less than 1 PC of Russian gas.but British GDP also will suffer in the other way because of stock downturn(20pc of BP belongs to Russian state company...only one example)......Gold is up because investors believe that gold is less risk investment....if I am wrong please correct me.

EU is considering sanctions on Monday .....look for OIL shoot up from tomorrow Smile

Dollar will also shoot 1400+ in my opinion