$Rex Intl (5WH.SG)$ Brent crude rebounded by 3.4% to around ...
$Rex Intl(5WH.SG$
Brent crude rebounded by 3.4% to around USD114 as Russia signaled it would want rubles not only for gas but also for oil, metals and grains. The U.S. Energy Information Administration also reported a crude oil inventory draw of 3.4m barrels for the week to Mar 25. This compared with a decline the previous week.
There is also scepticism in the Russia-Ukraine peace talks.
I think the correction in oil prices may be over. Maybe can buy around 0.335-0.345. For RH, maybe can buy around 0.28-0.29. For Golden Energy, maybe can buy around 0.49-0.51. For Geo Energy, maybe can buy around 0.445-0.46. Try at lower levels first. If cannot, then try at upper levels.
Brent crude rebounded by 3.4% to around USD114 as Russia signaled it would want rubles not only for gas but also for oil, metals and grains. The U.S. Energy Information Administration also reported a crude oil inventory draw of 3.4m barrels for the week to Mar 25. This compared with a decline the previous week.
There is also scepticism in the Russia-Ukraine peace talks.
I think the correction in oil prices may be over. Maybe can buy around 0.335-0.345. For RH, maybe can buy around 0.28-0.29. For Golden Energy, maybe can buy around 0.49-0.51. For Geo Energy, maybe can buy around 0.445-0.46. Try at lower levels first. If cannot, then try at upper levels.
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