$Indonesia Energy (INDO.US)$ too much outflow and crude oil ...
$Indonesia Energy (INDO.US)$ too much outflow and crude oil dropping. looks like on the red for today. Just holding for rebound
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Rhiox : I agree, just sit and wait
102137116 : Extracted from an article dated 09 Oct 2024
Key Points:
• Crude oil futures dip below $74, testing
200-day moving average support at $73.28.
• API data reveals U.S. crude inventories surged by nearly 11M barrels, far above forecasts.
• EIA slashes 2025 oil demand growth forecast to 1.2M bpd, citing weak global outlook. …
102137116 : I feel USA will do their best to stabilise inflation before election including oil price that will lead to increase in inflation. I bought a bit of INDO shares again two days after selling away the shares few days ago just for hedging.
EZ_money 102137116 : i disagree. i think geopolitics will kick in and oil prices will go up
102137116 EZ_money : If USA can’t stop Israel from attacking Iran’s oil field then maybe possible
EZ_money 102137116 : they can't stop it Israel has free range to do as they wish. it's already been shown Israel doesn't always listen and USA still has their backs always. energy is one of the first targets they hit after defense strikes
EZ_money 102137116 : and every time war breaks out in the middle east what happens? they bomb the oil fields