Stock: [DLADY]: DUTCH LADY MILK INDUSTRIES BHD

Apr 21, 2020 6:11 AM | Report Abuse

U.S. crude prices turned negative the first time in history on Monday, with virtually zero buyers turning up for prompt delivery oil in a market woefully glutted by the coronavirus pandemic.

West Texas Intermediate crude futures for May delivery fell to a session low of $40.32 per barrel and settled the day at minus $37.63. That meant a notional loss of $55.90 per barrel from its Friday settlement of $18.27.

June WTI, which Investing.com is already quoting as reference for U.S. crude given its outsize volume to May, settled at $20.43 per barrel, down $4.60 or 18.4% from Friday’s settlement.

Brent, the London-traded global benchmark for crude, meanwhile, lost $2.51 on its front month June contract to settle down 9% at $25.57. June Brent was at a contango, or discount, of more than $4 to July Brent. Even more important, its differential to WTI — a big trade in oil — was at an unimaginable $63.

“I am worried about the dislocation of the WTI - Brent spread,” Igor Windisch of the IBW Daily Oil Brief said in a note Monday. “The worrying thing is that there is no support line for Brent.”

Since WTI futures began trading on the New York Mercantile Exchange in April 1983, the lowest the U.S. crude benchmark had gotten to prior to this was $9.75 in April 1986.

“What this tells you is that there’s just a mega glut of oil out there, that’s not going to be clearing anytime soon,” said John Kilduff, founding partner at New York energy hedge fund Again Capital.

“As a matter of fact, we have a big problem on our hands in terms of storage,” Kilduff added. “The storage situation is filling up and refiners aren’t buying, motorists aren’t buying. nobody is buying; so there’s just a tremendous back up of crude oil throughout the system and you have to pay dearly now if you want somebody to take it off your hands.”

Amid the Covid-19 pandemic that’s destroying demand for oil faster than producers can cut, the market has been laser-focused on how much storage is left globally for crude and whether that will run out soon.

Stock: [KRONO]: KRONOLOGI ASIA BHD

Apr 21, 2020 6:10 AM | Report Abuse

U.S. crude prices turned negative the first time in history on Monday, with virtually zero buyers turning up for prompt delivery oil in a market woefully glutted by the coronavirus pandemic.

West Texas Intermediate crude futures for May delivery fell to a session low of $40.32 per barrel and settled the day at minus $37.63. That meant a notional loss of $55.90 per barrel from its Friday settlement of $18.27.

June WTI, which Investing.com is already quoting as reference for U.S. crude given its outsize volume to May, settled at $20.43 per barrel, down $4.60 or 18.4% from Friday’s settlement.

Brent, the London-traded global benchmark for crude, meanwhile, lost $2.51 on its front month June contract to settle down 9% at $25.57. June Brent was at a contango, or discount, of more than $4 to July Brent. Even more important, its differential to WTI — a big trade in oil — was at an unimaginable $63.

“I am worried about the dislocation of the WTI - Brent spread,” Igor Windisch of the IBW Daily Oil Brief said in a note Monday. “The worrying thing is that there is no support line for Brent.”

Since WTI futures began trading on the New York Mercantile Exchange in April 1983, the lowest the U.S. crude benchmark had gotten to prior to this was $9.75 in April 1986.

“What this tells you is that there’s just a mega glut of oil out there, that’s not going to be clearing anytime soon,” said John Kilduff, founding partner at New York energy hedge fund Again Capital.

“As a matter of fact, we have a big problem on our hands in terms of storage,” Kilduff added. “The storage situation is filling up and refiners aren’t buying, motorists aren’t buying. nobody is buying; so there’s just a tremendous back up of crude oil throughout the system and you have to pay dearly now if you want somebody to take it off your hands.”

Amid the Covid-19 pandemic that’s destroying demand for oil faster than producers can cut, the market has been laser-focused on how much storage is left globally for crude and whether that will run out soon.

Stock: [UZMA]: UZMA BHD

Apr 21, 2020 6:08 AM | Report Abuse

U.S. crude prices turned negative the first time in history on Monday, with virtually zero buyers turning up for prompt delivery oil in a market woefully glutted by the coronavirus pandemic.

West Texas Intermediate crude futures for May delivery fell to a session low of $40.32 per barrel and settled the day at minus $37.63. That meant a notional loss of $55.90 per barrel from its Friday settlement of $18.27.

June WTI, which Investing.com is already quoting as reference for U.S. crude given its outsize volume to May, settled at $20.43 per barrel, down $4.60 or 18.4% from Friday’s settlement.

Brent, the London-traded global benchmark for crude, meanwhile, lost $2.51 on its front month June contract to settle down 9% at $25.57. June Brent was at a contango, or discount, of more than $4 to July Brent. Even more important, its differential to WTI — a big trade in oil — was at an unimaginable $63.

“I am worried about the dislocation of the WTI - Brent spread,” Igor Windisch of the IBW Daily Oil Brief said in a note Monday. “The worrying thing is that there is no support line for Brent.”

Since WTI futures began trading on the New York Mercantile Exchange in April 1983, the lowest the U.S. crude benchmark had gotten to prior to this was $9.75 in April 1986.

“What this tells you is that there’s just a mega glut of oil out there, that’s not going to be clearing anytime soon,” said John Kilduff, founding partner at New York energy hedge fund Again Capital.

“As a matter of fact, we have a big problem on our hands in terms of storage,” Kilduff added. “The storage situation is filling up and refiners aren’t buying, motorists aren’t buying. nobody is buying; so there’s just a tremendous back up of crude oil throughout the system and you have to pay dearly now if you want somebody to take it off your hands.”

Amid the Covid-19 pandemic that’s destroying demand for oil faster than producers can cut, the market has been laser-focused on how much storage is left globally for crude and whether that will run out soon.

Stock: [AAX]: AIRASIA X BHD

Apr 21, 2020 4:35 AM | Report Abuse

U.S. crude prices turned negative the first time in history on Monday, with virtually zero buyers turning up for prompt delivery oil in a market woefully glutted by the coronavirus pandemic.
West Texas Intermediate crude futures for May delivery fell to a session low of $40.32 per barrel and settled the day at minus $37.63. That meant a notional loss of $55.90 per barrel from its Friday settlement of $18.27.

June WTI, which Investing.com is already quoting as reference for U.S. crude given its outsize volume to May, settled at $20.43 per barrel, down $4.60 or 18.4% from Friday’s settlement.
Brent, the London-traded global benchmark for crude, meanwhile, lost $2.51 on its front month June contract to settle down 9% at $25.57. June Brent was at a contango, or discount, of more than $4 to July Brent. Even more important, its differential to WTI — a big trade in oil — was at an unimaginable $63.

“I am worried about the dislocation of the WTI - Brent spread,” Igor Windisch of the IBW Daily Oil Brief said in a note Monday. “The worrying thing is that there is no support line for Brent.”
Since WTI futures began trading on the New York Mercantile Exchange in April 1983, the lowest the U.S. crude benchmark had gotten to prior to this was $9.75 in April 1986.

“What this tells you is that there’s just a mega glut of oil out there, that’s not going to be clearing anytime soon,” said John Kilduff, founding partner at New York energy hedge fund Again Capital.
“As a matter of fact, we have a big problem on our hands in terms of storage,” Kilduff added. “The storage situation is filling up and refiners aren’t buying, motorists aren’t buying. nobody is buying; so there’s just a tremendous back up of crude oil throughout the system and you have to pay dearly now if you want somebody to take it off your hands.”

Amid the Covid-19 pandemic that’s destroying demand for oil faster than producers can cut, the market has been laser-focused on how much storage is left globally for crude and whether that will run out soon.

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Apr 21, 2020 4:33 AM | Report Abuse

U.S. crude prices turned negative the first time in history on Monday, with virtually zero buyers turning up for prompt delivery oil in a market woefully glutted by the coronavirus pandemic.
West Texas Intermediate crude futures for May delivery fell to a session low of $40.32 per barrel and settled the day at minus $37.63. That meant a notional loss of $55.90 per barrel from its Friday settlement of $18.27.

June WTI, which Investing.com is already quoting as reference for U.S. crude given its outsize volume to May, settled at $20.43 per barrel, down $4.60 or 18.4% from Friday’s settlement.
Brent, the London-traded global benchmark for crude, meanwhile, lost $2.51 on its front month June contract to settle down 9% at $25.57. June Brent was at a contango, or discount, of more than $4 to July Brent. Even more important, its differential to WTI — a big trade in oil — was at an unimaginable $63.

“I am worried about the dislocation of the WTI - Brent spread,” Igor Windisch of the IBW Daily Oil Brief said in a note Monday. “The worrying thing is that there is no support line for Brent.”
Since WTI futures began trading on the New York Mercantile Exchange in April 1983, the lowest the U.S. crude benchmark had gotten to prior to this was $9.75 in April 1986.

“What this tells you is that there’s just a mega glut of oil out there, that’s not going to be clearing anytime soon,” said John Kilduff, founding partner at New York energy hedge fund Again Capital.
“As a matter of fact, we have a big problem on our hands in terms of storage,” Kilduff added. “The storage situation is filling up and refiners aren’t buying, motorists aren’t buying. nobody is buying; so there’s just a tremendous back up of crude oil throughout the system and you have to pay dearly now if you want somebody to take it off your hands.”

Amid the Covid-19 pandemic that’s destroying demand for oil faster than producers can cut, the market has been laser-focused on how much storage is left globally for crude and whether that will run out soon.

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Apr 21, 2020 4:32 AM | Report Abuse

U.S. crude prices turned negative the first time in history on Monday, with virtually zero buyers turning up for prompt delivery oil in a market woefully glutted by the coronavirus pandemic.
West Texas Intermediate crude futures for May delivery fell to a session low of $40.32 per barrel and settled the day at minus $37.63. That meant a notional loss of $55.90 per barrel from its Friday settlement of $18.27.

June WTI, which Investing.com is already quoting as reference for U.S. crude given its outsize volume to May, settled at $20.43 per barrel, down $4.60 or 18.4% from Friday’s settlement.
Brent, the London-traded global benchmark for crude, meanwhile, lost $2.51 on its front month June contract to settle down 9% at $25.57. June Brent was at a contango, or discount, of more than $4 to July Brent. Even more important, its differential to WTI — a big trade in oil — was at an unimaginable $63.

“I am worried about the dislocation of the WTI - Brent spread,” Igor Windisch of the IBW Daily Oil Brief said in a note Monday. “The worrying thing is that there is no support line for Brent.”
Since WTI futures began trading on the New York Mercantile Exchange in April 1983, the lowest the U.S. crude benchmark had gotten to prior to this was $9.75 in April 1986.

“What this tells you is that there’s just a mega glut of oil out there, that’s not going to be clearing anytime soon,” said John Kilduff, founding partner at New York energy hedge fund Again Capital.
“As a matter of fact, we have a big problem on our hands in terms of storage,” Kilduff added. “The storage situation is filling up and refiners aren’t buying, motorists aren’t buying. nobody is buying; so there’s just a tremendous back up of crude oil throughout the system and you have to pay dearly now if you want somebody to take it off your hands.”

Amid the Covid-19 pandemic that’s destroying demand for oil faster than producers can cut, the market has been laser-focused on how much storage is left globally for crude and whether that will run out soon.

Stock: [PENERGY]: PETRA ENERGY BHD

Apr 21, 2020 3:15 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [BENALEC]: BENALEC HOLDINGS BHD

Apr 21, 2020 3:14 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [SAPNRG]: SAPURA ENERGY BHD

Apr 21, 2020 3:14 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD

Apr 21, 2020 3:13 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD

Apr 21, 2020 3:13 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Apr 21, 2020 3:12 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Apr 21, 2020 3:11 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [DAYANG]: DAYANG ENTERPRISE HOLDINGS BHD

Apr 21, 2020 3:10 AM | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Stock: [CARIMIN]: CARIMIN PETROLEUM BHD

Apr 21, 2020 2:01 AM | Report Abuse

Slowly or fast die

Stock: [AIRASIA]: AIRASIA GROUP BHD

Apr 20, 2020 11:34 PM | Report Abuse

Support losses company..fly without wing..

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

Apr 20, 2020 11:31 PM | Report Abuse

No impact..act as normal human being..

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Apr 20, 2020 11:28 PM | Report Abuse

Long selling..Not short selling

Stock: [BENALEC]: BENALEC HOLDINGS BHD

Apr 20, 2020 11:19 PM | Report Abuse

Maday maday

Stock: [DAYANG]: DAYANG ENTERPRISE HOLDINGS BHD

Apr 20, 2020 10:54 PM | Report Abuse

One and two, two and one, i love you..

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Apr 20, 2020 10:53 PM | Report Abuse

Limit down..maday maday maday..

Stock: [ASTRO]: ASTRO MALAYSIA HOLDINGS BHD

Apr 20, 2020 10:49 PM | Report Abuse

Cerita Hantu Minyak Crude Brent

Stock: [VELESTO]: VELESTO ENERGY BERHAD

Apr 20, 2020 10:33 PM | Report Abuse

FirstOut..9-10am maday maday maday

Stock: [KRONO]: KRONOLOGI ASIA BHD

Apr 20, 2020 10:32 PM | Report Abuse

70sen 80sen

Stock: [DAYANG]: DAYANG ENTERPRISE HOLDINGS BHD

Apr 20, 2020 10:28 PM | Report Abuse

R.I.P

Stock: [UZMA]: UZMA BHD

Apr 20, 2020 10:27 PM | Report Abuse

Game over

Stock: [SAPNRG]: SAPURA ENERGY BHD

Apr 20, 2020 10:24 PM | Report Abuse

Maday maday maday..sos sos sos..

Stock: [UZMA]: UZMA BHD

Apr 20, 2020 10:23 PM | Report Abuse

Maday maday maday..

Stock: [KNM]: KNM GROUP BHD

Apr 20, 2020 10:22 PM | Report Abuse

Crazy. crude oil terjum junam die die
.maday..maday..

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Apr 20, 2020 10:20 PM | Report Abuse

Terjun..Diving..Crude Oil sudah Gila

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Apr 20, 2020 10:19 PM | Report Abuse

Crude Oil sudah Gila

Stock: [MINDA]: MINDA GLOBAL BERHAD

Apr 20, 2020 12:55 PM | Report Abuse

0.10

Stock: [PARKSON]: PARKSON HOLDINGS BHD

Apr 20, 2020 12:53 PM | Report Abuse

0.20

Stock: [RGB]: RGB INTERNATIONAL BHD

Apr 19, 2020 3:39 PM | Report Abuse

MCO 0.005

Stock: [VELESTO]: VELESTO ENERGY BERHAD

Apr 19, 2020 3:37 PM | Report Abuse

0.12?

Stock: [XDL]: XIDELANG HOLDINGS LTD

Apr 18, 2020 11:11 PM | Report Abuse

0.06?

Stock: [XDL]: XIDELANG HOLDINGS LTD

Apr 17, 2020 9:05 PM | Report Abuse

Maybe 1 year price 0.07-0.08.. Shark Doo Doo

Stock: [AVI]: AVILLION BHD

Apr 17, 2020 6:59 AM | Report Abuse

Gud Luck

Stock: [DGB]: DGB ASIA BHD

Apr 17, 2020 6:27 AM | Report Abuse

MOU mau miow

Stock: [EKOVEST]: EKOVEST BHD

Apr 15, 2020 10:38 PM | Report Abuse

DUKE

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Apr 15, 2020 10:37 PM | Report Abuse

Time to buy back again and again

Stock: [MBSB]: MALAYSIA BUILDING SOCIETY BHD

Apr 15, 2020 10:35 PM | Report Abuse

All Bank In Malaysia will freeze Dividend? Reserve for cost of operation?

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Apr 15, 2020 10:33 PM | Report Abuse

Buy KFC before it become toilet paper..

Stock: [MSM]: MSM MALAYSIA HOLDINGS BHD

Apr 15, 2020 10:31 PM | Report Abuse

Less Demand for Sugar..Karipap Donut Kek Lapis

Stock: [MMCCORP]: MMC CORP BHD

Apr 15, 2020 10:28 PM | Report Abuse

MRCB not MMC lor

Stock: [AIRASIA]: AIRASIA GROUP BHD

Apr 15, 2020 10:26 PM | Report Abuse

Flying at Land

Stock: [ALAM]: ALAM MARITIM RESOURCES BHD

Apr 15, 2020 10:25 PM | Report Abuse

Dun play play..Recession promises

Stock: [AWC]: AWC BHD

Apr 15, 2020 10:23 PM | Report Abuse

Target talak kena

Stock: [SAPNRG]: SAPURA ENERGY BHD

Apr 15, 2020 10:22 PM | Report Abuse

Hutang Makin Meningkat..Perolehan Makin Menguncup..0.06 Target Buy

Stock: [SAPNRG]: SAPURA ENERGY BHD

Apr 15, 2020 10:21 PM | Report Abuse

Korek Gali Korek Gali Salur Proses Salur Proses Jual Murah Jual Murah..Retrenchment, VSS, No Bonus..Ermm