Oil and gas stocks take a dive as oil price weakens


If you have the cash, give me some.

Dateline 2015-09-02, TMI:

Oil and gas related stocks took a dive in the early trades today, as the crude oil futures resumed its downwards trend on fears of potential fresh supply from Iran post the sanctions lifting deal.

The global crude oil prices has been very volatile, which saw the benchmark index Brent crude price continue to weaken lately, after rebounding to US$60 (RM252) to US$70 per barrel in the second quarter of 2015 (2Q15).

At the point of writing, Brent Crude for October delivery was traded down 1.63% to US$48.75 per barrel, while US Crude lost 2.27% to US$44.38 per barrel. (Me: get current prices here)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: