[theold]

Crude oil prices were pressured as demand in China, the biggest importer, remained weak with the local government implementing a zero Covid policy.

https://market.bisnis.com/read/20221015/...an-meredup

[sgbuffett]

Saudi oil minister is telling the truth when he said they were cutting because the demand was to low otherwise there will be a glut which is not good.

While opec meeting become.politicise until US vs Russia ...and Opec choosing sides.

Fact is oil price has been sinking due to over production and low demand.

If it goes below 80$ many poor countries will face financing issues

[singlon]

wat type of Blackhole?
deflationary Blackhole
consumer price inflation has escaped
Rate increases to keep them positive
depending on the degree of QE deployed starting with Japoni blackhole
to create this Blackhole the calculate is not for the average joe.
Volcker's increase to 20 is only 1 fold 10% inflation to 20%
Powell now is abt 13 folds from 0.25%

In the UK saga 30Y gilt has hit 5%
The market is giving pension funds 72 hrs to balance their books Liabilties-driven investments in derivatives

[Stoki]

So Sg pump prices also going to drop?

[singlon]

the roads are empty except for pockets
the play is creative some beautiful words like some areas no motoring

[singlon]

there is a link to learn
but it is beri long and tiring
like leeTaiSoh kongs ...
https://vidrebel.wordpress.com/2022/06/1...y-19-2023/

[singlon]

wat the danger?
Monetary stock will decrease via:

that created the Deflationary Blackhole they looking at Japan never envision consumer price can escape.
Yen
nearly 149 at close.

[teaserteam]

Good news. Mean US stocks soon rise as inflation rate always go in tandem with oil price in the U.S.

[sgbuffett]

Good news.  Mean US stocks soon rise as inflation rate always go in tandem with oil price in the U.S.

Look at Sept inflation number breakdown month on month oil drop 4.6% ....but excluded oil and food the core inflation is up 0.6%.

The oil price drop did not pull core  inflation down in Sep 2022...


What will really help is for rental rates to go down....that will have a strong pull down. Interest rate hike will help ...but takes time ...likely by end of year we start to see inflation being less of a problem.

Some believe recession will be the new problem pulling markets down further.

[lvlrsSTI]

Saudi oil minister is telling the truth when he said they were cutting because the demand was to low otherwise there will be a glut which is not good.

While opec meeting become.politicise until US vs Russia ...and Opec choosing sides.

Fact is oil price has been sinking due to over production and low demand.

If it goes below 80$ many poor countries will face financing issues

Well, Biden is under pressure and he wants to punish Saudi…is that the right thing to do?

[Zannn]

Look at Sept inflation number breakdown month on month oil drop 4.6% ....but excluded oil and food the core inflation is up 0.6%.

The oil price drop did not pull core  inflation down in Sep 2022...


What will really help is for rental rates to go down....that will have a strong pull down. Interest rate hike will help ...but takes time ...likely by end of year we start to see inflation being less of a problem.

Some believe recession will be the new problem pulling markets down further.

Market is forward looking, when market acknowledge recession, it’s time for rally