IQ Option Crude oil Brent
Trimer investing
Report by Lin Wai Hwa
Platform: IQ Option
Crude oil Brent
Information: Brent crude is derived from the North Sea including Brent Blend, Ekofisk crudes, Oseberg and Forties Blend. Brent blend is light crude oil (LCO) which have roughly 0.37% of Sulphur, nevertheless not as sweet as West Texas intermediate (WTI). It can be used of refining of petrol, diesel fuel and other very needed products.
Oil (Brent) Price Per 1 Gallon 1.42 USD 1 Barrel ≈ 158,98 Liters Oil (Brent) Price Per 1 Liter 0.37 USD 1 Barrel = 336 Pint
Brent Crude is universally threshold for the pricing of two third of global crude oil supplies. The reason of the name Brent crude is due to the reason its production in Brent oilfield, UK.
In accordance to the past Brent crude oil price graph, the commodity got a record low of $2.23 in May 1970 and a record high of $147.02 in July 2008.
Brent crude oil is known as blended oil (a mix of oseberg, ekofisk, forties, and brent get from the ground of North Sea. It is widely known refined to gasoline and diesel fuel. In buy and sell, Brent is popular as threshold for oil in the bigger marketplace, such as the Europe, Africa and Middle East.
Brent crude futures going ups and down in the midst of little gains and downturn at around $92 per barrel on Tuesday, with over two following periods of upward as investors balance global growth scared against good prospect over fuel demand consumption in China, at the meanwhile big crude oil production facing hard time to maximize output and reach demand.
Within this week, Chengdu one of the China city, with 21 million population, and Dalian city in China’s Northern Liaoning provinence get out of shutdown, giving support for a significant get back in oil demand upward trend in the second biggest world oil consumer. At the supply end, OPEC+ drop of its oil production goal by 3.583 million barrels per day in August after lost its goal by 2.893 million bpd in July.
19/09/2022
- Purchased at 15 Sept 14.12.40 at the level 93.21 with total investment amount of Rm 28.00 with multiplier x100
- Current open position loses 385% with rm 107.00 amount loses. Wait the amount to be around gain unlimited high then still keep the position in open.
2020/09/2022
- Purchase rm 28.00 at level 89.419, at -27%, at level 93.21 which is at -425%.
Examples of Brent production offshore
Crude oil major companies in Malaysia
Shell
Petronas
Dayang Enterprise Holding Berhad
Perdana
https://perdana.my/
Hibiscus
https://www.hibiscuspetroleum.com/
Thing not to do to reduce the losses of crude oil
- Do not consume petrol
- Don’t use an car or motorbike which is oil consumption,
- Do not accelerate motorbike or car as it consume petrol
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