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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

Crude Stocks Plunge in Asia; What to Expect Here On the Open

Dr. Fly Sun Apr 17, 2016 10:45pm EST 3 Comments

The price of brent is off by 4% tonight, up from the lows of -6%. In case you’re wondering what to expect for tomorrow’s trade in the oil patch, I took the liberties to scour the prices of energy shares traded in Asia.

This is what I’ve found.

Australia

Beach Energy -6.5%

Santos -6.1%

Origin Energy -5.1%

Hong Kong

CNOOC -4.5%

Petrochina -2.4%

China Petro -2.4%

Japan

Inpex -5%

JX Holdings -2.2%

DAX futs are off by 0.5%.

Based off these numbers, I’m guessing XLE open up at $61.5, down by 3%.

 

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3 comments

  1. moosh
    moosh
    April 17, 2016 at 11:40 pm

    A river of sell is flowing. Fresh crudey crud.

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    • 0 Deem this to be "Fake News"
  2. stockslueth
    stockslueth
    April 18, 2016 at 12:42 am

    And up through the ground come a bubblin crude. Oil that is, black gold, Texas tea.

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    • 0 Deem this to be "Fake News"
  3. probucks
    probucks
    April 18, 2016 at 12:54 am

    Either this is going to unravel in < 2weeks or the "Fed-Put" is back in play as the consensus trade until further notice

    • 0
    • 0
    • 0 Deem this to be "Fake News"

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