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Hedge funds and oil traders will hold back whilst waiting for SPR news although G7 will try to delay as long as possible. However, once SPR released, that will be the last line of defence for global Crude Oil prices.
I remember I have saw a news on last 2 week, Brent oil up USD 1 dollar, AAX will loss 40m, this round Brent oil up from 70--->100 dollar, so it's next qr will loss 1.2B+ !!!! WTH!!!!
not, you wrong, for every dollar Brent up, AAX loss will be RM80 million (qpprox USD18 mil). approx total loss around RM1.4 billion. fuel makes 1/3 of airliner cost. sell first enter when war is about to over. USD70 to USD100 or more is huge
Daniel better just sit back and watch the shows it’s not the time to chip in.I’m rather find something else.I got bought back YTL & SP Setia for collection .I means if you interested:)