atans1

Oil prices are “right” for PAP

In Energy, Political governance on 24/10/2018 at 10:15 am

Last night Brent touched US$75.88 a barrel — the lowest since early September — before settling at US$76.44 in NY. In early October it was above US$86.

 

 

 

 

 

 

 

 

 

Phew that was a really quick sharp retracement after a very sharp spik in October: Tua kee traders take opposing views on price of oil.

The PAP govt must be relieved oil is now trading below US$80.

A US$ oil price of closer to US$100  than US$60 will pose problems for an early GE in late 2019 esp with the promised rise in GST(See below for GST related posts) after GE: Akan datang: GE in late 2019

According to Citi’s Johanna Chua, Asian countries suffer the most when oil prices rise because, aside from Malaysia, most are net oil importers. Singapore runs a sizable 6.5% oil and gas deficit,

HoHoHo: Why oil price rises are not gd for PAP

 

 

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