WWW - Posts tagged Price hike at BloggingStocks

price hike posts

Brent Crude Oil Explodes to $120 Per Barrel

Posted Apr 4th 2011 3:00PM by Connie Madon (RSS feed)
Filed under: Major Movement, International Markets, Bad News, Middle East, Commodities, Oil, Headline News

The Wall Street Journal posted oil production numbers for March that disclose the shortfall from the Libyan conflict. When the news hit the tape, Brent Crude exploded to the upside trading at $120.17 per barrel, up $1.47 (12:45 EDT.)

Here are the stats:

OPEC production fell 411,000 barrels per day to 29,343 million bpd.
Libya's production fell 343,000 barrels per day, from 1,396,000 bpd.
Nigeria fell 107,000 barrels per day due to Royal Dutch (RDS) Oil maintenance.

To make up for the shortfall, Saudi Arabia increased production by 500,000 barrels per day to 9.05 million bpd. Kuwait upped production by 37,000 barrels per day. Arab Emirates increased their production by 90,000 barrels per day.

Here's the real kicker. OPEC's seaborne exports are expected to fall by 530,000 barrels per day in the next four weeks.

Continue reading Brent Crude Oil Explodes to $120 Per Barrel

LG Display Rises On Expectation Of Price Hike

Posted Mar 12th 2010 1:30PM by Brent Archer (RSS feed)
Filed under: Good news, Options, Technical Analysis

LG Display (LPL - option chain) shares are rising on reports that the company may raise prices on some of its LCD panels due to strong demand and tighter supply after the recent earthquake in Taiwan. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on LPL.

LPL opened this morning at $15.86. So far today the stock has hit a low of $15.75 and a high of $15.94. As of 11:50, LPL is trading at $15.92 up 39 cents (2.5%). The chart for LPL looks neutral and S&P gives LPL a neutral 3 STARS (out of 5) hold ranking.

Continue reading LG Display Rises On Expectation Of Price Hike