Bloomberg: Crude Oil’s Biggest Tumble Since March In 3 Charts

Oil’s 5 percent tumble Wednesday, the biggest slide since March, followed government data that showed U.S. crude and fuel stockpiles unexpectedly soaring at a time of year when they normally decline. Here are three charts showing what made oil bulls run scared.
The 172nd Organization Of Petroleum Exporting Countries (OPEC) Conference

Bloomberg: OPEC Deal Extension Isn’t Enough For Oil Traders

Hedge funds trimmed bets on rising crude prices to the lowest level since November as oil futures dipped below $50 a barrel amid scepticism that an OPEC-led campaign to cut output will soon curb a worldwide supply glut. Speculators fled bearish positions for a second week.

Dr Chan: 2 Types of Stocks to Buy when Renminbi Appreciates

Hong Kong’s Nan Fung Development has purchased a commercial site in the Kai Tak district at the price of HK$12,864 per square foot. Last November, Lifestyle International Holdings Ltd (1212.HK) had purchased another Kai Tak site at HK$7.39 billion (only HK$6,733 per square foot). Hence, we can see that the land price of Kai Tak’s commercial site has risen by 91 percent within half a year.

Bloomberg: OPEC Wins Hedge Funds With Jump In Oil Bets

When the Energy Information Administration reports on June 1 and if U.S. stockpiles shrank for another week, oil investors will have a chance to reassess if their frustration following the OPEC meeting was exaggerated.
city development limited

DBS: 5 Stocks You Might Want To Avoid In May

In the previous article, we highlighted three stocks that DBS is optimistic about for the month of May. In this article, we will be highlighting five stocks that DBS Research suggests avoiding holding in May as they have either been fairly priced or are exposed to potential headwinds in their respective sectors.

Bloomberg: OPEC’s Staring Down a Double-Barrel Cut

OPEC is going to have to do much more than just extend its current production deal when it meets next week if it's serious about addressing surplus inventory. In fact, its figures show it needs to double the cut it made in January. That means finding another 1.2 million barrels a day to take out of production.

Oil Prices Not Likely To Keep Falling; Might Climb Soon

Oil prices increased slightly on Monday (8 May 2017) but could not make up for the losses suffered previously, having fallen six percent in the past week. The US’s increasing production is eroding OPEC countries’ effort to prop up oil prices through agreed cuts to production level.