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Nairaland Forum / Nairaland / General / Business / Oil Price Falls Below Nigeria's new benchmark (23520 Views)
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Re: Oil Price Falls Below Nigeria's new benchmark by saintopus(m): 11:05pm On Dec 01, 2014 |
olajide8: So you consider the continual payment of fuel subsidy as a wise economic policy? Well, it is a bad fimancial strategy when there is economic downturn. |
Re: Oil Price Falls Below Nigeria's new benchmark by Nobody: 8:18am On Dec 02, 2014 |
InvertedHammer: my broker didnt supply such feed, the low on my chart is 67.57, i joined the bulls from there but am selling this morning from 72.40, hoping to take profit at 67.57 before thursday |
Re: Oil Price Falls Below Nigeria's new benchmark by olajide8(m): 11:07am On Dec 02, 2014 |
saintopus:Using the most simple hypothetical example - ask this question honestly, look for personal justifications to back it up sincerely- Have you ever asked, why -when the price of oil was increasing the price of subsidy did not increase, I.e what, was being paid to importers? Now that the price is reducing, idealistically, isn't it supposed to reduce? but the price of petrol is not reducing- at petrol stations? Why? Simple their is really no real subsidy- only profit taking* and price setting- by major players that are ripping us off, another example like govt., privatised power,they are also funding those that bought the power generation and distribution companies- using big jargon's, on the same economics we all studied to justify their positions - 1 Like 2 Shares |
Re: Oil Price Falls Below Nigeria's new benchmark by Nobody: 3:40pm On Dec 02, 2014 |
aguiyi1:first 100pips taken i need to confirm this breakout before selling again what ur take bears are back
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Re: Oil Price Falls Below Nigeria's new benchmark by InvertedHammer: 4:10pm On Dec 02, 2014 |
aguiyi1: / You are trading Brent that's why. Good luck. I don't discuss trading anymore for personal reasons. \ |
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