UPDATE: Current Ron97 price
It is happened today. As I said in my previous post during weekend.. that I expect our smart government will increase its Ron 97. In my previous analysis I expect world oil price will test 92 per barrel. Just now, it hit that level. I am not pretty sure how much is the oil price when the market close today.. but whatever it is, our Ron 97 has been increased by RM0.10 so the new price is RM2.50 per litre. BerTENANG guys!
World oil price shoot up like a rocket tonight. LOL >,<
We have to face it…
At this moment I don’t know where this spike will ended. Oil price seem to energetic tonight. Below is latest chart. Read my previous post here.
Actually, eventhough its price is increase.. as you can see on the chart it is still more or less at the same price when Ron 97 increased to Rm2.40. Not that much changes, tapi itu pun our government sangat berkira dgn kita…
Anyway, my outlook remains bearish.