Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


07.11.2014 16:41

Oil: an overview of the market situation

Oil futures rose today, restoring previously lost ground, as the data on the US labor market, reported an increase in employment of more than 200 million, improved the prospects of demand for fuel. Nevertheless, by the end of this week the price is still showing a negative trend.

Restrain the growth of yesterday's statements by the President of the European Central Bank, Mario Draghi, who noted that in a short time the bank will purchase the securities, and pointed to the implementation of innovative measures to support in the future.

Market participants are also watching developments in Libya, as local officials said they hope to soon resume work on the south field El Shararah after the country resolve the conflict between the local tribes after the attack militants who on Wednesday closed the place of production .

"The direction of the market will depend on the decision of OPEC production at a meeting on November 27. Chance of production cuts of 30-40%, "- said the director of the analysis of commodity markets, Societe Generale Singapore Mark Keenan. Add OPEC predicts the decline of its share of the global oil market by 5% by 2018 due to rapid growth of shale oil in the US. The Secretary General of the cartel, Abdullah al-Badri expressed confidence that prices will rise in the coming year.

Meanwhile, experts The Wall Street Journal citing representatives of the organization said that OPEC is likely to take action to stop the decline in oil prices, as soon as its price drops to $ 70 per barrel. Some members of OPEC, which was composed of 12 members met informally this week, ahead of a full meeting of the organization on November 27. This meeting took place against the backdrop of the severe decline in oil prices, at least for four years. Prices have fallen by more than 25% compared with summer rates, which leads to conversations that OPEC countries agreed to reduce the production ceiling to support prices. Especially because some of the group members are growing concerns about a possible attack on their budget.

The cost of December futures on US light crude oil WTI (Light Sweet Crude Oil) rose to $ 78.85 a barrel on the New York Mercantile Exchange (NYMEX).

December futures price for North Sea petroleum mix of mark Brent rose $ 0.81 to $ 83.59 a barrel on the London exchange ICE Futures Europe.

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page