Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities

12.03.2015 16:40

Oil: а review of the market situation

Futures for WTI crude oil fell by about 2%, dropping at the same time below $ 48 per barrel, which was associated with the publication of weak statistics on the US. Meanwhile, the price of Brent crude fell by more than 1%, approaching to the level of $ 57 per barrel

One report showed that retail sales in the US fell the third consecutive month in February, which was partly due to the bad weather in various parts of the country. But it is also a sign of continuing caution among American households, despite the improvement in the labor market and lower gasoline prices. Sales in retail stores and restaurants decreased by 0.6% last month and amounted to a seasonally adjusted $ 437 billion., Said the Ministry of Commerce. Retail sales fell 0.8% in January and 0.9% in December. Economists had expected overall sales will grow by 0.5% in February. Compared with a year earlier retail sales rose 1.7% in February.

Meanwhile, the Labor Department said import prices rose 0.4% in February from January, said on Thursday. Economists had forecast an increase of 0.2%. Compared with the previous year, prices fell by 9.4%. This marked the biggest decline compared to last year from September 2009. Import prices declined along with the sharp fall in oil prices. Oil prices fell to $ 100 a barrel last summer to below $ 50 a barrel by the end of January. Prices generally stabilized since then. Petroleum import prices rose 8.1% in February compared with the previous month, but decreased by 43.2% from February 2014. With the exception of oil, import prices fell by 0.4% compared to the previous month and fell by 1.8% compared with a year earlier. Meanwhile, prices of goods exported from the United States fell 0.1% in February from January, and decreased by 5.9% per annum.

Negative data reduced the optimism about the strength of economic recovery and forced investors to reduce expectations for a rate hike in the United States.

Investors will also continue to assess yesterday's data on stocks of petroleum products in the United States. Recall the week 28 February to 6 March crude oil reserves rose by 4.5 million barrels to 448.9 million barrels, while experts had expected growth to 4.8 million. Barrels. Commercial oil reserves in the US, according to figures remain at historical highs over the past 80 years. Oil reserves in Cushing terminal rose by 2.3 million barrels to 51.5 million barrels. Stocks has exceeded 50 million barrels for the first time on 31 May 2013.

April futures price for US light crude oil WTI (Light Sweet Crude Oil) dropped to 47.47 dollars per barrel on the New York Mercantile Exchange.

April futures price for North Sea Brent crude oil mix fell $ 0.71 to 57.07 dollars a barrel on the London Stock Exchange ICE Futures Europe.

Market Focus

  • U.S.: Industrial Production (MoM), September 0.1% (forecast 0.2%)
  • Britain can't get full single market access with free movement concessions - Merkel
  • Earnings Season in U.S.. Major Reports of the Week
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
October 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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

  • © 2011-2016 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:

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