Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


10.04.2015 15:40

Oil: а review of the market situation

Oil prices rose moderately, entrenched above $ 57 (Brent) and $ 51 (WTI), which is associated with the weakening of concerns about the fact that the Interim Agreement on Iran's nuclear program will lead to a rapid increase in oil supplies.

Recall, Iran's Supreme Leader Ali Khamenei demanded that all sanctions against his country were canceled on the same day is reached final agreement on Iran's nuclear program, but the United States is planning a gradual easing of sanctions. "If an agreement is reached and then will not soon, so Iranian oil will return to the market is not as fast as we expected two weeks ago," - said the chief strategist at CMC Markets Michael McCarthy.

Meanwhile, Commerzbank analyst Eugen Weinberg said: "If judged solely on the price of oil, the market is not convinced that the deal with Iran will be held, and its exports will recover. If Iran is not ready to negotiate without the lifting of sanctions, there will be no agreement ". It should be emphasized, according to brokers and officials from Iran holds 7 million to 35 million barrels of oil in storage to direct them for export, as soon as the nuclear deal will be concluded.

Support prices also have recent statements Saudi Oil Minister Ali al-Naimi. He said that the kingdom is ready to increase oil prices. But only if the same thing will make the rest of the exporting country. "The Kingdom is ready to bring stability to the market and increase the price of oil, but on condition of participation in the major exporting countries and importers, as well as under the condition that it will be based on clear principles and have a high level of transparency" - said al-Naimi .

Pressure oil continues to report the US government, which showed that crude oil inventories rose by nearly 11 million barrels last week, registering the biggest gain in 14 years.

May futures for US light crude oil WTI (Light Sweet Crude Oil) rose to 51.39 dollars per barrel on the New York Mercantile Exchange.

May futures price for North Sea petroleum mix of Brent increased by $ 0.78 to 57.58 dollars a barrel on the London Stock Exchange ICE Futures Europe.

Market Focus

January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

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