Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


12.09.2012 15:50

Oil prices fell after the report on reserves

Oil futures fell after a government report showed that inventories unexpectedly rose last week.

The Department of Energy said that inventories increased by 1.99 million barrels to 359.1 million level during the seven days that ended on September 7. Many analysts predicted that stocks fell by 2.9 million barrels.

Yesterday the American Petroleum Institute said yesterday that inventories rose by 221,000 barrels last week to the level of 359 million.

Futures also declined after the International Energy Agency said in its monthly report that world stocks have become more stable. It also said that OPEC increased production by 45,000 barrels a day last month to 31.55 million, which is down 450,000 more than required per day in the quarter, and 950,000 a day more in the fourth quarter.

The agency also maintained annual forecasts for deliveries outside of the organization intact. Non-OPEC producers such as Brazil, Canada and Russia will maintain production at 700,000 barrels per day.

According to the agency, the reserves of the oil industry in the developed countries had fallen below their five-year average in July, to the level of 2.7 billion barrels, an increase of approximately one half of the normal amount for the month, which is about 58.3 days of consumption, which is 0.6 days more than a year ago.

October futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now $97,22 per barrel.

October futures price of North Sea Brent crude oil mix is ​​now $115,91 a barrel on the ICE Futures Europe Exchange.

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 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.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page