Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


27.11.2012 16:40

Oil fell for a second day

 

Oil fell for a second day as U.S. crude inventories were forecast to increase and on concern that a deal for Greece to buy back its bonds may falter.

Prices dropped as much as 1 percent as oil supplies probably grew 350,000 barrels last week, according to analysts surveyed by Bloomberg before an Energy Department report tomorrow. If the Greek emergency aid package agreed to by European finance ministers falls through, it could hold up disbursements of bailout funds to the nation.

In the latest bid to keep the 17-nation euro intact, European finance ministers eased the terms on emergency aid for Greece.

The finance chiefs cut the rates on bailout loans, suspended interest payments for a decade, gave Greece more time to repay and engineered a bond buyback. The country was also cleared to receive a 34.4 billion-euro ($44.7 billion) loan installment in December.

Oil also followed declines in U.S. stocks amid the ongoing budget debate in Washington and concern about the so-called fiscal cliff. Congress returns from the Thanksgiving recess this week, seeking a budget deal to avoid $607 billion of automatic tax increases and spending cuts from kicking in next year.

Crude for January delivery fell to $86.83 a barrel on the New York Mercantile Exchange. Prices are down 12 percent this year.

Brent for January settlement slid $1.31, or 1.2 percent, to $109.61 a barrel on the London-based ICE Futures Europe exchange.



 

27.11.2012 16:20

Gold fell

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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