Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


03.12.2012 16:45

The cost of oil fell sharply after rising during the day

Today, throughout the day, oil prices could rise above $ 112 per barrel, which was caused by signs emerged that the economic growth in China, which is the second-largest oil consumer, is gaining momentum. According to the latest data, the activity in the manufacturing sector in China rose in November, which was the first time in seven quarterly economic slowdown. The value of this index was 50.5 in November, indicating expansion in the sector. Remember, this is the first time in 13 months, when the figure exceeded 50. After these data, investors will be focused on the information on industrial production in China, as well as trade data, which will be released later this month, and will help to obtain confirmation of the likelihood of further sustainable growth.

Also some support oil prices have data from the U.S., which showed that the purchasing managers' index for the manufacturing sector rose in November to 52.8 level, while continuing to increase its in positive territory.

Oil also helps increase the tense situation in the Middle East, which is expressed in the ongoing clashes between Israel and Hamas.

But, despite this, the concern about the budget deficit and talks about the upcoming "financial cliff", checked the growth of oil prices.

January futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 89.21 dollars a barrel on the New York Mercantile Exchange.

January futures price of North Sea petroleum mix of mark Brent dropped 25 cents to 111.05 dollars a barrel on the London Stock Exchange ICE Futures Europe.


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