Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


28.01.2013 17:20

Oil prices rose after publication of data on the U.S.

Price of oil futures rose, after the reported data showed that orders for durable goods in the U.S. increased, adding optimism that the economic recovery will boost demand for fuel.

Prices rose by 1% after the Commerce Department reported that orders rose in December by 4.6%, compared with a gain of 0.8% in November. Except for the 11.9% strength jump orders for transportation equipment, orders for durable goods rose by a more modest 1.3 per cent in December, compared with a 1.2 percent increase in November. Orders for durable goods excluding defense-products in the U.S. in December rose by 1.2%.

Meanwhile, support for oil prices also had reports of continued fighting in Egypt, which have lasted for five consecutive days, and the data showed that the amount of profits of Chinese industrial enterprises increased, possibly signaling a high demand.

We also recall that, according to information from the Energy Information Administration, oil consumption jumped by 3.9% in the week ended Jan. 18, while reaching 18.6 million barrels a day.

However, despite this positive trend, the oil could not hold its positions, and slightly decreased.

March futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 96.28 dollars a barrel on the New York Mercantile Exchange. Duration of the February futures expire today.

March futures price for North Sea petroleum mix of mark Brent dropped 25 cents to $ 113.08 a barrel on the London Stock Exchange ICE Futures Europe.

28.01.2013 18:20

European stocks close

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