Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



26.02.2013 16:40

Prices of oil futures fell to $ 113

The cost of oil has decreased, while leaving to the $ 113 per barrel, and reached the one-month low, as the inconclusive results of Italian elections have revived concerns among investors about the instability in the euro zone and weak growth in demand for fuel. Note that the results confirmed the fears that Italian politicians are not able to form a government that would be strong enough to carry out effective reforms that immediately rekindled memories of the financial crisis, which kept the eurozone on the brink of collapse in 2011.

Economists note that the uncertainty in Rome, along with problems in the United States, as well as weak manufacturing data from China, concerns about the global economic outlook, which may ultimately contribute to the growth of oil prices this year.

In addition, investor attention is also focused on the negotiations between the major powers and Iran over Tehran's nuclear program. Note that world powers will have to offer Iran facilitating the restrictive sanctions if the country agrees to halt its nuclear projects. Few believe that the meeting will provide an immediate breakthrough, however, the reduction of tension can affect the price of oil.

In addition, note that the prices could come under even more pressure, as presented data tomorrow may show that crude oil inventories in the U.S. rose again, that will be the sixth increase in a row.

April futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 92.52 dollars a barrel on the New York Mercantile Exchange.

April futures price for North Sea petroleum mix of mark Brent fell 23 cents and is now $ 113.15 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