Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


17.04.2013 16:40

Oil dropped

West Texas Intermediate oil tumbled for the fourth time in five days as U.S. production rose to the highest level in two decades last week and U.S. equities fell.

Prices dropped as much as 2.2 percent after the Energy Information Administration said output climbed to 7.2 million barrels a day, the most since July 1992, and gasoline and diesel demand decreased. Crude output gained 0.4 percent in the week ended April 12, the EIA, the Energy Department’s statistical arm, reported. Gasoline consumption dropped for a second week to 8.38 million barrels a day. Demand for distillate fuels, including diesel and heating oil, tumbled 5.9 percent to 3.63 million barrels a day.

Crude stockpiles decreased 1.23 million barrels to 387.6 million last week, the EIA said. They were at the highest level since July 1990 in the prior week. Analysts had forecast a gain of 1.2 million. Imports of crude slumped 3.7 percent to 7.43 million barrels a day, a third consecutive decline.

Oil extended losses as the Standard & Poor’s 500 Index slid a day after the biggest rally in three months and the dollar strengthened against the euro.

BNP Paribas reduced its 2013 forecasts for Brent and WTI to reflect the price drop in the first quarter. It trimmed its 2013 Brent estimate to $108 a barrel from $115 and WTI to $95 from $100, while advising investors to bet on a rebound in the second half of the year.

WTI for May delivery fell to $86.06 a barrel on the New York Mercantile Exchange.

Brent for June settlement slipped $1.99, or 2 percent, to $97.92 a barrel on the London-based ICE Futures Europe exchange. The contract touched $97.85, the lowest intraday level since July 11. 

17.04.2013 17:20

European stocks close

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