Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

25.04.2013 15:40

Oil: an overview of the market situation

Oil prices rose, with rising above the level of $ 102 per barrel, which was backed up by an early weakening the dollar, while the discount for U.S. crude oil, Brent crude fell below $ 10, the first time since June 2012. Economists note that U.S. crude futures were trading at a discount to Brent wide due to a large supply of stores in key Cushing (Oklahoma). But the pipeline is now taking more oil to the U.S. Gulf Coast, easing the supply pressure at Cushing. Meanwhile, experts have pointed out that the weak dollar makes commodities evaluation in dollars more affordable for buyers using other currencies. However, they say little doubt returning to the market after the price increase late Wednesday that followed a weekly report on U.S. crude stocks. Also on the dynamics of trade have influenced the data, which were published today by the Bank of Korea, and showed that the South Korean economy has grown substantially in the first quarter, while showing the most rapid expansion over the past two years, despite the continued depreciation of the Japanese yen, which hurts the export sector of the country. According to the report, the seasonally adjusted gross domestic product grew in the first quarter to 0.9 percent, which is significantly higher than the increase of 0.3 percent, which was recorded in the fourth quarter of 2012. Note that such a significant increase was slightly above the average forecast of experts at the level of 0.7 percent expansion. In addition, it was reported that it was the fastest rate of growth since the first quarter of 2011, when GDP expanded by 1.3 percent.

Analysts and traders said the technical picture remains "bearish", pointing to weak growth in global demand and abundant supplies from the North Sea, the Middle East and North Africa.

The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 92.07 dollars per barrel, the lowest intraday level since Dec. 19.

June futures price for North Sea Brent crude oil mixture rose $ 0.62 to $ 102.47 a barrel on the London exchange ICE Futures Europe.

Market Focus

  • Euro Area trade balance surplus declined significantly in August
  • Consumer prices in China were up 1.6 percent on year in September,
  • US consumer sentiment surged in early October, reaching its highest level since the start of 2004 says UoM
  • Earnings Season in U.S.: Major Reports of the Week
November 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 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
Request a callback
Top Page