Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


03.05.2013 15:40

Oil: an overview of the market situation

The price of oil rose, breaking the mark of $ 104 per barrel, after the better-than-expected growth in the number of jobs in the United States, which has raised the prospects of growth in demand. It is learned that in the past month, the level of employment payrolls, excluding s / z sector increased by 165 thousand compared to the value of the March 88 th and the forecast of 145 thousand Moreover, another report showed that last month the ISM non-manufacturing United States declined from 54.5 to 53.1, disappointing investors who had counted on record in the area 54.0. In March promzakazy in the U.S. fell by 4.0% vs. -2.6%. February's figure was revised up from -3.0% to -1.9%.

Also worth noting is that the rising cost of oil continues to support the decision of the European Central Bank to lower interest rates to record lows to stimulate investor appetite for riskier assets. Analysts said the positive outlook for employment in the United States may be more optimistic for the dollar than for oil.

But despite the positive data on the number of jobs, weak activity in the manufacturing sector in the United States and China are still undermines prospects for oil demand from the top two oil consumers.

The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 95.64 dollars per barrel.

June futures price for North Sea Brent crude oil mixture rose $ 1.75 to $ 104.50 a barrel on the London exchange ICE Futures Europe.

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