Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


10.05.2013 15:40

Oil: an overview of the market situation

Oil prices fell today, dropping below is $ 95 per barrel as the significant strengthening of the dollar has made oil more expensive for traders using other currencies. Note that the recent signs of improvement that have been seen in the employment data in the U.S., have caused speculation that the Federal Reserve may curtail its aggressive monetary policy. Traders are also influenced by comments from Charles Plosser, president of the Philadelphia Fed. Plosser expressed his desire that the Fed has slowed the pace of bond purchases in the near future. Furthermore, he added that the Fed must defend the target rate of inflation, both the top and the bottom border. In his view, the purchase of bonds, the Fed implemented more effective in the fight against deflation.

Recall that at the present time the Fed buys government bonds in the amount of $ 85 billion a month in order to keep long-term interest rates and stimulate borrowing and spending.

Meanwhile, it became known today, the Organization of Petroleum Exporting Countries (OPEC) left forecasts for demand and supply of oil unchanged. OPEC analysts warn of possible negative risks from China and the Eurozone. This is the last forecast before the scheduled meeting of the leadership of OPEC in Vienna, which will be held later in May. OPEC reported a less significant increase in demand in Q1 than in the past. Oil demand in 2013 is expected to rise by 800,000 barrels per day. Economic factors may lead to a revision of the forecast downward. OPEC has repeatedly mentioned the possible risks for the oil market due to the deteriorating situation in the euro zone. Slower growth in oil demand in China may be of particular importance, as the country is expected to be the growth engine for the world market.

The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 93.93 dollars per barrel.

June futures price for North Sea Brent crude oil mixture fell $ 2.27 to $ 102.10 a barrel on the London 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