Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


26.06.2013 16:20

Oil dropped

West Texas Intermediate oil dropped after a government report showed inventories of crude, gasoline and diesel increased last week.

Futures declined as much as 1.7 percent after the Energy Information Administration said that crude supplies rose 18,000 barrels to 394.1 million. The report was projected to show a 1.75 million-barrel decline, according to the median of 12 analyst responses in a survey. Gasoline and diesel inventories added a total of more than 5 million barrels.

Prices rebounded from the day’s lows earlier after data showed that the U.S. economy grew at a slower pace in the first quarter than previously estimated. Gross domestic product expanded at a revised 1.8 percent annualized rate from January through March, down from a prior estimate of 2.4 percent, the Commerce Department said.

WTI crude for August delivery fell 93 cents, or 1 percent, to $94.39 a barrel at 11:09 a.m. on the New York Mercantile Exchange. The contract traded at $95.10 before the release of the EIA report at 10:30 a.m. in Washington. The volume of all futures traded was 26 percent above the 100-day average for this time of day.

Brent oil for August settlement dropped 66 cents, or 0.7 percent, to $100.60 a barrel on the London-based ICE Futures Europe exchange. Volume for all contracts was 24 percent lower than the 100-day average. The European benchmark grade traded at a $6.21 premium to WTI after closing yesterday at $5.94, the lowest since January 2011.

WTI is heading for a decline this quarter amid speculation that the U.S. Federal Reserve will pare stimulus and as China’s economic growth shows signs of slowing. Brent futures are headed for a third quarterly drop.

26.06.2013 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