Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


04.09.2013 15:41

Oil fell

West Texas Intermediate crude fell for the third time in four days as the U.S. debated a military strike on Syria and Russia raised objections to intervention, clouding the prospects for an attack.

Futures dropped as much as 1.4 percent. The Senate Foreign Relations Committee is scheduled to vote on a use-of-force resolution today. The international community’s credibility is on the line after Syria used chemical weapons against civilians, U.S. President Barack Obama said at a news conference today in Stockholm, repeating a claim that the Syrian government has denied. The Senate committee is considering a resolution that would give Obama a limited window in which to conduct a military operation. The draft legislation supports the use of force in a “limited and tailored manner against legitimate military targets” during a 60-day period following enactment, with a possible 30-day extension at Obama’s request. It explicitly doesn’t authorize use of ground troops in combat.

Russian President Vladimir Putin said the U.S. Congress has no right to approve military action against Syria.

WTI for October delivery dropped $1.22, or 1.1 percent, to $107.32 a barrel at 9:48 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 13 percent below the 100-day average.

Brent for October settlement slid $1, or 0.9 percent, to $114.68 a barrel on the London-based ICE Futures Europe exchange. The volume of all futures traded was 23 percent above the 100-day average. Brent’s premium to WTI widened to $7.36 a barrel from $7.14 yesterday.

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