Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


07.10.2013 15:40

Oil: an overview of the market situation

Oil prices traded mixed , while demonstrating little change . Note that earlier today the price of Brent crude oil fell more than 1 percent , having fallen while below $ 108 per barrel , as oil production in the Gulf of Mexico resumed, while concerns about the "shut down " the U.S. government's clouded prospects for demand.

Note that Tropical Storm Karen has meant that many miners were forced to close the oil for nearly two -thirds of its platforms in the Gulf of Mexico last week. But after a Saturday level of risk has been lowered , many platforms have begun to resume their work.

As for the budget negotiations, which many economists are increasingly worried that it might hinder the country to raise the borrowing limit until October 17 , which increases the possibility of a sovereign default . Note that House Speaker John Boehner said the Republican-led House will not vote for raising the U.S. debt ceiling , if the agreement does not include other provisions .

Boehner said that the country could default if Obama does not come to an agreement. But he said he did not want of default .

The Obama administration has said it will not negotiate with Republicans to finance the government or raise the debt ceiling , arguing that these issues are part of the core functions of Congress and should not be used as leverage .

Obama said in an interview with Associated Press, that the Congress is likely to agree to raise the nation's debt ceiling to 16.7 trillion . dollars , " while " in order to avoid default.

The cost of the November futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 103.33 a barrel on the New York Mercantile Exchange.

November futures price for North Sea Brent crude oil mixture rose 25 cents to $ 109.45 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