Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


20.05.2014 15:40

Oil: an overview of the market situation

WTI oil price fell slightly today, but remain near four-week high , due to the expectations of tomorrow's publication of official data on oil and petroleum products in the United States . As for oil Brent, its price has risen slightly .

The American Petroleum Institute will release its report on stocks later today , while a government report , scheduled for tomorrow. Analysts polled by Bloomberg, do not expect a change in oil inventory in the country last week after the index grew in 5 of the last 6 weeks. Experts expect that the stocks at the terminal at Cushing declined once again , to the lowest since December 2008, 23.4 million barrels.

Meanwhile, analysts polled by Reuters suggest that U.S. crude inventories rose 1 million barrels last week to 399.4 million record volume barrels.

Investors remained cautious ahead of the publication of minutes of the last meeting to determine monetary policy the Fed on Wednesday in order to get information about the vision of the central bank's current economic situation .

Also affects the prices of the low volume of production in Libya. Production in Libya remains at 210,000 barrels per day , compared with 1.4 million last year , as production in the fields of El Sharara and El Feel is not resumed within a week after the government reported an agreement with the rebels on opening deposits.

In Libya , OPEC members are the largest oil reserves in Africa, but production in the last three years, broken after the overthrow of former leader Gaddafi due to political instability and attacks on oil facilities .

" Whatever happens in Libya, it does not matter because it can not be worse ," - said General Director of research firm Barratt Bulletin in Sydney Jonathan Barrett .

June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 102.46 a barrel on the New York Mercantile Exchange (NYMEX).

June futures price for North Sea Brent crude oil mixture rose 11 cents to $ 109.49 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