Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


23.05.2014 15:40

Oil: an overview of the market situation

The price of oil rose moderately today , which was due to the tense situation in Ukraine before the presidential elections scheduled for May 25.

As it became known , the Ukrainian army on Thursday lost more than a dozen soldiers in battle with pro-Russian separatists.

We also add that the oil market continues today technical correction waiting for news that could give the market movement . Little influenced by the U.S. data , which showed that sales of newly built homes rose in April , becoming the latest sign of the revival of the housing market after the winter stagnation. New home sales rose 6.4% from March to a seasonally adjusted annual rate of 433,000 . Value for March was revised to increase to 407,000 . Economists forecast that monthly sales will grow by 426,000 in April.

However, today is characterized by low trading activity of market participants , which is partly due to the strengthening of the U.S. dollar on the FOREX. Low activity on the oil futures market today is also due to the upcoming three-day weekend in the U.S. and the lack of trading on the NYMEX April 26 in connection with a federal holiday on Memorial Day.

Dynamics is also dictated by the situation in Libya . Note that the protesters in Libya occupied the head office of the company, managing the oil port of Brega - the only one of the ports on the east of the country , which continued to work during the nine-month opposition factions vying for power . On Wednesday, the country's oil production was about 230,000 barrels , compared with 1.4 million barrels per day last year.

Support for WTI crude oil continues to have a decrease in energy reserves in the United States . U.S. crude inventories declined for the last week to 391.3 million barrels - the lowest level in six months.

The cost of the July futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 104.36 per barrel on the New York Mercantile Exchange (NYMEX).

July futures price for North Sea Brent crude oil mixture rose 6 cents to $ 110.42 a barrel on the London exchange ICE Futures Europe.

Market Focus

May 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

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