Heating oil slumps on normal US weather forecasts

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures were bearish on weak appetite for riskier assets amid fading hopes that US officials will agree on the budget before January 1.  Solid greenback also pressurized the commodity group. However, recent positive US data readings as well as lower US inventories limited the downswing.

Crude oil tumbled on worries over the US budget impasse. Solid US Dollar and uncertainty over demand from the Eurozone also weighed on crude oil futures.

Brent oil moved lower, retreating for the second consecutive session amid US demand concerns. US budget dispute may push the country into recession thus weighting on energy demand prospects.

Natural gas dropped after touching a two-week high in the previous session on larger-than-expected withdrawal last week. On Friday, market participants focused on weather forecasts that suggested normal temperatures to remain on the most US territory next week.

Heating oil moved in sync with crude and Brent oil, sliding 1.15%. Normal weather in the following days put a heavy pressure on the commodity.


Back to articles

Actual Topics

Mon, 24 Dec 2012 14:00:28 GMT

US equities closed lower on fiscal worries

US stocks ended pre-holiday week in the red territory as risk sentiment was dampened by mounting concerns over the US fiscal impasse. Negative figures from the Eurozone also pushed US stocks lower. However, positive US data releases limited losses of US shares. The S&P 500 Index dipped 0.94% to close at 1,430.15. All sectors within the index tumbled. The top-losers

Mon, 24 Dec 2012 12:24:32 GMT

Zinc rebounds but elevated LME stocks cap gains

Base metals except for nickel moved higher on Friday as a recent slump in prices provoked short-covering among market players. Positive US data releases also were supportive for industrial metals. However, persistent pressure from concerns over the next year's US budget continued to weight on the commodity group. Aluminum rebounded from previous lows despite elevated  LME inventories. LME stocks climbed

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال