Crude oil bearish in pre-Christmas trade

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures moved lower in pre-Christmas Monday trade amid growing likelihood that US lawmakers will not manage to agree on the next year's budget until January 1. Meanwhile, lower trading activity and lack of fundamentals may result in elevated volatility in the next sessions. The EIA weekly inventory report will be released on Friday instead of Wednesday due to Christmas holidays.

Crude and Brent oil retreated on weak demand for riskier assets as investors are cautious ahead of US tax cuts expiration on January 1. Solid greenback as well as eased tensions in the Middle East also weighed on oil futures. However, recent upbeat US figures coupled with an upgrade in global demand forecasts for 2013 capped losses of energy futures.

Natural gas tumbled on warm weather forecasts in the US. MDA Weather expects above-average temperatures in the US Northeast in the period between December 26 and January 7.

Heating oil came under notable selling pressure due to US demand worries. Warmer-than-normal temperatures as well as fiscal cliff concerns cut heating fuel demand prospects in the country.


Back to articles

Actual Topics

Wed, 26 Dec 2012 10:30:32 GMT

Wheat climbs on US weather concerns

Farm commodities except for sugar jumped in holiday-thinned Monday's session despite weak risk-appetite among traders amid US fiscal concerns. Short-covering as well as drier-than-normal weather in Brazil created an upward trend for rural commodities. Wheat climbed on speculation that rains and snow in the US Great Plains will not be sufficient to boost crops that are struggling with drought. However,

Wed, 26 Dec 2012 09:03:55 GMT

Aluminum drops as LME stocks reach record high

Industrial metals tumbled in short Monday's session as market participants shunned riskier assets amid growing uncertainty over US fiscal agreement. Strong US Dollar as well as weak global equities also added pressure on the base metals pack. However, recent positive US data restricted the downswing. Aluminum came under heavy pressure following elevated LME stockpiles. LME inventories surged to a record

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