Natural gas tanks ahead of EIA inventory data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures, excluding heating oil, moved lower on Thursday as demand for riskier assets weakened amid escalated concerns over US fiscal deadlock. Dismal CB consumer confidence figure and weak data from the US housing market added pressure on the commodity group. However, the downswing was limited due to encouraging profits of Chinese industrial firms in November.

Crude oil fell ahead of weekly EIA report on US stockpiles. Experts say that US crude oil inventories may have fallen by 1.6 million barrels last week.

Brent oil retreated amid weak risk sentiment and strong US currency. Mixed US data also pushed the commodity lower.

Natural gas dipped ahead of the US inventory report due on Friday. Analysts expect the EIA data to show a 73-billion-cubic-feet decline in the US inventories. Weather forecasts showing normal weather in the most US territory in the next two weeks also weighed on natural gas futures.

Heating oil was the only gainer ahead of the US inventory report due on Friday. Warmer weather forecasts in the US coupled with strong US Dollar capped gains of the commodity.


Back to articles

Actual Topics

Fri, 28 Dec 2012 10:58:37 GMT

Sugar soared ahead of index funds' portfolio rebalancing

Farm commodities apart from sugar were bearish on Thursday amid broadly stronger US Dollar and weak risk appetite among investors. Profit-taking and light trade volumes also created heavy selling pressure on the commodity sector. Wheat dived to five-month low on signs of vanishing demand for US supplies. US exports for delivery in 12 months that started June 1, were off

Fri, 28 Dec 2012 10:36:37 GMT

Philippine Peso head for the best performance since 2007

The Philippine Peso is poised for the best annual rise since 2007, supported by the fastest economic growth in Southeast Asia and speculation that the country may gain its first investment grade rating. The Peso rose % this year to 41.075 per greenback, according to Tullett Prebon Plc. The currency climbed 0.1% today. 

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.