Crude oil advanced after encouraging US data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Energy futures except for natural gas moved higher on Thursday amid positive signals from the US economy. US durable goods soared in September while jobless claims fell last week. However, a boost was partly offset by slower than expected increase in pending home sales and a buildup in the US crude oil inventories last week.

Crude oil eased up on bullish data from the US. However, a recent increase in the US crude oil inventories capped gains of the commodity.

Brent oil gained a footing after encouraging US data. The commodity also continued to seek support on escalated tensions in the Middle East.

Natural gas plummeted to three-week low after the EIA report indicated that natural gas storage jumped by 67 billion cubic feet last week. US inventories stood above the five-year average last week.

Heating oil moved in tandem with crude and Brent oil, jumping by 0.75%. Heating oil was also lifted by falling US inventories.


Back to articles

Actual Topics

Fri, 26 Oct 2012 08:10:10 GMT

German GfK consumer climate rises in October

German consumer confidence increased despite pessimistic forecasts in October, the data showed on Friday. The GfK Institute's consumer climate index soared to 6.3 points for November, compared to an upwardly revised 6.1 points in the preceding month. It was a second consecutive advance for the indicator.The survey of about 2,000 people revealed income expectations rising noticeably, while consumers' willingness to

Fri, 26 Oct 2012 08:42:49 GMT

Aluminum tumbled on global supply glut

Industrial metals dropped on Thursday amid mixed data from the US. US durable goods orders soared 9.9% in September while unemployment claims eased down last week. At the same time, pending home sales rose much slower than expected in September. Sending the commodity group lower, uncertainty over Spain continued to dampen demand for risker assets.Aluminum remained in the negative territory

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.