Brent oil climbs on Bernanke comments, Cyprus deal

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures were mixed on Monday amid optimism over Cyprus bailout deal and Ben Bernanke comments. Ben Bernanke defended continuing of loose monetary policies of the Fed, stating that these measures are aiding economic recovery. Meanwhile, market players stared to anticipate the EIA supply reports due on Wednesday and Thursday.

Crude oil traded near a one-week high as news that Cyprus reached bailout deal boosted demand for riskier assets. Meanwhile, experts predict a 1.5-million increase in the US crude oil inventories last week compared to an unexpected drop of 1.3 million barrels in the preceding week.

Brent oil moved in tandem with crude oil, advancing 0.47%. However, solid greenback and signs of rising global output weighed on Brent oil futures.

Natural gas was the top-loser despite colder-than-normal weather forecasts in the eastern part of the US. The commodity remained under heavy pressure after the EIA report showed natural gas storage dropped less-than-expected last week.

Heating oil extended previous losses as US inventories declined only 700,000 barrels last week compared to a forecast of a 1.5-million-barrel drop.
Back to articles

Actual Topics

Tue, 26 Mar 2013 08:56:01 GMT

GBP/USD slides to the weekly PP

The Cable maintains correlation with other greenback peers and slightly depreciated to the weekly pivot point level at 1.5177. The pair is still firmly positioned in the upper part of Bollinger band, but movement there demonstrates low volatility and absence of desire to breach upper levels.

Tue, 26 Mar 2013 11:52:07 GMT

Slovenia's industrial output falls in January

Slovenian industrial output dropped in the month of January mainly due to an annual 17.6% fall of mining and quarrying output and a 2.5% decrease in manufacturing production, a report released by the Statistical Office of the Republic of Slovenia showed on Monday. Year-on-year, industrial production tumbled 1.8% in January and it slipped 0.2% on a sequential basis in the

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.