Energy commodities fell amit easing tensions regarding Iran

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopu Bank

Energy commodities continued to tumble on Friday with Dow Jones-UBS Energy Index falling by 0.56. Crude oil erased gains occurred in the beginning of the week and closed on Friday with 2.8% decrease. Crude oil mainly was impacted by easing tensions between Iran and Western economies, by raising US energy stock levels and by credits cuts in the Euro Zone.  Meanwhile, hedge funds increased net long positions on Nymex crude oil over the week anticipating price increase. Crude oil trades in a narrow range near $100/bbl fluctuating on the tensions regarding Iran and concerns over global economic stability.

 

Back to articles

Actual Topics

Mon, 16 Jan 2012 16:49:21 GMT

Aluminium faced stronger relations with base metals, S&P 500 and EUR/USD

Aluminium continues to face strong correlation with zinc while interrelation with copper tumbled from 0.69 to 0.58 over the week as copper tended to generate stronger response to economic data from China. Meanwhile, alumimium correspondence to price moves of nickel remains almost unchanged at 0.68. Aluminium connection to Standard Poor's SP 500 (SPX) edged up to 0.64 on Friday as

Mon, 16 Jan 2012 16:48:25 GMT

Sugar faced improved interralations with other agricultural commodities

Sugar faced sharp decline in the correlation with other agriculture commodities and the pair EUR/USD in the beginning of the year as sugar price was growing on China's plans to increase its sugar stockpiles. At the same time, link with wheat, coffee and corn improved this week after mass fall in the commodity group prices caused by the US crop

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.