Brent oil edged higher on weak greenback, China's data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures except for heating oil were bullish on Thursday amid improved outlook on energy demand after the data indicated larger-than-expected trade surplus in China last month. Soft greenback also spurred the rally. However, weak US labour market data erased some gains of energy futures.
 
Crude oil reached a four-month high after a release of the robust Chinese trade figures. However, larger-than-expected increase in the US crude oil inventories last week restricted an upward trend of the commodity.

Brent oil inched up amid weaker US dollar and strong China's trade data. At the same time, eased geopolitical tensions in the Middle East continued to weigh on the Brent oil.

Natural gas was sharply higher after the EIA report indicated that natural gas stockpiles dropped more than expected last week. US stocks fell by 201 billion cubic feet versus a forecast of a 186-billion-cubic-feet drop.

Heating oil was the only loser as updated weather forecasts show mild weather in the most US territory in the next ten days. Limiting losses, US inventories stood 44.2% below the five-year average last week.


Back to articles

Actual Topics

Fri, 11 Jan 2013 10:08:04 GMT

Corn advances on falling US inventories

Farm commodities, excluding wheat, jumped on Thursday, tracking gains of other risk assets after stronger-than-expected Chinese trade data. Farm commodities also found support on soft greenback. Meanwhile, investors continued to await closely-watched USDA global supply report due on Friday. Wheat was the only loser on speculation that the USDA may announce that winter seeding soared to a nine-year high between

Fri, 11 Jan 2013 09:17:05 GMT

Copper jumps after upbeat China's trade numbers

Base metals apart from nickel moved higher, being supported by broadly weaker US Dollar. Moreover, demand for riskier assets improved after upbeat China's trade numbers. A surge in exports of 14.1% year on year helped China's trade surplus to widen in December. However, weak US data  capped industrial metals' gains.Aluminum was the top-performer amid weak US Dollar and encouraging Chinese

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.