Crude declines for a fourth straight day

Source: Bloomberg
The price of crude oil diminished for a fourth consecutive day as Ali-al-Naimi, Oil Minister of Saudi Arabian announced OPEC needs a larger output quota. Moreover US allowed more exemptions from oil embargo from Iran. July crude fell by USD 1.63 to USD 81.07 a barrel. Brent Oil to be delivered in July dropped USD 0.25 to USD 97.75 a barrel.
Back to articles

Actual Topics

Tue, 12 Jun 2012 07:23:38 GMT

Loonie depreciates on renewed worries about Italy

Canadian currency declined from a nearly three-week record high versus its US peer on worries Italy may face same banking system problems as Spain. Loonie gained after Spain requested bailout but retreated when Italian and Spanish yields surged. Canadian Dollar dropped 0.5% to CAD 1.0317. Currently USD/CAD is trading at  CAD 1.0299.

Tue, 12 Jun 2012 06:54:37 GMT

Aussie and Kiwi recovers from decline on Tuesday

The New Zealand and Australian Dollars rebounded from previous losses on speculation recent drop was excessive. Moreover private research showed Australian home value accelerated last month. Aussie soared 0.4% versus its US peer to USD 0.9900 while Kiwi gained 0.3% to USD 0.7714. Currently AUD/USD is trading at USD 0.9899 and NZD/USD is trading at USD 0.7715.

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.