IMF: oil price to surge in case of supply disruptions

Source: BBC
The IMF warned of 20-30% jump in the oil price if Iran oil exports are impacted. The sanctions imposed by the EU on Iran are equivalent to oil blockade, so the market may face similar shock to Libya's revolution in 2011. In case Iran blocks the Straits of Hormuz the shock can be much larger. Currently, the oil stocks of the largest oil consumers are lower than average while oil exporters curbed ability to boost oil supplies, the IMF added.


Back to articles

Actual Topics

Thu, 26 Jan 2012 09:51:23 GMT

South Korea's economic expansion impacted by the EU woes

South Korea's economy expanded less than expected in the Q4 of 2011 due to weak demand caused by global economic slowdown. The GDP grew by 0.4% in Q4 as compared to 0.8% increase in Q3, the central bank reported. Considering yearly changes, the GDP expanded by 3.4% in Q4. The Bank of Korea added that slowing exports create difficulties to

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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.