Energy commodities moved up on falling US fuel inventories

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy commodities excluding natural gas rose after several days of losses on Wednesday, being bolstered by the Fed report that indicated stable growth of the US economy.  Moreover, sharp fall of the US fuel inventories offset a buildup of the crude oil stocks thus pushing energy prices up. However, in case negotiations between Iran and Western economies that started on Sunday reduce geopolitical risk premium for crude and Brent oil, energy commodities are likely to follow bearish trend. At the same time natural gas tested new 10-year low as warm weather  in the US as well as weak demand weighted down on the commodity.


Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.