Oil declines as Chinese demand eases

Note: This section contains information in English only.
Source: Bloomberg
Crude oil price dropped from the three-day record high after crude demand from China fell to the lowest figure in 5 months. Oil to be delivered in June lost USD 0.74 to USD 103.14 per barrel while June Brent oil fell 0.4% or USD 0.46 to USD 118.30 per barrel. According to Bloomberg estimates, Chinese oil demand weakened to 9.51 million barrels per day in March.
Back to articles

Actual Topics

Mon, 23 Apr 2012 10:14:24 GMT

China HSBC PMI showed contraction in April

Chinese production activity continued to fall in April, reported HSBC on Monday. The HSBC's preliminary figure of China's PMI soared to 49.1 in April from 48.3 in March. Although the activity has increased compared to March, it still is below 50, indicating contraction. Hongbin Qu, HSBC China chief economist claimed that better reading signals the previous State easing measures start to work. He also added,

Mon, 23 Apr 2012 09:52:25 GMT

Euro Area debt reaches record high in 2011

Euro Region debt climbed last year reaching the record high since the introduction of shared currency as governments boosted borrowing in order to restrict national deficits and finance bailouts. The total debt of 17 countries surged to 87.2% of GDP in 2011 compared to 85.3% of GDP in 2010. Greece was leading debtor with 165.3% of GDP whereas Estonia possessed the least

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.