Crude oil tumbled on demand concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy markets except for natural gas dipped on Tuesday on global demand concerns and sell-off of riskier assets.

Crude oil was top-loser amid high output levels from OPEC and potential demand slump in view of slowing economic expansion in the US and persistent financial woes in the Eurozone.

Brent oil posted losses as negative headlines from the US, China and the Eurozone continued to dampen risk-appetite among market participants.

Natural gas was the only gainer after EIA report indicated that US inventories increased less than expected last week.

Heating oil was lower as demand is likely to slide amid global financial instability.


Back to articles

Actual Topics

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.