Crude oil rocketed ahead of the EIA report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Energy futures soared on Tuesday on the US easing speculation and bottom fishing. However, the upswing was capped as refineries in the US Northeast are not expected to return to pre-hurricane production levels soon. Meanwhile, traders also remained focused on the EIA inventory report due on Wednesday.

Crude oil skyrocketed as market turned bullish on the US presidential election day. Meanwhile, market players are looking ahead of the US inventory report due on Wednesday. Experts predict an increase in inventories last week.

Brent oil jumped on hopes that US will take more steps towards additional monetary easing. Moreover, brighter demand prospects from China also lifted the commodity futures.

Natural gas soared as the US is likely to face  colder than normal temperatures in the next few days.

Heating oil climbed, moving in sync with crude and Brent oil ahead of the US inventory data due on Wednesday.



Back to articles

Actual Topics

Wed, 07 Nov 2012 14:19:20 GMT

Wheat surged after the USDA crops condition report

Farm commodities apart from coffee rose as investors were focused on the US elections. Broadly weaker greenback coupled with record low US crop ratings created strong upward pressure on rural commodities.Wheat jumped after the USDA reported that only 39% of the US winter wheat crop was rated in ‘excellent' and ‘good' condition, a record low for this per5iod of the

Wed, 07 Nov 2012 13:57:20 GMT

Aluminum rose ahead of China's leadership change

Base metals rebounded on Tuesday ahead of the US presidential election's results and Chinese Communist Party Congress due later in the week. Investors weighted possibility of more aggressive measures in China after a leadership change. Moreover, hopes that the US will continue to stick to loosening monetary policy spurred rally in the industrial metals' pack.Aluminum climbed on speculation about additional

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.