Crude oil jumps as flow through Seaway pipeline is set to rise

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures except for heating oil ended Tuesday's session in the positive area ahead of the EIA report due on Thursday. The commodity group found support on upbeat reading of German investor confidence indicator. However, increased caution ahead of FOMC minutes due on Wednesday and solid greenback cut gains of the commodity complex.

Crude and Brent oil traded higher after Enterprise Products Partners announced that supplies through Seaway pipeline will jump thus reducing a glut in the Midwest. Limiting the upswing, experts predict US crude oil inventories may have increased 1.9 million barrels last week, compared to a 0.6-million-barrel jump in the preceding week.

Natural gas shot up on colder weather forecasts in the US. MDA Federal said earlier that the temperatures in the most US territory may drop below normal level in the next five days. Meanwhile, analysts expect the upcoming EIA report to show a 119-billion-cubic-feet drop in the US natural gas storage.

Heating oil was the only loser despite colder weather forecasts and low inventory levels in the US.
Back to articles

Actual Topics

Wed, 20 Feb 2013 11:12:05 GMT

Wheat declines on improved weather in US Great Plains

Rural commodities, excluding sugar, were bearish on Tuesday amid broadly stronger US Dollar and improved weather conditions in the US Great Plains. At the same time, a record number of net short positions in coffee and sugar created an upside potential for softs. Wheat dipped after MDA reported that rains over the weekend in the US Great Plains was above expectations,

Wed, 20 Feb 2013 11:56:04 GMT

Asian stocks rise on positive global outlook

Asian shares advanced for a third consecutive day, with the regional benchmark index expanding an 18-month high, on signs that the world's economy is recovering. The MSCI Asia Pacific Index gained 0.9% to 135.30 at 2:02 p.m. in Tokyo following yesterday's close at the highest level since August 2011.Japan's Nikkei 225 Stock Average added 0.8% even after a record trade

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.