Brent oil retreated after FOMC meeting minutes

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures apart from natural gas retreated on Wednesday after the FOMC meeting minutes showed that the Fed may stop its easing measures. Meanwhile, market players continued to anticipate the EIA inventory report due on Thursday.

Crude oil slumped the most in three months after the American Petroleum Institute reported US stocks rose 2.96 million barrels last week, reaching the highest level since December. At the same time, experts predict the EIA report to show a 1.9-million-barrel increase in the US inventories last week.

Brent oil closed in the negative territory on concerns that the end of the Fed's bond-buying program will weigh on energy demand of the world's top consumer. However, persistent tensions in the Middle East limited losses.

Natural gas was the only gainer, drawing strength from colder weather forecasts in the US. Meanwhile, analysts say the upcoming EIA report may show a 119-billion-cubic-feet drop in the US stockpiles.

Heating oil moved lower after the data released by the American Petroleum Institute indicated that US distillate fuel stockpiles declined 1.64 million barrels last week.
Back to articles

Actual Topics

Thu, 21 Feb 2013 08:55:14 GMT

Corn bounced off amid Argentina's crop concerns

Farm commodities advanced on Wednesday despite weak demand for risky assets after FOMC meeting minutes' release. Broadly stronger US Dollar also failed to send rural commodities lower. The commodity group gained momentum on speculation China may increase its purchases after the Lunar New Year holidays. Wheat climbed amid global output concerns. Wheat output in Texas is expected to drop below

Thu, 21 Feb 2013 08:11:03 GMT

Copper dives on potential housing curbs in China

Industrial metals followed bearish trend on Wednesday amid worries that the Fed may halt its growth-boosting activities. Stronger greenback coupled with weaker-than-expected data from the US housing market also contributed to the decline. Moreover, subdued buying from China pushed the commodity complex deeper into the red territory. Aluminum declined amid weak US data and worries that the Fed may end its

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.