Crude oil inched up after OPEC meeting

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy commodities except for natural gas moved higher on Friday as investors anticipated elections in Greece. Moreover, results from the recent OPEC meeting continued to affect traders' mood.

Crude oil was marginally higher amid hopes for the third round of quantitative easing in the US. OPEC's decision to keep output level unchanged for the second half of 2012 also supported the upward trend.

Brent oil rose on speculation that central banks in the EU and US will inject more liquidity to boost sluggish economic recovery.

Natural gas was the only loser as investors started to cash out from the market after significant price increase caused by lower than expected buildup in US natural gas inventories.

Heating oil was top-gainer, following rising Brent and crude oil prices.


Back to articles

Actual Topics

Mon, 18 Jun 2012 14:49:24 GMT

Corn tumbled as demand for US crops weakened

Agricultural commodities balanced between gains and losses on Friday amid broadly lower greenback and better weather conditions in the EU.Wheat dropped as demand for US crops deteriorated. Harvest conditions in France improved after recent rains while Iraq bought about 250,000 MT of wheat primarily from Russia, Australia and Canada.Corn posted the largest weekly fall on speculation that strong demand for

Mon, 18 Jun 2012 14:26:55 GMT

Aluminum fell on weak demand

Industry metals apart from aluminum rose despite weak industry data from the US. US factory production shank last month and consumer confidence data missed expectations.Aluminum was the only loser as global economic instability and weak demand continued to force aluminum producers to reduce output capacity.Copper rose despite more negative outlook on the metal's prices as money managers increased bearish cooper

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.