Heating oil climbs as US stockpiles decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures rallied on Friday as a recent decline in prices spurred bargain- hunting. However, solid greenback and escalated worries over the health of the Eurozone's banking sector continued to push the commodity group lower.

Crude and Brent oil bounced off as market players were seeking cheap valuations after prices sagged to a seven-week low. At the same time, a surge in the US crude oil stockpiles last week restricted an upward trend. The EIA reported US inventories jumped 4.1 million barrels last week, compared to a forecast of a 1.9-million-barrel increase.

Natural gas soared after the updated weather forecasts called for abnormally cold temperatures in the US in the next several weeks. The commodity also continued to draw strength from a larger-than-expected withdrawal last week. US natural gas stocks slumped 127 billion cubic feet last week, while experts predicted a decline of 119 billion cubic feet.

Heating oil moved higher after the latest EIA report showed that US distillate fuel inventories dropped more than expected last week. US stockpiles dipped 2.3 million barrels, compared to expectations of a 1.4-million-barrel fall.
Back to articles

Actual Topics

Mon, 25 Feb 2013 10:35:09 GMT

Coffee jumps amid strikes in Santos, spreading leaf rust

Farm commodities were mixed on Friday, with softs advancing and grains sliding. Pushing the commodity group higher, port workers began a strike in Brazil, stopping a loading of sugar and corn onto boats in Santos. However, improving weather conditions in the US Great Plains as well as bearish USDA report put heavy selling pressure on grains. Wheat plunged on hopes that

Mon, 25 Feb 2013 09:51:08 GMT

Won falls as Yen declines

The South Korean Won declined as the Yen's fall boosted concern Korea will take steps to weaken the nation's currency to support exporters. The Won weakened 0.2% to 1,086.36 per U.S. Dollar in Seoul, with one-month implied volatility, rising 17 basis points to 7.44%. Korea's currency climbed as much as 1% versus Japan's peer to 11.52 per yen. 

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.