Crude oil climbed after US officials reached fiscal agreement

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures apart from natural gas moved higher, being boosted by long-awaited deal on the US budget for 2013. Better-than-expected final manufacturing PMI figures from the US and UK also were supportive for the commodity group.

Crude oil shot up after the US Congress approved fiscal reforms to avert so-called fiscal cliff. Capping gains, US crude oil stockpiles dropped 0.6 million barrels in the week ended December 23 versus expectations of a 1.6-million-barrel decline.

Brent oil ended Wednesday's trade in the positive area as optimism over the US fiscal deal improved demand prospects for the commodity. However, solid greenback limited an upward trend.

Natural gas was the only loser, reaching a three-month low amid warmer-than-normal weather forecasts in the most parts of the US. Furthermore, slightly smaller-than-predicted fall in the US stocks pushed the commodity lower.

Heating oil advanced despite warm weather forecasts in the most US territory. Heating oil managed to inch up 0.83% tracking crude and Brent oils' strength and optimism over the US fiscal agreement.


Back to articles

Actual Topics

Thu, 03 Jan 2013 09:37:26 GMT

U.S. equities inch higher as budget deal averts "fiscal cliff"

U.S. blue chips rallied on Wednesday, as a budget deal was reached to halt the so-called "fiscal cliff" effect with automatic tax increases and spending cuts that would push the world's biggest economy into recession. The Dow Jones Industrial Average added 2.4% to 13,412.55 with all 30 stocks in the index edging higher. Investors' confidence was also boosted up by

Thu, 03 Jan 2013 08:51:56 GMT

Aluminum soared on US optimism

Industrial metals soared in the first trading session of 2013 as a deal on the US fiscal plan prompted a rally of risky assets. Base metals also were boosted by positive PMI releases from the US and Europe.  Final manufacturing PMI in the UK climbed from 49.2 to 51.4 in December while final US manufacturing PMI was revised upward from

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.