Crude oil tumbled as Iranian talks progress

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy markets were mostly lower on Wednesday as Iranian talks are likely to bring positive results. At the same time, demand may drop amid dismal manufacturing performance worldwide.

Crude oil tumbled below 90 US Dollars per barrel after Iran agreed to allow international inspectors to examine aspects regarding the country's nuclear program.

Brent oil eased down amid strong US Dollar and higher US stockpiles. Moreover, expectation for slowing global demand also weighed on the commodity.

Natural gas was the only gainer after US meteorologists reported that tropical storm is expected to cause short-term supply disruptions.

Heating oil was among the losers as demand may weaken due to moderate temperatures and softening EU consumption.


Back to articles

Actual Topics

Thu, 24 May 2012 17:59:49 GMT

Sugar extended losses as supplies are ample

Agricultural commodities went down despite the fact that weather conditions in the US and Russia may deteriorate thus restricting global supplies.Wheat declined despite reports that hot and dry weather in the US, Russia and Australia may spur the largest fall in world's supplies since 2003.Corn increased for the first time in the last three trading days as unfavorable weather conditions

Thu, 24 May 2012 17:37:48 GMT

Nickel slid on oversupply worries

Industry metals fell on Wednesday as economic instability in the Euro Zone remained the main threat to global expansion.Aluminum declined as many producers started to close down smelters because of low prices.Copper approached more than four-month low after the EU leaders agreed that each member has to get prepared for possible Greece's exit from the Euro Zone.Nickel extended previous losses

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.