Heating oil rose despite demand concerns from the US refineries

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
Energy futures except for natural gas moved higher despite broadly stronger US Dollar and escalated uncertainty ahead of looming presidential elections in the US. Capping the upswing, demand for oil futures is expected to slow down as refineries in the US Northeast remained closed after Hurricane Sandy.

Crude oil added almost 1% despite mounting demand uncertainty. Experts claim that US refineries are not likely to restart normal output soon.

Brent oil rallied despite fading demand and supply side support. Economic slowdown in Asia and the eurozone weights on consumption prospects while increasing production in Saudi Arabia adds pressure from the supply side.

Natural gas was flat as traders remained on the sidelines ahead of the US presidential elections. Meanwhile, worries over slowing demand from the US Northeast are likely to weight on the commodity in the following sessions.

Heating oil climbed ahead of the US elections due on Tuesday. Lower US inventories were supportive for the commodity.


Back to articles

Actual Topics

Tue, 06 Nov 2012 14:42:19 GMT

Coffee plunged on potential increase in global supplies

Agricultural commodities excluding wheat plunged on Monday as traders turned their attention to the presidential elections in the US. Meanwhile, anticipation of the USDA crop progress reports that was due after Monday's close also pressured farm commodities.Wheat was the only gainer as US winter crop deteriorated last week amid dry weather and abnormally high temperatures in the US top-planting regions.Corn

Tue, 06 Nov 2012 14:20:17 GMT

Zinc slid ahead of the US elections

Industrial metals plunged on Monday as investors focused on the US presidential elections due on Tuesday. Moreover, weaker-than-expected data from the US and UK services sectors weighted down on the market sentiment. Investors were also cautious as Greece is set to vote on new round of austerity measures to secure the next tranche of the bailout.Aluminum retreated on mounting uncertainty

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.