Brent oil climbed on weak US Dollar, geopolitical tensions

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures apart from crude oil moved higher on Thursday amid broadly weaker US Dollar and optimism over continuation of Fed's growth-boosting measures. At the same time, gains were capped by weak US data suggesting the recovery of the world's top economy is slowing down.

Crude oil was the only loser after the data showed larger-than-expected increase in jobless claims last week. Adding pressure on the commodity, the EIA report indicated US crude oil stockpiles soared more-than-expected last week.

Brent oil posted a mild gain amid weaker greenback and hopes the Fed's measures will revive US economy thus boosting energy demand. Brent oil also continued to draw strength from geopolitical tensions between Libya and Algeria.

Natural gas climbed despite bearish EIA report. US natural gas inventories tumbled by 194 billion cubic feet last week, compared to a forecast of a 202-billion-cubic-feet decline. Warm weather forecasts also weighed on natural gas.

Heating oil continued to rise on concerns over low US stockpiles. The latest EIA report showed distillate fuel stocks slumped by 2.3 million barrels last week and stood more than 40% below the average range for the current period of the year.
Back to articles

Actual Topics

Fri, 01 Feb 2013 13:39:04 GMT

Corn edged up despite better weather in Argentina

Farm commodities were mixed on Thursday amid weak risk appetite after dismal data from the US and Japan. Signs of soft demand for US exports and improving weather conditions in Argentina also pressurized the commodity complex. Wheat was the top-loser after the USDA report signaled US export sales tumbled 40% in the week ended January 24 compared to the previous

Fri, 01 Feb 2013 14:50:06 GMT

Gold falls ahead U.S. job data

Spot gold price edged lower by 0.2% to $1.660.45 an ounce in Singapore trading session on Friday. Gold price extended the longest streak of monthly losses in last nine months, as the price decreased by 0.7% in January. Investors traded precious metal with negative sentiments ahead a U.S. jobless report, which according to expectations, should indicate an improvement of unemployment

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.