Natural gas slid ahead of EIA weekly report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures apart from crude oil retreated on Wednesday despite bullish EIA report and positive US data. However, talks that Iran may agree to cease its uranium production by 20% in exchange of easing sanctions on oil exports sent the commodity group lower.

Crude oil was the only gainer after the EIA report showed a smaller-than-expected increase in the US crude oil storage. Inventories added 1.1 million barrels last week, compared to expectations of a 2.4-million-barrel jump.

Brent oil declined as sanctions on Iranian oil exports may be eased. Political discussions are planned to be resumed in Almaty on April 5 to April 6. At the same time, better-than-expected US numbers limited the downswing.

Natural gas dropped ahead of the EIA supply report due on Thursday. Analysts predict US supplies might have fallen 165 billion cubic feet last week, compared to a drop of 127 billion cubic feet in the preceding week.

Heating oil was bearish after the EIA data indicated a 600,000-barrel jump in the US stockpiles last week. Exerts expected a decline of 1.7 million barrels.
Back to articles

Actual Topics

Thu, 28 Feb 2013 10:36:04 GMT

Sugar rose as weather threatens loading at Brazilian ports

Farm commodities except for coffee rallied on Wednesday on speculation that a recent slump in prices will attract buyers. Moreover, talks that China's grain stocks are at low level provided additional support for wheat and corn futures. Wheat climbed for the second session in a row on hopes lower prices will attract livestock producers. However, gains were capped as weather

Thu, 28 Feb 2013 09:52:10 GMT

Nickel climbs despite oversupply concerns

Industrial metals were mixed on Wednesday amid soft greenback and upbeat US numbers. US core durable goods orders jumped 1.9% in January, while pending home sales surged 4.5% last month, compared to a forecast of a 1.5% gain. At the same time, rising global supply glut weighed on base metals. Aluminum dived amid elevated LME stockpiles. Inventories at the LME remained

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.