Brent oil slides as North Sea pipeline resumes operations

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures were mixed on Friday amid upbeat labour figures from the US and rising China's exports. However, worries over situation in Italy coupled with strong US Dollar and larger-than-expected increase in the US crude oil inventories put notable pressure on the commodity sector.

Crude oil finished in green, being supported by hopes that recovery of the US economy will result in an increase in oil consumption. At the same time, US stockpiles rose 3.8 million barrels in the week ended February 24, compared to a forecast of a 0.9-million-barrel increase.

Brent oil moved lower as the North Sea pipeline resumed its operations after a five-day stop. Moreover, speculation that Saudi Arabia may increase its output pushed the commodity lower.

Natural gas was the top performer, attaining a six-week high as weather forecasts continued to show colder-than-normal temperatures in the most of the Eastern part of the US in the next six-to-ten days.

Heating oil declined despite a potential increase in near-term demand due to cold temperatures in the US.
Back to articles

Actual Topics

Mon, 11 Mar 2013 09:02:38 GMT

EUR/USD is slighly changed at 1.30

After the U.S. non-farm employment data last Friday the major currency pair decreased heavily, making a new low at 1.2954.

Mon, 11 Mar 2013 10:33:05 GMT

Copper declined after weak China's imports data

Industrial metals apart from nickel moved lower on Friday despite positive US numbers. The jobless rate in the US dropped to a five-year low of 7.7% in February. At the same time, high LME stocks and solid greenback weighed on the commodity group. Aluminum sagged 0.71% despite reports that China may have increased its buying for state stockpiles. Meanwhile, the lightweight

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.