Crude oil surges on optimism over Cyprus bank deal

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures were mixed on Friday amid weaker US Dollar and hopes for an agreement on Cyprus bailout. Furthermore, a recent Fed's decision to stick to its current monetary policy lifted energy futures. At the same time, disappointing readings of the Eurozone's flash PMI data limited gains.

Crude oil climbed as eased worries over Cyprus bailout deal bolstered demand for growth-sensitive commodities. Moreover, an unexpected drop in the US crude oil inventories last week supported the commodity futures.

Brent oil was bullish on soft greenback and strong crude oil prices. Moreover, hopes for resolution of Cyprus bailout issue were supportive for Brent oil prices.

Natural gas finished the week below its 18-month high despite strong fundamentals. Weather forecasting models continued to call for colder-than-normal temperatures in the most US territory in the beginning of spring.

Heating oil declined as US stockpiles dropped less-than-expected last week. According to the latest EIA report, US distillate fuel storage declined 700,000 barrels last week compared to forecasts of a 1.5-million-barrel drop.
Back to articles

Actual Topics

Mon, 25 Mar 2013 07:51:06 GMT

Wheat inches up as snow delays early planting in the US

Farm commodities were divided on Friday on speculation that shipping delays from Brazil will increase demand for US supplies. Moreover, abnormal weather conditions in Argentina and in the US Great Plains added to gains of grain futures. Wheat rose on concerns that snow and wet weather in the key growing states in the US are delaying spring planting. However, the

Mon, 25 Mar 2013 09:21:06 GMT

Gold drops as Cyprus bailout concerns ease

Precious metals were mixed on Friday amid easing concerns over Cyprus bailout. Cypriot President Nicos Anastasiades has approached the EU leaders with the new plan on the bailout that would only tax deposits over EUR100,000. At the same time, weaker US Dollar coupled with expectations of robust physical demand in India supported the commodity sector. Gold declined as easing worries over

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.