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  • Weakened Oil Market Data Release Approaching Baker Hughes

    Friday, June 12th, 2015

    The exchange value of the dollar turned lower after US economic data was not able to give a boost to strengthen oil prices. Crude oil is denominated in US Dollar will typically get a boost in the strengthening of the exchange rate decline in the Greenback. Dollar exchange rate lower would make crude cheaper for holders of other currencies.

    Crude oil markets worried about a potential flood of global crude oil supplies were already abundant. Saudi Arabia to discuss will provide additional supplies of crude oil with its Indian consumers and this means that exporters of the Middle East will add a record production in the month of May to reach 10.3 million barrels per day. Replenishment of inventory in the market has reached a saturation point may depress the price of crude oil is now only 45% of the highest price achieved a year ago.

    Investors are increasingly nervous about approaching the release of the data the US drilling activity of the company Baker Hughes. Data weekly number of active rigs in the US is expected to provide clues amount of crude inventories further. Now the number of active rigs in the US are in the lows level since August 2016 and up to the last week the number of active rigs declined for 26 consecutive weeks.

    Until at 22:42 pm, the price of crude oil was at $ 59.91 a barrel approaching daily lows $ 59.71, with daily highs $ 60.60

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    • Weaker oil in Early Week, Burdened Outlook Excess Supply

      Monday, June 15, 2015

      US crude oil prices opened lower in early trading this week with a further decline after falling for two consecutive days on Thursday and Friday due to high global production imbangi stronger refining demand.

      Analysts of one of the banks in New Zealand on Monday said that currently there are points momentum for commodity markets will be weaker in the short term. Oil prices failed to survive in the key resistance level last week, although consumption remains high due to refinery margins healthy.

      Saudi Arabia, the largest oil producer in the world, gave instructions last week that they were ready to Raise production above the current record high levels to meet demand, if it is necessary.

      For the price of WTI oil futures, this morning moved down 16 cents to $ 59.80 per barrel

      Comment


      • WTI Oil Price Rises, Boosted By NHC Hurricane Warning Report

        Tuesday, June 16th, 2015

        Crude oil prices rose after an initial warning on Tuesday, boosted by a warning that tropical storm heading coast state of Texas is an oil producer.

        US National Hurricane Center (US National Hurricane Center) issued a tropical storm warning on Tuesday morning at 09.00 am for the Texas coast from Baffin Bay region up to High Island.

        NHC said that based on estimates of the central tracker, diperkiaran the storm will reach the warning area along the coast of Texas on Tuesday morning and move inland from the southern to central Texas on Tuesday afternoon or evening, they also added that it is expected there will be strong winds, rain and some flood area.

        WTI Crude oil futures rose about half the range of $ 60 dollars per barrel in the afternoon, although the contract is still in the trend channel $ 57 - $ 62 per barrel which is tempatntya since early May. Brent oil rose 22 cents to $ 64.17 per barrel.

        Comment


        • WTI Oil Prices Steady Ahead Of EIA Report

          Wednesday, June 17, 2015

          US crude oil prices stable movement in trading Wednesday as US output is expected to peak in the near future and analysts see another decline in reserves.

          JP Morgan said in a weekly note on the oil that US production has posted new highs this week, but he also added that "we expect that US crude oil production will start to fall gradually starting this month, combined with strong demand data that may will produce a tight balance in 2015.

          Analysts of one of the banks in New Zealand said that investors are now shifting their focus to the EIA report, which might indicate another strong decline in reserves.

          US crude oil is estimated to have dropped as much as 1.7 million barrels last week, beradasarkan Reuters poll of analysts. Gasoline stocks expected to fall 300,000 barrels.

          US crude oil is currently trading at the range of $ 60.05 a barrel at 10:37 pm, almost unchanged from the last closing price and the trend channel $ 57 - $ 62 per barrel that has been in place since the beginning of May.

          Comment


          • Oil Crop Weakening Of Inventory Data

            Thursday, June 18, 2015

            WTI crude oil fell on Wednesday, but managed to cut the attenuation caused by data showing a rise in inventories in the oil shipping hub in Cushing Oklahoma.

            Energy Information Administration (EIA) reported that crude inventories fell 2.7 million barrels in the week ended June 12. The drop was larger than analysts expected 1.7 million barrels, but fewer than report the American Petroleum Institute (API) days earlier which showed a decline of 2.9 million barrels. US oil inventories have dropped in seven consecutive weeks. EIA also reported gasoline inventories rose by 460,000 barrels, while analysts forecast a decline of 314,000 barrels, and the API reported a 2.7 million barrel decline.

            Oil managed to cut weaker after the dollar weakened following the decision of the US Federal Reserve maintain its monetary policy, and indicate the rate of increase in interest rates will be slower than previous poyeksi.

            WTI crude oil on Tuesday, closed at $ 59.77 per barrel, the highest level and the lowest $ 61.38 $ 58.85

            Comment


            • Oil Rise to Highest Level One Week

              Friday, June 19th, 2015

              WTI crude oil rose on Thursday and rose to the highest level in a week, supported by a weaker dollar and a drop in US oil inventories in seven consecutive weeks. The dollar fell to a one-month low after the Federal Reserve disappointed the market is hoping for clarity mengenaikan time of rising interest rates.

              Data released on Wednesday by the Energy Information Administration showed oil inventories fell 2.7 million barrels last pkenal, be the decline in seven weeks in a row. Domestic production also decreased, but inventories at Cushing Oklahoma, the delivery hub oil futures rose for the first time in the last five weeks, and gasoline inventories are also reported increases.

              Yet analysts still warn of the risk of price declines due to the global oil output is still high. Additionally on the terms of the data reported by EIA on Wednesday, analysts memperkitakan increase oil consumption is not likely to last long.

              WTI crude oil on Thursday closed at $ 60.45 per barrel, with a $ 60.89 daily highs and lows $ 59.25.

              Comment


              • Oil Weakens More Than 1%

                Monday, June 22, 2015

                Oil fell more than 1% on Friday, market participants predict Saudi Arabia's oil production will increase, while anxiety over energy demand continues to haunt amid protracted negotiations the Greek crisis and Iran's nuclear program.

                Platts survey earlier this month showed output from OPEC in May rose to 31.11 million barrels per day, largely triggered by the increase in the production of Saudi Arabia is 10.15 million barrels per day. Total production of the cartel exceed the limit established itself as much as 30 million barrels per day.

                Market participants are also awaiting news of Iran's nuclear discussions ended 30 June. Iran will be able to export more crude if an agreement is reached, and the potential to increase global oil supplies.

                Meanwhile the company Baker Hughes reported that the number of rigs operating in the US back is reduced as much as 4 to 631 last week. In the same period last year, the number of rigs in operation as much as 1,545.

                WTI crude oil trading on Friday closed at $ 59.37 per barrel, with daily highs $ 60.56, and the lowest was $ 58.88.

                Comment


                • Risk sentiment Appetite Inter Oil Market Higher

                  Tuesday, June 23, 2015

                  Crude oil prices ended higher as investor optimism oil inventories in the US will back down in the eighth week and the Greek debt negotiations impasse will end. US crude inventories have been reduced to 23 million barrels during the week ending seven on June 12. Decline in eight consecutive weeks will mark the longest series of reductions since January 2008. Oil investors await the release of official data from the US on Wednesday, after Genscape reported nearly 2 million barrel decline in inventories at the center of the US oil shipments, Cushing.

                  While the sentiment risk appetite improved after Greece's international creditors more confident a deal will materialize in the near future after the latest proposals Greece considered more comprehensively. The waning shades of uncertainty makes investors more confident to invest in riskier assets such as oil and stock markets.

                  WTI crude trading ends at the level of $ 60.23 per barrel, near daily highs at $ 60.60 to $ 59.25 daily lows.

                  Comment


                  • API: US Crude Oil Reserves Fall 3.2 Million Barrels

                    Wednesday, June 24, 2015

                    American Petroleum Institute on Tuesday night reported that crude supplies fell as much as 3.2 million barrels the week for the period ending June 19, according to sources. Analysts surveyed by Platss expected to decline 2.3 million barrels. WTI oil prices in August contract was at $ 61.14 in electronic trading this morning, up slightly from $ 61.01, the closing level on the Nymex. Investors currently menantika crude oil inventory report from the Energy Information Administration at 21:30 pm tonight.

                    Comment


                    • Increased Production, Oil Prices Fall

                      Thursday, June 25, 2015

                      Crude oil prices ended lower after a report covering oil products report a decline in US crude inventories for eight consecutive weeks. Crude oil prices ended at the level of $ 60.14 per barrel, with a $ 61.54 daily highs and daily lows $ 59.78.

                      Energy Information Administration (EIA) reported a drop of 4.9 million barrels of crude oil inventories for the week ended June 19. Higher than the market forecast a reduction of 2.3 million barrels and the American Petroleum Institute (API) reported a 3.2 million drop in crude inventories in the US for the same period. However, the crude oil market reacted negatively to the inventory data. Meanwhile, US oil production, excluding Alaska, rose 76,000 be 9.19 million barrels per day. Total US oil production rose from 9.6 million barrels per day. The consistency of this signaling increased production of crude oil price outlook is still likely bearish

                      Comment


                      • Rise in US gasoline reserves are still Tap Oil Prices

                        Friday, June 26th, 2015

                        US crude oil futures prices fell moderately in the Asian trading session on Friday, pressured by fears of oversupply by the US refined petroleum products and the impact of oil demand against the risk of a Greek exit from the Euro zone.

                        US petrol reserves of oil rose as much as 680,000 barrels last week, more than twice as much as forecast in a Reuters survey, while the distilled oil reserves jumped 1.8 million barrels, the data shown by the US Energy Information Administration on Wednesday.

                        US crude prices for the contract in August fell 7 cents to $ 59.63 a barrel at 10:04 GMT, after ending the session down 57 cents.

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