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Commodity News (Oil)
 
Interference due to the UN World, Oil Up 1%
 
Tuesday, March 22, 2011
 
World crude oil prices in the U.S. rose 1% on illegal trade on Monday (22 / 3). Markets worry about the UN intervention in Libya will spread to other OPEC member countries so that disrupt world oil supplies.
 
Brent crude rose U.S. $ 0.67 (0.59%) to U.S. $ 114.6 per barrel for delivery in May Brent oil prices touched U.S. $ 116.2 per barrel. For crude sweet crude rose U.S. $ 0.15 (0.15%) to 102.48 per barrel for April delivery.
 
In trading on Friday last week the two types of crude oil failed to achieve the increase. Because the market worried about the nuclear crisis in Japan that has spread to many cities.
 
Despite Monday's trading volume is stronger but still well below average. This trend continued last week that still show the uncertainty of the market and declining investor interest.
 
"The key is to Saudi Arabia and Iran to stay level-headed so that win situation. It's important for now but if things get worse, you see a premium in the Middle East is rapidly changing," said Jonathan Barratt, Managing Director Comodity Broking Services.

Crude oil surge by $ 2/Bbl After Libya Air Strikes
 
Monday, March 21, 2011 14:59
 
Crude futures surged as much as $ 2 per barrel during morning trading in Asia after the UN sanctions air strikes pounded the Libyan air defenses during the weekend, prompting fears that a prolonged conflict could cause oil supply disruptions.
 
"Production Libya likely will be offline for some time, and the last UN action would only alter the view that if they resulted in regime change - and that certainly would be a bearish development," said analysts at JPMorgan Chase & Co. in a note to investors.
 
Libya exported about 1.2 million barrels per day of crude oil and natural gas last year, consists of more than 5% of imports for the Organization for Economic Cooperation and Development, according to the International Energy Agency.
 
On the New York Mercantile Exchange, light, sweet crude futures for April delivery traded at $ 103.05 a barrel at 0722 GMT, up $ 1.98 in the Globex electronic session and a session high of $ 103.35 per barrel. May Brent crude on London's ICE Futures exchange rose $ 1.79 to $ 115.72 per barrel.
 
Ongoing political unrest in Yemen, Bahrain and Syria on the weekend continued to rattle investors' fears of supply issues, adding to bullish oil price.
 
"For now, we remain comfortable with our projected base case prices ease throughout the second quarter averaged $ 105 per barrel, but the possibility that long-term security risk may have increased, and that the (Organization of Petroleum Exporting Countries) still have way to go to prevent the tightening of supply in the second half of this year, "said JPMorgan analyst.
 
Libyan crude oil production is at its minimum, only provide a few refineries in the country, an analyst at Eurasia Group said in a note. Regardless of which side wins the conflict, the possibility of oil exports will be offline for an extended period, either because of international sanctions or the logistics to get exports to world markets, they said.
 
"It seems that Libya has the price of supply disruptions, but the response 'scorched earth' of the Gadaffi may cause interference Mediterranean boat trip," analysts led by Stephen Schork said in a note.
 
Nymex reformulation blendstock for April - the benchmark gasoline contract - rose 536 points to $ 3.0030 a gallon, while April heating oil traded at $ 3.0674, 431 points higher.
 
ICE for April was changing hands at $ 980.00 per metric ton, up $ 7.75 from the settlement Friday.

Oil
 
Crude Oil Back Positive After Down to $ 97
Thursday, March 17, 2011 14:53
 
Crude futures recovered from a sharp drop below $ 97 per barrel Thursday and returned to positive path, after Japan's largest utility said it hoped to restore power to nuclear power Fukushima Daiichi affected by the earthquake in a few hours.
 
Feedback Tokyo Electric Power Co. '(9501.TO) close to reactor coolant at risk krisis help calm the market, previously confused with the statement that top U.S. officials responsible for the regulation of nuclear power which signals the possibility of atomic krisis worse than previously thought .
 
On the New York Mercantile Exchange, light, sweet crude futures for delivery in April was trading at $ 98.60 a barrel at 6:58 PM local time, up $ 0.62 on the Globex electronic session.
 
That represents a major recovery after the offense level of support for $ 97 within the first hour of trading pushed the major liquidation of ownership, driving the front month contract to an intraday low $ 96.60 a barrel at 22:53 GMT local time.
 
Oil Brent crude on London's ICE Futures exchange for May rose $ 0.70 to $ 111.30 per barrel, after earlier hitting an intraday low $ 109.45.
 
The oil market was watching developments in Japan as the country's third largest oil user after the United States and China, consumed about 4.4 million barrels of crude a day.
 
Traders sell crude oil futures in recent days, given the lack of clarity about how big the impact of the earthquake and tsunami last Friday for an economic slowdown in Japan and for how long.
 
"The reaction from the oil market to the Japanese earthquake excessive, in our view, given the increasing demand for oil due to the potential permanent loss of nuclear capacity far exceeds the short-term negative impact on demand," said Amrita Sen, an oil analyst at Barclays Capital.
 
Petroleum Association of Japan said Thursday that the processing of crude oil in the country is expected to recover to 3.4 million barrels per day by the end of the month, from 2.7 million barrels per day immediately after the quake.
 
Which has allowed the traders to measure the output lost at 600,000 barrels per day, although Japan may will require additional volumes of fuel to digunakan dalam power to ensure thermal coal supply while the damaged and nuclear power plants offline.
 
The PAJ said it had canceled 650 000 kiloleters exports of oil products after the earthquake, and that it also may need to import 450 000 kiloleters at the end of the month to help close the gap in domestic supply.
 
Refiners in South Korea are among those hiking exports to Japan. S-Oil Corp. (010950.SE) said Thursday it plans to supply 2.4 million barrels of oil products to the Japanese refining industry. Japan has also formally asked Indonesia to send additional liquefied natural gas and crude oil.
 
Support for the oil price is also from the Middle East and North Africa. Bahraini security forces to crack down on protesters on Wednesday to expel them from the center of the capital Manama, and imposed a curfew in many towns, as the island kingdom effort that seeks to end the demonstrations weekly.
 
Libya has intensified between the rebels and the approach of the ruling regime. Moammar Gadhafi troops attacked the last major town held by rebels in western Libya and expand the area of ​​rebels near the eastern capital of Benghazi, because the government gained momentum in its efforts to reassert control.
 
However, this is not a view that makes the sale of oil-corrected excess.
 
This is a sign of how the commodity markets continued to nervously, oil fell sharply after Gregory Jaczko, chairman of the Nuclear Regulatory Commission, said the pool of fuel in reaktor fourth nuclear power plant in Fukushima Daiichi in Japan have lost all or most of the water and the radiation level is "very high. "
 
Given the risks, Jaczko said the U.S. would recommend "larger radius" for the evacuation of the Japanese.
 
Jim Ritterbusch, president of advisory firm Ritterbusch & Associates oil trade, believes that the decline in oil futures still has some way to go, perhaps to $ 95/bbl, as global equity markets fell following the bad news continues to flow out of Japan.
 
Dow Jones Industrial Average closed 242.12 points lower on Wednesday, or 2.04%. In Asia on Thursday, the Nikkei Stock Average fell 2.2%, Australia's S & P / ASX 200 flat, and South Korea's Kospi Composite down 0.7%.
 
Nymex reformulated gasoline blendstock for April - the benchmark gasoline contract - rose 72 points to $ 2.8509 a gallon, while April heating oil traded at $ 3.0100, 128 points higher.
 
ICE gasoil for May switch to $ 958.50 per metric ton, down $ 0.50 from the position Wednesday.

News and Review of European Economic Zone (France)
 
Confidence levels in the French Factory Drop to Lowest Level 13 Months
Wednesday, August 27, 2014
 
The level of confidence in the French factories fell to its lowest level in 13 months in August, adding that the signs that the economy may be struggling to grow after stagnating in the first half.
 
Manufacturing sentiment index slipped to 96, it was the lowest level since July 2013, from 97 in the previous month, the statistics bureau reported by INSEE France on this day in Paris. These results are in accordance with the median estimate in a Bloomberg survey. In a separate report showed business confidence index also fell.
 
The latest evidence of the economic downturn came in the middle of France French president Francois Hollande agree with the radical changes in government savings. Economic failed to expand in the last two quarters and a survey last week showed manufacturing contracted for a fourth month in August.
 
"The political turmoil in France has become a bad sign for the economy that is struggling in the short term," said Jennifer McKeown, an economist at Capital Economics in London, said in a note before the data is published. "In addition, cracks in the government will reduce the trust public are already limited in the ability of the government to restore the economy into its path.

Oil Weekly Decline In Line On Weak Demand
 
Friday, August 15, 2014
 
West Texas Intermediate oil to the decline in four weeks, it will be a decrease in the longest streak since November, on signs of slowing demand. Brent oil traded near its lowest level in 13 months as a threat to oil supplies in Iraq subsided.
 
Oil futures were little changed in New York and London. US Energy Information Administration and the International Energy Agency cut its Paris-based estimates of global demand in 2014 this week. Iraqi Prime Minister Nouri al-Maliki said yesterday that he agreed to leave his office and gave him a clear path for his successor to lead the government. WTI oil will probably fall further in the coming months, on show in a Bloomberg survey.
 
"Report of the EIA and the IEA confirms what is already expected by the market, the short-term outlook where growth still continues to grow but supply not balanced by growth in demand," said Ole Sloth Hansen, an analyst at Saxo Bank A / S in Copenhagen. "If not because of geopolitical concerns, oil prices would be lower than current levels."
 
WTI oil for September move in the range of $ 95.43 per barrel in electronic trading on the New York Mercantile Exchange, down by 15 cents, at 16.30 pm, and preparing ffor a weekly decline of 2.3%. The contract yesterday slipped by $ 2.01 into $ 95.58, it is the lowest settlement level since January 21.
 
Brent oil for October settlement about 9 cents higher at $ 102.16 a barrel on the ICE Futures Europe exchange in London, prepares for a weekly decline of 2.7%. September contract ended yesterday after falling as much as 2.2% to $ 102.01 per barrel, it is the lowest settlement level since the date of June 26, 2013.

News and Review of European Economic Zone (UK)
 
BoE Will Not Raise Interest Rates In Near Time
Friday, January 24, 2014
 
BoE Governor , Mark Carney , the Bank of England express will not only depend on the unemployment rate as the benchmark interest rate . Comments BoE 's target of Carney can sinyalkan forward guidance may be waived only six months since adopted . Leaders BoE said the UK economy is quite different when compared to lau . However, the BoE 's Carney also reiterated that the central bank does not plan to raise interest rates in the near future .
 
The BoE has adopted a forward guidance since Mark Carney served as head of the Bank of England in mid-2013 . Even at the BoE meeting in January, the Bank of England still says it will not raise interest rates until the unemployment rate falls below 7 % and inflation exceeds 2.5 % . Meanwhile , recent data showed UK unemployment rate continued its decline to reach 7.1 % for the month of December.
 
Meanwhile , sterling was trading near its strongest level 2 years in the early Asian session . GBP / USD is now trading 1.6625 ; are not so far from daily highs 1.6637

News and Review of European Economic Zone (Italy)
 
Italian Industrial Orders Jumped in November
Monday, January 20, 2014
 
Italian industrial orders recorded a sharp rise in November, as domestic firms ignore the ongoing credit crisis. Orders jumped 2.3% from October, according to the national statistics agency Istat reported on Monday.
 
Details of the Istat report showed domestic orders rose 4.1%, while foreign orders dropped 0.4% in November.
 
Although still volatile, with the increase in November managed to offset the decline in October, the latest data indicates a rebound of investment by Italian companies in the domestic economy is still contracting.
 
At the annual level, Italian industrial orders grew 3.0% in November from the same month in 2012 with domestic orders increased 5.5%. While foreign orders recorded a decrease of 0.5%.

News and Review of European Economic Zone (UK)
 
UK House Prices Rise To Highest Level 5 years
Friday, August 2, 2013
 
Data from Nationalwide Building Society showed house prices in the UK for the month of July rose to the highest level in the last 5 years, and a rise in the 10 instead of straight. The data showed house prices rose 0.8% in July, from June, and home prices in July rose 3.9% higher than a year earlier. While economists predict home prices rose 0.4% in July, and up 3% from the previous year.
 
According to Robert Gardner, Chief Economist Nationalwide, rising house prices caused by increasing buyer confidence following the economic recovery combined with the support of government for funding and loan purchase scheme, which helps the availability of credit, and at the same time the inventory is still quite limited. The survey is in line with the level peniongkatan lending in the housing market, which is likely to foster concerns about the high price of homes in the UK.

News and Review of European Economic Zone
 
Eurozone Consumer Confidence Continues Improving
Wednesday, July 24, 2013
 
Consumer pessimism over the outlook for the Euro zone continues to decrease, a development that could boost spending and help moderate the 17-nation economic bloc to get out of the longest post-war contraction phase.
 
European Commission data on Tuesday showed consumer confidence in the euro bloc rose to -17.4 in June from -18.8 in the previous month. Rise for 8th month in a row that also bring consumer confidence to its highest level since August 2011. Nevertheless, the level is still far below the historical average since 1990 recorded at -13.3.
 
The level of consumer confidence is relatively low indicating that consumer spending will still moderate growth. Although on the other hand it does not diminish any hope of a recovery.
 
Throughout the first quarter since the contraction began in late 2011, consumers look to reduce spending in the first three months of this year. There are even indications that they may have increased spending on the 2nd quarter, with retail sales recorded an increase of 1.0% in May from April.

Middle East turmoil Support Oil
 
Tuesday, July 2, 2013
 
Oil extended gains in early London session as widespread concerns over the Middle East, the largest oil-producing region in the world. Demonstrations in Turkey and Egypt are still continuing. Syrian rebels threaten to occupy two villages who still support President Assad. Car explosion killed 22 people in Muqdadiy, 6 people in Baghdad and Kabul, Afghanistan. Investors are worried that the turmoil could spread to other areas in the Middle East and disrupt political stability in the region. Nymex oil is now trading $ 98.20; away from daily lows $ 97.75
 
Egyptian situation is worrying after the military gave a deadline of 48 hours to the President to immediately end Mursi demonstrations. This may be a signal that there is a military coup, but the military Mursi ignore the ultimatum. Mursi declaration confirms military will only add to the confusion as he will continue to emphasize reconciliation efforts. Protesters want to step down as President Mursi Mursi bersitegas but he is still worthy of being the leader of Egypt.

News and Review of European Economic Zone
 
OMT program ECB Just To Keep Euro
Tuesday, June 11, 2013
 
Outright Monetary Transaction program (OMT) ECB only to sustain the euro, according to ECB President Mario Draghi. Draghi's comments seemed aimed at defusing German concerns over bond-buying program (OMT) before the commencement of the hearing the German Constitutional Court on the OMT program. The program has succeeded in calming the markets, but has caused kegelisihan in Germany which is the largest shareholder in the ECB.
 
"If there is a crisis of confidence in the euro that could threaten financial stability and is not supported by fundamentals, then we will be ready to intervene," said Mario Draghi when interviewed by ZDF German news agency. "However, we will not intervene to guarantee the debt of a country that could not be responsible." German Supreme Court will conduct hearings with various stakeholders on Tuesday and Wednesday to assess whether the OMT program violated German law. Analysts expect the German Constitutional Court probably will not give a final decision on Wednesday but will defer to Germany completed national elections on 22 September.
 
Meanwhile, the euro rose in Asian session. EUR / USD is now trading 1.3268, try to stay away from daily lows 1.3246

News and Review of European Economic Zone (Germany)
 
German Business Confidence Decline Sharply in March
Friday, March 22, 2013
 
German business confidence unexpectedly fell from its highest level in 10-months in March as reviving the Cyprus crisis in the euro area debt crisis.
 
Ifo institute in Munich said its business climate index, based on a 7000 survey of executives, dropped to 106.7 from 107.4 in February. This is the first decline in five months sbeelumnya. Economists had expected there would be an increase in the level of 107.8 in February, according to the median estimate of 42 economists in a Bloomberg News survey.
 
With the European Central Bank threatens to cut off emergency fund for banks Cyprus unless they agree to the terms of the EU aid package, this time in the Mediterranean countries has sparked fears in the euro zone and make the financial market turmoil. However, the level of investor confidence in Germany unexpectedly rose to its highest level in three years this month and the Bundesbank said that the recovery in the country is still on track.
 
"So far, only Cyprus that pose a potential threat to German companies," said Andreas Scheuerle, an economist at Dekabank in Frankfurt. "But, once the financial markets begin mempertayakan ability of Europe to overcome the problem, the uncertainty of the return and the company will be more careful. "

Oil Rising U.S. Debt Ceiling Before Voting
 
Wednesday, January 23, 2013
 
Oil traded near the highest level in four months, on speculation that the U.S. will raise the debt limit, offset estimates that fuel stockpiles will rise in the world's largest oil-consuming country.
 
West Texas Intermediate Oil little changed after rising as much as 0.7% yesterday as President Barack Obama said they welcomed the move either of the House of Republicans who will hold a vote today to raise the debt ceiling until mid-May. U.S. crude stockpiles probably rose last week, according to a Bloomberg News survey before the government officially report tomorrow. Deutsche Bank AG raised its forecast for oil demand growth in China.
 
"We expect a little nervousness on strong oil prices, ahead of the debt ceiling debate the issue," said Michael Poulsen, an analyst at Global Risk Management Ltd.. in Denmark.

News and Review of European Economic Zone (Spain)
 
PM Spain Opportunites Filing Bailout Europe
Friday, December 28, 2012
 
Spain, Prime Minister Mariano Rajoy said on Friday that he did not close the possibility of filing a bailout in order to release the bond purchase program the ECB on the State member that have debt, in the he states that the Spain not requires it today.
 
"While this ECB interventions for bonds at secondary has it, future unclosed maish," Rajoy comment.
 
Rajoy also acknowledged the plans the purchase of bonds by the ECB President, Mario Draghi has have to soothe tension market after in a stressful in the semester.

News and Review of European Economic Zone
 
Euro Continue Strengthening vs Yen To highest Level since August 2011
Thursday, December 27, 2012
 
Euro currency led to the highest level in 17 months against the Yen Thursday as Japan's action offers the speculators and investors in the currency the Yen Japan due to expectations of an aggressive monetary easing by the Central Bank of Japan.
 
The Euro also strengthened against the Dollar, so far up 0.40 percent at 1.3276 level, due to the action of steady purchases by macro funds amid waning worries about the eurozone debt crisis. While the cross rate EURJPY soared 0.79% traded at 114.12 level, after reaching the highest point intraday lowest level at 169.31 and his day-to-day role at 113.04.
 
In intraday EURJPY technical bias remains bullish, despite the price entered overbought territory, however during the unsettled pattern is bearish divergence on the Daily RSI and stochastic, there is still room for further increase in at least a test area of 115.40. At the bottom, just under the new transpiration 110.75 area can change intraday bias became bearish in the short term.

Oil sales drop to bottom level $ 91/barel In Asian Session
 
Wednesday, September 26, 2012
 
Crude oil prices extended losses to below $ 91 a barrel in the Asian session on Wednesday as the U.S. dollar rebounded after criticism from officials of the central bank's latest monetary easing by the Federal Reserve. The dollar index was around 79,830, compared with 79,673 before closing Tuesday.

Oil Recovers From Low Level 2 Months
 
Thursday, September 27, 2012
 
Oil recovered from its lowest close in two months after U.S. crude supply decreases and as investors speculated that the recent decline is too excessive. Oil prices recovered as much as 0.6% after being down to the level of technical support. Yesterday, oil prices fell 1.5% in the fear that Europe's debt crisis will worsen and hamper global economy. U.S. crude oil supplies fell as much as 2:45 million barrels last week, according to Dep. Energy compared to analysts' forecasts for an increase of 1.9 million barrels.
 
"The data that surprised the market supply and stabilize prices," said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. "The market is waiting for the continuation of the conditions in Spain and Greece were eroded risk appetite."

Oil Gains Due to increased tensions in the Middle East
 
Friday, September 28, 2012
 
Oil rose on Thursday as rising tensions between Iran and the West that sparked fears on oil supplies, while oil refineries are in the care and low U.S. oil inventories.
 
The high expectations on the Chinese government to act in order to increase economic growth is slowing and a decline in the number of unemployed in the U.S. last week, enough to help strengthen U.S. equities after five days earlier decline and this gives additional support to oil prices.
 
Oil and the euro rose after the comments of the Spanish economy minister Luis de Guindos said that Spanish job reform has been fully coordinated with the European Union and refrormasi it is to control the budget.

News and Review of European Economic Zone (UK)
 
The risk of overload Sterling European Politics
Monday, April 23, 2012
 
Sterling weakened in the London session, follow the fall of the euro against the dollar, as the outbreak of political risk in Europe. Anxiously anticipating market changes in political leadership after Sarkozy only occupied the second rank in the first issue of the presidential election. Because no candidate got votes above 50% then France will re-do the election on May 6 and where Sarkozy should strive against Francois Hollande is favored to win the election.

To become a successful Forex trader takes time, education and knowledge, but the news is anyone can do it. You do not need to be a genius to be a Professional Forex Trader. You only need to invest time to learn and practice.
 
Many people who disagree with my opinion above, because they are the people who have succeeded in the area (work area) and they saw another Forex Trading only as a mere financial game. Let us learn from successful traders, how the properties of (trading) them so that we can learn from their success.
 
1. Look forex trading as the same as other business professions. He takes effort and time to trade well.
 
2. They acknowledge the existence of financial risk in forex trading. They know that they can profit and also lose money in forex trading. They use smart money management skills.
 
3. They educate themselves first and build knowledge together with any profession, considering all it takes work processes. They respect and obey all the rules previously established by previous successful merchant.
 
4. They have patience and understand that it takes to succeed. They do not see it as a get rich quick scheme. They invested a small amount first and build profits slowly.
 
5. They know the importance of having mentors like any other profession. They understand their own shortcomings as a beginner and always seek knowledge from experienced traders.
 
6. They live with a proven trading strategy and trading only one currency. They do not jump from one strategy to another. They did not try a lot of currency trading at one time.
 
7. They set aside enough capital that they could and lost. With the money they could loss, but they do not feel the pressure while the trade. They just follow their trading plan and carry out their trade according to plan.
 
8. They recorded their trade. They reviewed the current profit, also reviewed when the losing trades and understand their mistakes and how they can improve their trading results.
 
The figures are that 95% of forex traders loss because they failed to plan and will not use the characteristics above. Make sure that you get education and knowledge level is sufficient.
 
You have to learn, be happy!

Correction of Oil Will Continue
 
Monday, May 2, 2011
 
Put oil in a two-week decline terdesar expectations due to the killing of Osama bin Laden may reduce the risk of supply disruptions in the Middle East. U.S. President Obama has confirmed the death of al-Qaida leader during the fighting in Abbottabad, Pakistan. This further deepened the decline in oil prices also pressured by a reduction in force of economic growth in China, the world's second largest oil consumer.
 
"The death of Osama could be bearish because the trigger can reduce the fear of infectious unrest in the Middle East," said Stephen Schork, The Schork Group officials. "Now, market corrections have a reason to come down significantly."
 
Oil was also pressured by China's manufacturing index downs in April. Manufacturing PMI index slipped to 52.9, lower than the predicted 54.0 and 53.4 in March publications. "The descent to the manufacturing index suggests that the economic slowdown means less oil consumption," said Jonathan Barratt, officials Commodity Broking Services. The growth in Asian oil demand will slow in the second half of this year due to high fuel prices hurt consumer demand, wrote JPMorgan Chase.

Gold Back Stronger After the U.S. manufacturing data
 
Monday, May 2, 2011
 
Gold prices turned weaker dollar rose broadly in line on the U.S. trading session, after U.S. manufacturing activity index showed a decline in April.
Gold traded rose more than $ 3.50 to $ 1,563 an ounce on the Comex in New York Mercantile Exchange. Previously Gold prices touched a record $ 1,576.65 an ounce, but corrected in most of the electronic trading session due to dollar appreciation.
 
U.S. manufacturing sector managed to expand in 21 months in a row, but noted a decrease to 60.4% in April from 61.2% the previous month, according to the Institute of Supply Management reported Monday.

Oil
 
Crude Oil Back Positive After Down to $ 97
Thursday, March 17, 2011 14:53
 
Crude futures recovered from a sharp drop below $ 97 per barrel Thursday and returned to positive path, after Japan's largest utility said it hoped to restore power to nuclear power Fukushima Daiichi affected by the earthquake in a few hours.
 
Feedback Tokyo Electric Power Co. '(9501.TO) close to reactor coolant at risk krisis help calm the market, previously confused with the statement that top U.S. officials responsible for the regulation of nuclear power which signals the possibility of atomic krisis worse than previously thought .
 
On the New York Mercantile Exchange, light, sweet crude futures for delivery in April was trading at $ 98.60 a barrel at 6:58 PM local time, up $ 0.62 on the Globex electronic session.
 
That represents a major recovery after the offense level of support for $ 97 within the first hour of trading pushed the major liquidation of ownership, driving the front month contract to an intraday low $ 96.60 a barrel at 22:53 GMT local time.
 
Oil Brent crude on London's ICE Futures exchange for May rose $ 0.70 to $ 111.30 per barrel, after earlier hitting an intraday low $ 109.45.
 
The oil market was watching developments in Japan as the country's third largest oil user after the United States and China, consumed about 4.4 million barrels of crude a day.
 
Traders sell crude oil futures in recent days, given the lack of clarity about how big the impact of the earthquake and tsunami last Friday for an economic slowdown in Japan and for how long.
 
"The reaction from the oil market to the Japanese earthquake excessive, in our view, given the increasing demand for oil due to the potential permanent loss of nuclear capacity far exceeds the short-term negative impact on demand," said Amrita Sen, an oil analyst at Barclays Capital.
 
Petroleum Association of Japan said Thursday that the processing of crude oil in the country is expected to recover to 3.4 million barrels per day by the end of the month, from 2.7 million barrels per day immediately after the quake.
 
Which has allowed the traders to measure the output lost at 600,000 barrels per day, although Japan may will require additional volumes of fuel to digunakan dalam power to ensure thermal coal supply while the damaged and nuclear power plants offline.
 
The PAJ said it had canceled 650 000 kiloleters exports of oil products after the earthquake, and that it also may need to import 450 000 kiloleters at the end of the month to help close the gap in domestic supply.
 
Refiners in South Korea are among those hiking exports to Japan. S-Oil Corp. (010950.SE) said Thursday it plans to supply 2.4 million barrels of oil products to the Japanese refining industry. Japan has also formally asked Indonesia to send additional liquefied natural gas and crude oil.
 
Support for the oil price is also from the Middle East and North Africa. Bahraini security forces to crack down on protesters on Wednesday to expel them from the center of the capital Manama, and imposed a curfew in many towns, as the island kingdom effort that seeks to end the demonstrations weekly.
 
Libya has intensified between the rebels and the approach of the ruling regime. Moammar Gadhafi troops attacked the last major town held by rebels in western Libya and expand the area of ​​rebels near the eastern capital of Benghazi, because the government gained momentum in its efforts to reassert control.
 
However, this is not a view that makes the sale of oil-corrected excess.
 
This is a sign of how the commodity markets continued to nervously, oil fell sharply after Gregory Jaczko, chairman of the Nuclear Regulatory Commission, said the pool of fuel in reaktor fourth nuclear power plant in Fukushima Daiichi in Japan have lost all or most of the water and the radiation level is "very high. "
 
Given the risks, Jaczko said the U.S. would recommend "larger radius" for the evacuation of the Japanese.
 
Jim Ritterbusch, president of advisory firm Ritterbusch & Associates oil trade, believes that the decline in oil futures still has some way to go, perhaps to $ 95/bbl, as global equity markets fell following the bad news continues to flow out of Japan.
 
Dow Jones Industrial Average closed 242.12 points lower on Wednesday, or 2.04%. In Asia on Thursday, the Nikkei Stock Average fell 2.2%, Australia's S & P / ASX 200 flat, and South Korea's Kospi Composite down 0.7%.
 
Nymex reformulated gasoline blendstock for April - the benchmark gasoline contract - rose 72 points to $ 2.8509 a gallon, while April heating oil traded at $ 3.0100, 128 points higher.
 
ICE gasoil for May switch to $ 958.50 per metric ton, down $ 0.50 from the position Wednesday.

China Economy News and Reviews
 
China's economy will soon shift the U.S.?
Monday, April 25, 2011
 
China is expected to shift the U.S. as the world's largest economy, creating changes in the order of world powers.
 
The IMF estimates that China will print output greater than the U.S. in the near future. In the projections that included secretly on his site a few days ago, the IMF estimates that in 2016, China could beat the U.S. in real economic output, the first in modern history a nation to do so.
 
China's growth is impressive. In 1980, when economic reforms began, the U.S. produces goods and services 10 times that of China. Ten years ago, the rate shrank to three-fold.
 
During the 2000s, China's economy growing rapidly and the financial crisis, making China a global economic powerhouse. During that decade, China's share in global output rose two-fold, while shrinking sharply. Than 25% of global output in 1986, the U.S. share continues to recede to less than 20% now and projected to 17.8% in 2016.
 
While China only produced 2.2% of world output in 1980, but increased to 7% in 2000 and 14% now. In 2016, China is projected to produce 18% of world output.
 
The IMF estimates, in 2016, China produced more than two weeks in a year when reforms began. Since economic reforms until 2016, China's output increased 30-fold, while U.S. output rose only 2.7 times the level of 1980.
 
But the IMF said the U.S. is still the world's largest market. If China still enforce its currency policy as now, the IMF estimates that, in nominal terms, in 2016 the U.S. economy is still 2 / 3 larger than China. However, it only reflects the value of the currency. Factoring relative prices, real output of goods and services, China will become the largest in the world.
 
The IMF projected that China will grow 9.5% per year over the next decade. While U.S. growth is expected to more rapidly from an average of 2.1% in the 2000s to 2.75% in the next decade.

News and Reviews European Economic Zone (France)
 
French Industrial Production +0.4% in February this Month
Monday, April 11 2011
 
French industrial production rose 0.4% in February, driven by the refinery business and the transportation sector, data showed Monday.
 
January data of industrial production was revised to show 0.7% increase from the initial estimate rose 1.0% in the month, the French national statistics office Insee said.
 
Output in manufacturing rose 0.7% in February from the previous month, Insee said, because the revised data of January showed an increase of 1.5% in the month, from 1.8% initially estimated.
 
In February, the output from refineries and cokeries France rose 3.3%, while the transport sector showed an increase of 2.3%, Insee said.