All About Commodity

[mynameisandhy]

The threat of Hurricane Isaac Resolve Oil

 

Wednesday, August 29, 2012

 

U.S. crude oil rose, close above $ 96, as hurricane Isaac approached the Gulf of Mexico, urging the company to shut down production platforms and refineries. Isaac strengthened into a hurricane after passing through Gulf Coast and is expected to reach the coast of Louisiana on Tuesday night. U.S. President Barack Obama warned the citizens of the Gulf Coast will deluge of Isaac, but in appearances on television made ​​no mention of the potential release of strategic oil reserves.

 

A White House spokesman said that the release of oil reserves option is still there, "but we will not announce it today." And Brent crude edged down ahead of Obama's statement about the possible release of oil reserves, due to weakening consumer confidence in the U.S.. "It appears that some investors false expectation of the announcement and the release of oil prices recovered after he did not mention anything about oil," said John Kilduff, partner at Again Capital LLC in New York.n boost sales in Eastern Europe and Southeast Asia.

[mynameisandhy]

Oil Continue Weakening

 

Thursday, August 30, 2012

 

Crude oil futures continue weakening on Thursday, in line with movements in commodity prices and regional stock markets as investors await strain U.S. central bank meeting.

 

Observed so far oil prices for October contract fell -0.12%, at $ 95.38 per barrel, after reaching its highest point at $ 95.44 daily and intraday low at $ 94.91 per barrel.

 

The decline was triggered by a rise in U.S. oil stocks and the effects caused minimal hurricane Isaac in some refinery facilities in the Gulf of Mexico. Even Isaac storm has passed bay.

 

Another negative catalysts on oil is tension investors await the results of Jackson Hole meeting, the Fed is expected to delay additional stimulus meaning QE3 positive for the dollar and negative for oil instead.

[mynameisandhy]

Oil Restlessness Awaits Bernanke Speech

 

Friday, August 31, 2012

 

U.S. crude oil prices fell on Thursday ahead of a speech by Federal Reserve governors who might indicate prospects for additional economic stimulus, while investors look to data released as an indication that a decision will be made Bernanke. Investors will await the signal QE3 in Bernanke's speech at a meeting of the central bank and the economy in Jackson Hole, Wyoming on Friday.

 

"The situation is quite balanced at the moment. Jackson Hole is probably the reason for the current consolidation,'' said Eugen Weinberg, analyst at Commerzbank in Frankfurt oil." Somebody expects they will announce something and some are not. But the great clarity to the market.''

[mynameisandhy]

Oil Still Depressed China Data

 

Monday, September 3, 2012

 

Crude oil futures declined and continued throughout the European session ahead of the opening of Wall Street on Monday, after a report showed China's manufacturing activity fell and the dollar strengthening show.

 

Observed so far oil prices for October contract fell -0.17%, at $ 96.32, after reaching its highest point at $ 96.54 intraday and daily lows at $ 96.01 per barrel.

 

Having climbed 2% last week and closed in August with a gain of 9.6% post-speech Ben Bernanke that deliver the expectations of the next round of stimulus to boost the pace of recovery, earlier this week even factor strengthening dollar weighed on oil prices to return corrected.

 

Disappointing data from China also provide additional negative catalysts, after the survey of manufacturing activity and the government's version of HSB version indicates the sector fell to its lowest level last 41-months.

[mynameisandhy]

Oil sales drop Sharply After Disappointing Manufacturing Data

 

Tuesday, September 4, 2012

 

Crude oil futures fell sharply on Tuesday after the U.S. manufacturing sector contracted in August for the third month in a row.

 

Oil prices had fluctuated between positive and negative territory, as the uncertainty of the central bank's measures to stimulate economic growth and the fear factor of supply after refinery closure of post-storm threat in the Gulf of Mexico some time ago.

 

Observed so far oil prices for October contract dropped -1.13% to $ 95.37 per barrel after reaching its highest point at $ 97.37 and an intraday low at $ 95.21 its daily barrel.

 

Comments ECB President, Mario Draghi also helped impact on oil prices signals a central bank efforts to lower the cost of borrowing member countries with the euro zone debt problems. Furthermore, market participants are still waiting for ECB policy meeting on Thursday to see the ECB's bond-purchase plan in detail at a press conference Draghi.

 

Additionally on Thursday, investors will also get updated stock of oil reserves which the U.S. Energy Department released a day earlier than usual. Stock Weekly reserves are expected to decline due to post-storm supply disruption.

[mynameisandhy]

Worry Oil Demand Outlook

 

Wednesday, September 5, 2012

 

Oil prices please register weakening thin in the London session with increasing evidence of a global economic slowdown feared could undermine the outlook for world energy demand. Australia's economic growth slows, the euro-zone service sector is still contracting, European retail sales fell, and the U.S. manufacturing sector activity remains weak. "Bad publicity indicators confirm the weak global economic outlook and energy demand. This is certainly a negative," said Ric Spooner, analyst at CMC Markets.

 

Investors are also worried anticipate supplies increased as the operation of most oil refineries in the Gulf of Mexico after the passage of Hurricane Isaac. Data released by the Bureau of Safety and Environmental Enforcement U.S. (BSEE) yesterday showed 52% of oil output and 29% of gas production from the Gulf of Mexico has not been in operation.

[mynameisandhy]

Oil Testing Level $ 96 Per Barrel

 

Thursday, September 6, 2012

 

U.S. crude oil prices rising ahead of the European Central Bank and the U.S. payrolls report in August as investors await action from the central bank's economic growth is slowing. Oil recovered, and European stock markets touched a session high due to reports that the ECB is ready to release creditor status in government bonds they buy.

 

"Uncertainty about the ECB, after speeches from Bernanke did not announce adnaya stimulus, and the U.S. labor report on Friday, has made ​​the market nervous and waiting for another catalyst to push prices up," said Gene McGillian, analyst at Tradition Energy. McGillian said the lack of damage by Hurricane Isaac on U.S. oil refineries that have been productive again this time will reduce the expected decline in oil supplies last week.

[mynameisandhy]

Oil Up Together Stimulus Hopes

 

Friday, September 7, 2012

 

Oil prices rose on Friday after U.S. employment data in August was disappointing depress the dollar and reinforce expectations of additional stimulus from the Federal Reserve, while also erodes the outlook for fuel demand. Nonfarm payrolls increased only 96.000 new position, according to Labor Dep.Tenaga Friday, below forecasts for an increase of 125.000.

 

Oil got a boost from expectations that the release of employment data increase the chances of two-day policy meeting, the Federal Reserve next week will produce a QE3. "The data is negative for reporting a lower number on the number of jobs created in August and downward revisions to the previous two months," said John Kilduff, partner at Again Capital LLC in New York. "However, the data is quite disappointing to trigger the third round of policy easing, which would push the price of commodities and allow the oil to rise to the level of $ 100 per barrel," he added.

[mynameisandhy]

Ignore China data, Fed Policy Responses Expect Oil

 

Monday, September 10, 2012

 

Got depressed by Chinese trade data weaker than expected, crude able to re-grow approach the opening price on Monday as rising hopes of a return stimulus measures from the U.S. economy.

 

China imports declined 2.6% in August, which reverses the expected rise of 3.5%. While export growth below 3% estimated by recording 2.7%. Meanwhile, China's crude oil imports also fell 12.5% ​​last month as domestic oil demand fell to 8.92 million barrels per day. Increasingly sluggish demand China fuels will certainly also influence the outlook for the global economy.

 

Beyond that, some people were of the opinion that the signs of slowing economic growth in China and the United States will urge the U.S. Federal Reserve to pump more stimulus into the economy, a move that will help suppress and reverse dollar pushed commodity prices and oil .

 

"The market is obviously very hopeful that if the U.S. would launch a third round of quantitative easing," said Tamas Varga, an analyst at brokers PVM Oil Associates in London. "China is quite bearish data such as U.S. jobs numbers last week, has sparked an idea that bad news could turn out to be good news if it is a positive response to the policy. That is what sustains the current price," added Varga.

 

Currently, crude oil for October delivery traded at $ 96.25 per barrel, or about 0.15% below the opening level after touching the lowest price daily $ 96.05 per barrel.

[mynameisandhy]

Oil Stable after OPEC Monthly Post

 

Tuesday, September 11, 2012

 

In its monthly oil market report released on Tuesday, the organization of oil exporting countries, OPEC, still maintaining its global oil demand growth for 2012 at the level of 0.9 million barrels per day. This group is still awake to see downside risk given the high likelihood that the economic slowdown in developed countries will be extended to the non-OECD.

 

For 2013, OPEC predicted demand growth of 0.8 million barrels per day, which is also unchanged from the previous month. As for the request in July, records show increase in OPEC crude oil demand to 1.1 million barrels per day at an annual rate, following an increase in U.S. consumption and also demand a much stronger India.

 

In the report of OPEC also said it expects oil demand in the 3rd quarter could exceed the level of demand for the 4th quarter in the next 2 years, as a result of seasonal changes in demand for oil that will change anyway and transport of oil delivery patterns across world.

 

When crude oil for October delivery is offered at around $ 96.60 per barrel, or about 0.04% over yesterday's closing level.

[mynameisandhy]

U.S. Oil Reserves Increase

 

Wednesday, September 12, 2012

 

Isaac seems successful passage of the storm pushed an oil refinery in the Gulf of Mexico to increase produksi.Ini seen from the increased U.S. oil reserves for the week that ended on September 7. Oil reserves increased 2 million barrels; higher than the predicted decline of 1.8 million barrels and previous publications decreased by 7.4 million barrels. Nymex oil trouble maintaining momentum gains after the data was released. Oil prices are now trading $ 97.00; away from high level daily $ 98.04

[mynameisandhy]

Oil Streaking Ahead of FOMC Policy Announcement

 

Thursday, September 13, 2012

 

Crude oil prices shot more than 1% in trading Thursday as market participants continued optimism ahead of the U.S. Federal Reserve's policy announcement next few hours. Fed Governor Ben Bernanke is widely expected to announce additional stimulus measures to prop up the flagging U.S. economy after hold 2-day policy meeting.

 

Although on the one hand the launch of the 3rd round of quantitative easing could potentially push oil prices higher, on the other hand the risk of falling energy markets are also getting bigger, according to Eugene Lindell, oil analyst at JBC Energy.

 

"Almost all market participants assume QE3 will come, but assumptions can be dangerous. When the decision was not immediately announced, the market can turn around instantly plummeted and it still has the potential to happen," said Lindell.

 

Currently, crude oil for October delivery traded at $ 98.40 a barrel, after touching the lowest price daily $ 96.74 per barrel.

[mynameisandhy]

Oil Prices Shoot for Fed Stimulus

 

Friday, September 14, 2012

 

Oil prices rose on Thursday, extending gains for the sixth session, after the U.S. Federal Reserve launched a stimulus program to be buying mortgage debt worth 40 billion dollars per month to improved employment outlook. Oil prices had climbed down pascar statement was released, an increase of $ 1 and then fell down before going back up towards the positive area in the expectation of such a move could trigger a flow of investor funds into riskier assets including commodities and stock markets, such as during the previous stimulus.

 

"Mortgage debt purchase program worth 40 billion dollars with no time limit to make QE3 was well received by the market," said John Kilduff, partner at Again Capital LLC in New York. "Fed policy move would likely push prices higher, but keep in mind that it is a reaction to the policy consideration current conditions that did not support the strong demand for oil."

[mynameisandhy]

Iranian Officials Looking Into Potential Oil $ 150 per barrel

 

Monday, September 17, 2012

 

U.S. crude futures fell from its highest level in conjunction with the global stock market correction due to the Fed's stimulus euphoria began to shrink.

 

Observed so far oil prices for October contract fell -0.13%, at $ 98.85 per barrel, after reaching an intraday highs at $ 99.28 and its daily lows at $ 98.56. During the last week Oil soared 2.7%, the biggest weekly gain since mid-August.

 

Although weakened, but there is still potential for oil prices to rise again especially if the news was released regarding the condition of the Middle East that got hotter.

 

Iran's oil minister predicted oil prices could skyrocket above $ 150 per barrel to reflect the current market situation.

[fxboard]

there can be a war between iran and israel --- if so the oil prices will beat maximums of 2008

[mynameisandhy]

Oil Falls 4.4% After The Action Selling

 

Tuesday, September 18, 2012

 

Oil prices fell more than $ 5 towards the close on Monday due to surging volume selling quickly, the incident sent oil prices through the technical support is due to lack of clarity in market conditions.

 

Oil fell $ 2.88 to get $ 96.13 per barrel. Oil declined slightly after falling sharply in the span of 20 minutes and at one point fell as much as 4.4 percent. This is the biggest one-day drop since early June.

 

The incident was not clear what caused the sharp decline, but traders said the incident could have been caused by the problematic computer program trading.

 

The market also has overseen every step of the U.S. Strategic Petroleum Reserve, which government officials say has an option to ease oil prices to consumers.

 

It was not clear why oil fell sharply towards the close. After a sell-off, White House officials said that "all options remain on the table, but we have no announcements at this time.

[mynameisandhy]

Profit Taking Whack Oil

 

Wednesday, September 19, 2012

 

Decline in crude oil prices continues until the European trading session on Wednesday as traders continue to launch and profit taking ahead of the weekly U.S. oil inventory report.

 

Currently, crude oil for October delivery is offered at around $ 94.85 per barrel, or about 0.7% below yesterday's closing level.

 

"Sentiment risk was seen easing at this time," said Thina Saltvedt, senior oil market analyst at Nordea Bank Norge. "With not many data released this week, make some profit-taking traders on last week's gains."

 

Market sentiment also was overshadowed by concerns about the potential release of strategic oil reserves of the U.S., which aims to pressure on oil prices. A report from the Financial Times also said if Saudi Arabia as offering extra oil supplies to some of its key customers in the U.S., Europe and Asia with cheaper prices in an effort to create an atmosphere bearish on the oil market.

 

Market participants also were waiting for the release of U.S. oil inventory data from the U.S. Department of Energy at 21:30 pm tonight. U.S. crude oil inventories expected by most analysts would again suffer a decline of about 200,000 barrels during last week, after posting a jump of 2 million barrels in the previous week.

[mynameisandhy]

Drop in Oil Price Signs QE Less Effective?

 

Thursday, September 20, 2012

 

The sharpest decline in crude oil prices in the last 2 months this week shows that investors are skeptical about whether the policy stimulus by central banks in recent years, including the announcement of QE3 by the Federal Reserve last week, will have a big impact in restoring growth, according to analysts and traders .

 

The positive impact of the stimulus the Fed has been waiting for the market last week lost more rapidly than expected crowds on the oil market, which is considered a leading indicator of economic activity in the future. "The oil market is showing us that there is much more optimism on QE3," according to the said John Licata, chief strategic energy at Blue Phoenix Inc.., An energy research firm and an independent consultant.

[mynameisandhy]

Higher oil, Rebound From This Week decline

Friday, September 21, 2012

 

Oil rose on Friday, rebounding after a sharp decline in recent iniyang leave the oil at low prices, making it attractive to buy. Most of the commodities traded higher. Equity is seen as representative for the economy and thus also for oil demand.

 

By this week, oil has fallen about 6%. Oil fell earlier this week with the end of the contract, to talk about the release of strategic reserves of petroleum, oil official comment from Saudi Arabia and rising oil inventories, are some alasann that influence oil prices.

[mynameisandhy]

Oil falls to the Lower Level $ 92 Per Barrel

 

Monday, September 24, 2012

 

Crude oil fell to the lowest level since early August on Monday, along with a decline in the commodity complex, as the strengthening of the dollar reduces investors to buy commodities. The term of the contract, speculation dikucurkannya strategic oil cadagnan, comments from Saudi Arabian oil officials and oil stocks are the factors that led to a sharp decline in weekly oil prices last week.

 

Strategic at Deutsche Bank said that while geopolitical risks will continue to resist the prospect of higher energy complex, "high gasoline prices and the U.S. election would make speculation dikucurkannya strategic oil reserves remained alive into the fourth quarter of this year." Strengthening of the dollar weighed on prices of crude oil on Monday, coupled by worries in Europe about Greece.

[mynameisandhy]

Oil Trying Return to Top Level $ 93 Per Barrel

 

Tuesday, September 25, 2012

 

Oil prices rose on the New York session to the level of $ 93 per barrel as Iran fired missiles as part of military exercises and ahead of the release of U.S. economic data expected positive. Oil rose as much as 1.2%, after being down 6.2% last week, as the Fars news agency reports that Iran fired a missile at the 4 pieces of the Persian Gulf as part of the war games. Iranian President Mahmoud Ahmadinejad said on U.S. television interview yesterday that his country would defend itself if attacked by Israel.

 

"Iran has supported the rise in oil prices today after yesterday's decline and the end of last week," said Andrey Kryuchenkov, analyst at VTB Capital in London. "The U.S. data also supported in the short term."

[mynameisandhy]

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.

[mynameisandhy]

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."

[mynameisandhy]

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.

[mynameisandhy]

Oil worry about Global Economic Outlook

 

Monday, October 1, 2012

 

Oil prices please register weakening thin in the London session as widespread worries over the global economic outlook could hurt global oil demand outlook. China manufacturing index is still natural contraction; signal 2 in the world's largest economy could be slowing down for seven consecutive quarters. Japan Tankan manufacturing index also slumped back; signaling 3 in the world's largest economy could fall back into recession.

 

"Investors are now focusing on indicators of weaker demand than previously anticipated," said Natalie Rampono, strategic ANZ. "Weak Chinese manufacturing index and Japan, as well as lingering concerns over the condition of Spain will give the oil pressure drops for the near future."