All About Commodity

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Gold Is Ready To Test The Support Level

 

Monday, January 14, 2013

 

In the short term, gold is likely to touch the support level at $ 335 per troy, viewed from a potential weakening of the current gold, Metals analysts Triland clear. "The decline in the gold price continues following the action of selling that occurred since the beginning of the year.

 

Triland noted that the price of gold is still sensitive from the movement of the EUR/USD, with the weakening of the USD seems to be pushing the dollar berdenominasi gold. The price of gold at $, 664.90 per troy ounce, up 0.1% from the closing level. The weakening of the dollar will be a little help along with the physical purchase expectations in Asia ahead of the Chinese new year next month.

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Corrected An Earlier Strengthening Oil, Extinct

 

Tuesday, January 15, 2013

 

United States crude oil prices tracked down while simultaneously strengthening memupus who've found yesterday.

 

In the Asian session today, the oil contract in February was down 39 cents or 0.4 percent to as low as $ 140 per barrel. The correction is happening today is a further weakening in the trading session yesterday amounted to 0.6%. The weakening of the Dollar earlier in the week a little more involved in encouraging interest in buying commodities.

 

Even so, the currency factor would no longer prop up the movement of oil these days. The index tracked the Dollar strengthened from 79.493 to 79.546 before the close of the NYMEX. "The Volume of oil demand still weak so memupus positive sentiment from China's trade data for good last week," said Razaqzada Fawad, analyst with GFT Markets.

 

According to her instructions on oil demand in the future can be seen from the earnings report season United within a couple of weeks ahead. "But it was plenty big enough supply in Africa and potentially overload the potential price increases," added Razaqzada. The dynamics of demand-supply of the commodity of oil can be seen in the weekly inventory data release versions of the American Petroleum Institute yesterday. Then new Department of Energy will release data on its preparation in Wednesday tomorrow. When this news was written, tracked the price of oil at $ 93.82 per barrel.

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OPEC Oil Production Saudi Arabia Decline Confirmation

 

Wednesday, January 16, 2013

 

The Organization of Petroleum Exporting Countries on Wednesday has confirmed the truth of news regarding trimming crude production in Saudi Arabia in December, following a flood of U.S. crude oil production and tertekannya request by the uncertainties of the global economy.

 

In a report the oil producers cartel bulanannya said that Saudi Arabia, the largest oil exporter in the world, has reduced its production to about 9 million barrels per day (bpd) from an earlier 9.5 million bpd in November. The trimming is the largest in nearly three years, since the country decided to boost oil production to offset the impact of the weakening supply Libya and the enactment of the Western sanctions against Iran crude oil exports.

 

In the same time, OPEC also revised down the crude oil demand projection for 2013 to 29.6 million bpd, or 100,000 bpd lower than previous projections of the Organization and 400,000 bpd lower than demand by 2012.

 

OPEC also predicted US crude oil production will record growth of growing 490,000 bpd by 2013, which is the highest production figure among the countries of the non-OPEC oil producers, while demand in the u.s. market is likely still tend to be flat.

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The Mighty Oil After The Oil Supply Down

 

Thursday, January 17, 2013

 

Oil traded close to the highest level in four months in New York as the decline in u.s. oil inventories, these data refute the existence of concerns that global economic recovery may falter and are reducing demand for fuel.

 

West Texas Intermediate oil little changed after rising as much as 1 percent today to menujua, the highest level in almost two weeks. Oil stockpiles in the week dropped as much as 951,000 barrels, reported by the Department of energy. Earlier, Bloomberg survey predicted oil would rise by as much as 1.4 million barrels.

 

"We will probably see oil demand surged in the u.s. and it can strengthen the oil prices," said Gerrit Zambo, an oil trader at Bayerische Landesbank in Munich. "However, the available oil stocks should be enough. "

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Oil Slipped After The Descent Of The U.S. Confidence Index

 

Friday, January 18, 2013

 

Oil weakened in the New York session, trim weekly gain in a row in 14 months, after us consumer sentiment indicators unexpectedly fell and the euro extend pelemahannya on comments from European Central Bank officials.

 

Oil futures fell as much as 0.6 percent over data from Thomson Reuters/University of Michigan index of consumers at the beginning of January down to 77.1 compared to the previous month at 72.9. Before the data was expected to rise menjai 75, according to the median estimate of 74 economists surveyed by Bloomberg. The Euro slipped from its highest level against the dollar since February.

 

"The market will move back and forth on economic indicators," said Gene McGillian, analyst and broker at Tradition Energy in Stamford, Connecticut. "The strengthening dollar will probably encourage the action of profit taking. "

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Oil Plummets Ahead Of Negotiations On Debt Ceiling

 

Monday, January 21, 2013

 

Oil is down from the highest level in four months in New York before the Finance Ministers met today to discuss the European debt crisis zones and the U.S. lawmakers hold a vote this week on the budget measures.

 

West Texas Intermediate oil slipped as much as 0.5%, for the first time in the last four days. The House of Republicans plan will hold a vote on January 23rd of the rising U.S. debt ceiling and tried to press Senate Democrats to explain their budget plans. The Finance Ministers in Brussels will assess Spain, Greece and Cyprus, and they would argue about how to put a policy to resolve the crisis in the region.

 

"In Europe, we believe the worst conditions will come quickly," said Guy Wolf, analyst at commodities Marex Spectron Group Ltd. in London. " Everyone believes that the crisis has been resolved. But politicians have yet to do anything, we just look at the reduced pressure on the crisis. "

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U.S. Crude Oil Futures Traded Mixed

 

Tuesday, January 22, 2013

 

U.S. crude oil futures traded mixed Tuesday from London session, with some analysts predicting the prospect of higher prices in the long term, but some see there are still risks falling demand.

 

Observed so far U.S. crude futures for February month contract edged up 0.01% at the level of $ 95.55 a barrel, after reaching its highest intraday $ 95.72 per barrel, and the lowest level daily at $ 94.98 per barrel.

 

Increased oil demand especially from Asia, has led to the revision of the increase in oil demand during 2013 as EIA 900.000 barrels per day to a total of 90.8 million barrels per day this year.

 

From the supply side, the elections in Iran, and Israel as well as the potential for conflict in the Sudan, Syria and Algeria contributed to the risk of delays in supply and maintain oil uptrend. Moreover, Saudi Arabia, which is the world's largest oil producers have cut production in Q4 2012 amounted to 600 000 barrels per day.

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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.

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China Oil Demand Reaches Record on December

 

Thursday, January 24, 2013

 

China's oil demand rose by 7.7% in December compared with a year ago to reach 10:58 million barrels per day, which is the (record high), according to the latest data from analysts Platts Chinese government released on Wednesday. The increase is part of a growing demand for oil in December "Because of strong economic performance, thereby encouraging more demand for raw materials," said Song Yen Ling, senior analyst at Platts to China. "With the continuing economic recovery in China, there the possibility that the country will consume more oil this year. "At this time oil moved down 30 cents to 96.38 a barrel in New York, ahead of the latest weekly report on U.S. stockpiles on Wednesday from the American Petroleum Institute.

[mynameisandhy]

Sturdy Oil Along The Economic Improvement

 

Friday, January 25, 2013

 

Oil heading seventh weekly gain in New York, this is the longest rally in almost four years, on speculation that strong economic growth will boost demand for oil.

 

Crude oil rose for the sixth time in seven days as the euro strengthened against the dollar after the European Central Bank said that the bank will return back most pinjamannnya than what analysts forecast data and German business confidence rose for the third time in January. Meanwhile, U.S. oil demand increased in the last week and it is the highest this month, indicated by data from the government yesterday.

 

"German confidence figures are very good and it indicates that the economy is improving," said Michael Lynch, president of Strategic Energy & Economic Research in Massachutes. "We have a good outlook on the economy and many people predict will rise rapidly and the growth of the high demand for oil . "

[loll]

The Japanese yen is hopefully going to continue getting weaker for me.

[mynameisandhy]

Oil Still Supported Economic Outlook

 

Monday, January 28, 2013

 

Oil traded near the highest level in four months after scoring the longest weekly rally since April 2009, lifted by speculation that the global economic recovery will drive demand for the fuel level. China's industrial profits rose for the fourth month in December, according to the National Bureau of Statistics in Beijing yesterday. U.S. government report today is expected to show a rise in the number of durable goods orders and pending home sales last month.

 

"We can be a bit optimistic about the economic recovery, and certainly in China and the U.S.," said Ken Hasegawa, energy trading manager at Newedge Group in Tokyo who said WTI will rise to $ 100 per barrel this week. "Trend is bullish oil market."

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Oil Gains, Moves Near $ 96

 

Tuesday, January 29, 2013

 

U.S. crude oil futures contract moves up this Monday, moving close to $ 96 per barrel area, after data from the European economic recovery signal there while concerns supplies of tensions in the Middle East and Africa will still support prices.

 

U.S. crude oil futures contract moved up 11 cents to $ 95.99 a barrel, down 7 cents in the last number of $ 95.88 on Friday.

 

Brent contract rose 13 cents a barrel at $ 113.41 rate, after holding steady at the previous session.

 

European banking sector will pay back the loans with a value of over 130 billion euros to the European Central Bank, to pay ahead of schedule when the sector should recover.

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Oil Still Perched High Level 4 Short Months

 

Wednesday, January 30, 2013

 

Oil traded near the highest level in 4 months ahead of the Federal Reserve's statement that the U.S. central bank signaling may be taking additional steps to stimulate the economy. Federal Open Market Committee will again renew its commitment fatherly purchase the asset at 2 daily meeting which began yesterday, according to economists' estimates. U.S. crude oil supplies increased by 4.2 million barrels last week, according to data from the American Petroleum Institute yesterday. Energy Information Administration will release its oil supplies today.

 

"We expect an announcement from the Fed's status quo and the recognition that the outlook has improved slightly," said Guy Wolf, strategic commodities broker Marex Spectron Group Ltd.. in London. "It's clear the U.S. perkeonomian strong, but the numbers do not work good enough to make the Fed's stimulus in the near future."

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Rate Iranian Oil Exports Rise to Highest Level Since EU Sanctions

 

Thursday, January 31, 2013

 

The level of Iran's oil exports soared to its highest level in December since the enactment of EU sanctions in July last year, according to analysts and shipping sources, as demand from China and the expansion tankers helped OPEC member countries to reduce the impact of sanctions.

 

Level of exports rose to about 1.4 million barrels per day in December, according to two industry sources and delivery and customs data. Sources said they expect the level of exports will weaken in January from the peak in December ahead of new U.S. sanctions.

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Oil Complete Longest Rally Since 2004 From Strengthening Weekly

 

Friday, February 1, 2013

 

Oil closes with the longest rally of the weekly gain in more than eight years after a report showed that the number of workers and manufacturing in the U.S. increased last month. Oil futures rose 0.3 percent after the Labor Department said the number of jobs increased 157,000 in January and U.S. Manufacturing ISM reached its highest level in nine months. "The numbers today show that the economy is a little better daripadaapa we think and it's support for oil prices and products.

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Oil worries European Economic

 

Monday, February 4, 2013

 

Please register weakening oil thin as the return of the London session anxiety over European economic conditions that could affect demand for oil. Jobless claims increased by 132,100 for the month of January 2013; worse than previous publications decreased by 59 100. The poor claims data certainly confirms anxiety protracted economic recession facing the biggest economy in the euro zone 4 is. Investors are also concerned with the assessment that the economy will be the ECB meeting on Thursday at which the central bank will probably confirm the euro-zone recession may still continue in the first half of 2013. Nymex oil is now trading $ 97.26, try to avoid high levels of daily $ 97.73

 

However, the decline in oil prices may not be too deep as still poor conditions in the Middle East, the largest oil-producing region in the world. Bomb in Kirkuk killed 33 people in the midst of crisis between Iraq's central government to the autonomous region of Kurdistan. In Beirut, President Bashar al-Assad accused Israel of intending to worsen conditions in Syria by attacking military area. Yemeni provide confirmation that the ship had entered Iranian waters without permission of the estimated carrying explosives and missiles.

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Performance of Inhibitory rate Dollar Oil

 

Tuesday, February 5, 2013

 

Crude futures for March delivery fell to as low as $ 96.00 per barrel while extending an overnight decline on the NYMEX at $ 1.60. The decline today caused more by the strengthening of the dollar, which was triggered by bad news from Europe. Exchange rate euro weakened after it emerged a political scandal in Spain.

 

Of the fundamental line, it was rumored opening of negotiations between Iran's nuclear program and the United States. The potential birth of a new agreement to reduce the pressure on world oil demand outlook. The dollar index rose consistently from 79 547 today (Monday) to 79 692.

 

Exchange stronger dollar tends to weaken commodity prices. Investors put off buying dollar-based commodities asset until it drops over the weakening exchange rate. Oil has gained since its low in early December, that is, from the level of $ 86.

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Precious Metals Platinum Touch Level 4-Month High

 

Wednesday, February 6, 2013

 

Platinum precious metal commodity prices soared to its strongest level in four months on Wednesday, while palladium approaching its highest level since September 2011 as optimism the global economic outlook dominated market sentiment.

 

Instead of precious metals belonging to the safe-haven gold instead sluggish, due to the strengthening stock market. Throughout the year Platinum and Palladium Gold outperformed due to the improving global economy combined supply drop after the disruption of production in South African mines.

 

Analysts are optimistic that palladium will post record average price is quite high this year, while platinum opportunity to show their best performance in the last 2 years.

 

Observed so far Platinum futures price for the contract in April soared 1:42% at $ 1,731.2, after reaching its highest point at $ 1,744.5 and an intraday low of $ 1,709.2 daily. While Palladium for March contract, rose 0.29% to as low as 767.55, after reaching its highest point at 771.35 and intraday low at 762.15 daily.

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Surviving Oil Steady Near $ 97 Ahead of ECB

 

Thursday, February 7, 2013

 

U.S. crude oil contract moved near $ 97 a barrel on Thursday as investors took a pause after rallying a few weeks, ahead of today's European Central Bank and China trade figures on Friday.

 

U.S. crude oil contract rose 20 cents to $ 96.82 a barrel, after falling in the previous session associated increase in inventories. Prices have been rising for eight weeks, her oldest since 2004.

 

Saudi Arabia has maintained its output in January, said a source, after over two months of trimming the surprise of the trader and compete with the price of crude oil.

 

U.S. crude oil export ban may be holding back rising domestic output, said an official from the International Energy Agency wrote in the Financial Times on Wednesday.

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Concerns Over High Oil Weakens supplies

 

Friday, February 8, 2013

 

U.S. crude oil prices turned negative on Friday after reports of IIR Energy Group said that Philips 66's oil refinery which produces 306,000 barrels per day in Wood River, Illinois will be closed at the end of February for maintenance. Reports exacerbated by concerns that excess oil will increase as the abundance of oil trapped in the Midwest. The amount of oil in Cushing, Oklahama has weighed on oil prices. "With the closure of an oil refinery in Wood River, people are now realizing that the increasing supply of oil at Cushing," said Carl Larry, analyst at Oil Outlooks & Opinions.

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Demand Rises, Oil Prices fueled

 

Monday, February 11, 2013

 

In early trade Asian markets, oil prices moved up. Optimism rising oil demand from China helped contribute to the recovery of the price. Brent rises above $ 119/barrel to its highest level since May. Data show that China's oil imports in January rose 7.4% per tahund an 6.3% per month.

 

"Despite impressive gains in oil imports, increasing the value of imports in accordance with the new oil refining capacity in China with around 540.000 barrels / day is transacted via online in the last quarter of 2012," said ANZ. WTI-Brent spread widened $ 1.70/barrel on Friday (08/02) and today is in the range of $ 23.17. Nymex crude oil delivery in March rose 5 cents to $ 95.77/barrel. March Brent contract rose 7 cents to $ 118.97.

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Oil sales drop Increased Along U.S. Oil Supply

 

Tuesday, February 12, 2013

 

Oil slipped from its highest level in more than a week after an increase in the supply of the most since January. U.S. crude stockpiles rose last week possible, shown in a Bloomberg News survey.

 

Oil futures today fell as much as 0.4% after rising 14% yesterday to strengthen the first time in four days. Crude stocks are expected to rise 2.35 million barrels, according to the Surveying of economists before the agency officially EIA report tomorrow. Meanwhile, retail gasoline prices in the U.S. rose toward record highs this year, indicated in the EIA data.

 

"Supply on the market," said Gerrit Zambo, an oil trader at Bayerische Landesbank in Munich. "He also added that oil prices have a lot more momentum in terms of economic growth to be able to move higher.

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Stable Oil Supply Demand Data Related Revisions

 

Wednesday, February 13, 2013

 

U.S. crude oil futures traded steady since the London session opened Wednesday, focusing mainly focused on the differences in supply and demand estimates released by the oil majors.

 

Observed so far U.S. crude futures for March contract rose 0.11% at the level of $ 97.62 per barrel, after reaching its highest point at $ 97.69 intraday and daily lows at $ 97.50 per barrel.

 

In its monthly report, the EIA cut its global oil demand in 2013 to 90.7 million barrels per day, or lower than the previous projection of 90.000 barrels last month. While the EIA reported a fall in supply from OPEC in January to the lowest level in 12 months.

 

In terpusah, even OPEC revised estimate of global oil demand growth this year as many as 80.000 barrels per day to 840,000 barrels per day in line with the gradual recovery of the global economy led by China which is a major factor is increased demand revision.

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Surviving Oil Above $ 97 Related Demand

 

Thursday, February 14, 2013

 

U.S. crude oil futures contract moves up to last rose above $ 97 a barrel on Thursday, the fall off of 0.5% in the previous day, helped by hopes of demand growth after a Reuters survey showed that Europeans began to slowly recover from the recession.

 

NYMEX contract for the month of March was up 14 cents at $ 97.15 per barrel figure, after the last down 50 cents at $ 97.01 Wednesday figures yesterday.

 

Prices rose setingginya at $ 98.11 yesterday, with a 4-1/2 month high over $ 98.24 rate that occurred on January 30.

 

But the price back down after data from the EIA showed U.S. crude inventories increased by 560,000 barrels last week, though the increase is still below analysts' estimates.

 

London oil contract, Brent, still not traded for the month of April, look up 13 cents at $ 117.88 figure.