All About Commodity

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London Oil Rebounds From 3-Month Low

 

Wednesday, March 20, 2013

 

London Brent crude rebounded from the lowest level 3 months, widen the price difference of U.S. Oil (WTI) the first time since last 4 days.

 

Brent oil futures rose 0.4% after falling 1.9% yesterday, weakening the most since November. WTI was little changed near its low 1 week. Brent premium fell to lowest in 8 months yesterday after Cyprus refused to levy banks for a bailout, triggering fears of Europe's debt crisis will worsen. U.S. oil reserves fell by 413,000 barrels last week, a government report predicted this week there will be increased since 9 weeks.

 

Brent for May contract rose 47 cents to $ 107.92 per barrel on the ICE Futures Europe exchange based in London. Yesterday the price fell $ 2.06 to $ 107.45, the lowest close since Dec. 10.

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Oil Slips to $ 93 Related Concerns Cyprus

 

Thursday, March 21, 2013

 

U.S. crude oil contract moved down towards the area of ​​$ 93 on Thursday amid uncertainty as to whether Cyprus will be able to avoid the financial collapse, but the Federal Reserve meyakinakn that the U.S. central bank will limit the global financial fallout.

 

NYMEX contract for May fell 23 cents to $ 93.27 a barrel.

 

U.S. contracts for the month of April ended Wednesday, up 80 cents to $ 92.96.

 

Brent own contract for May fell 31 cents to $ 108.41 a barrel, after rising $ 1.27 to survive.

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Back Above $ 93, Oil Still Stuck In Line Decrease Weekly

 

Friday, March 22, 2013

 

Crude oil prices climbed back above $ 93 per barrel on Friday, after solid U.S. manufacturing growth and expectations for the achievement of an agreement to secure a bailout Cyprus.

 

Currently, crude oil for May delivery traded at $ 93.15 per barrel, or about 0.75% over yesterday's closing price.

 

Data on Thursday showed that initial claims for U.S. unemployment remained near 5-year lows. U.S. manufacturing index also recorded growth in March, followed by a sharp rise in the Philadelphia Fed business index.

 

Meanwhile, "the U.S. Congress quietly have eased the threat of running out of government funds," said analyst Kilduff Report. "The market is also responding to the signs of recovery and the U.S. Federal Reserve's commitment to continue easing measures."

 

Of Cyprus, the government is rumored to be making a major decision in the next few hours associated bailout. That will determine the fate of funding Cyprus, as well as future membership in the euro block.

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Oil Futures Gains Upper Cyprus deal

 

Monday, March 25, 2013

 

Crude oil futures continued gains on Monday, with futures rise on U.S. equities and a weaker dollar led to buying interest after securing bailout Cyprus last minute.

 

U.S. oil for May contract rose 0.5% to $ 94.17 per barrel. The increase rose to $ 1.26 on the New York Mercantile Exchange on Friday weekly weakening reply yesterday. London oil for May contract rose 0.5% to $ 108.20 per barrel.

 

The increase follows the approval for funding to Cyprus from the European Commission, the European Central Bank and International Monetary Fund (IMF), in order to avoid the collapse of the European financial system.

 

The dollar index fell to 82,242 from 82,387 the previous U.S. session on Friday. A weaker dollar helped lift commodity prices, including crude oil.

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Perched Oil Near High Level 5 Week

 

Tuesday, March 26, 2013

 

Oil prices traded near the highest level in five weeks. U.S. crude oil supplies are expected to increase as domestic output is near its strongest level in two decades, according to the survey. U.S. crude oil supply is expected to rise 1.4 million barrels to 384.1 million barrels last week, the highest level since June, according to analyst estimates before the report from the Energy Information Administration tomorrow. The production rate in the country at the level of 7:15 million barrels per day in the previous week, the difference of 9.000 from a 21-year high levels reached earlier in the week in March.

 

"The market is currently focused on the U.S. oil supply, after the rate of increase in domestic production and demand levels are relatively flat," said David Lennox, an analyst at Fat Prophets in Sydney. "In spite of the shock on actionable supply, we believe that the upward movement in oil prices will be limited."

[mynameisandhy]

U.S. Oil Reserves Increase

 

Wednesday, March 27, 2013

 

The emergence of doubts about the momentum of U.S. economic recovery seems able to reduce the demand for energy products, especially oil. It can be seen from U.S. oil reserves increased by 3.3 million barrels; worse than the prediction of an increase of 1.5 million barrels and previous publications decreased by 1.3 million barrels.

 

Oil prices still maintain momentum weakened after the data was released. Nymex oil is now trading $ 95.77, try to avoid high levels of daily $ 96.25

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Oil Raised Up Ahead of Economic Data

 

Thursday, March 28, 2013

 

Benchmark price of crude oil futures rose modestly on Thursday ahead of U.S. GDP final data and weekly jobless claims are expected to benefit positively.

 

Observed so far U.S. crude futures rose 0.11% at the level of $ 96.66 per barrel, after reaching its highest point at $ 96.94 intraday and daily lows at $ 96.45 per barrel.

 

Trade relatively quiet as the opening of various banks Cyprus after being closed nearly two weeks on the plan for the implementation of government tax depositors. Cyprus banking crisis has sparked fresh fears for the future of the euro zone and its consequences on the global economy.

 

From the economic side, the final estimate of U.S. Q4 GDP expected to expand to 0.6% up from the previous 0.1%. Furthermore, the data weekly jobless claims are expected to rise moderately to 339,000 compared to 336,000 the previous week.

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Oil Monthly & Quarterly please register Increase More Than 5%

 

Friday, March 29, 2013

 

Crude oil rose on Thursday, closed with monthly and quarterly gain considerable. For the front-month contract, oil traded up 5.6% in March and rose 5.9% for the first quarter. For a weekly rate, oil rose as much as 3.8%.

 

Price noted only a slight strengthening during daily sessions as U.S. economic data released has little effect on oil demand outlook. U.S. economic growth in the fourth quarter was revised up, but there was a greater rise in weekly jobless claims and a reduction in the number of manufacturing in the Chicago area in March.

 

"The oil market, like most other asset classes, which is really struggling to get the clue at the moment, as was the ongoing concerns over the macro economy continue to haunt those who are leaning towards spectrum bullish on oil," said Matthew Parry, senior analyst oil in the International Energy Agency.

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Could Crude Oil Up With Gold Weakening Better If ISM Data

 

Monday, April 1, 2013

 

Crude oil will get support as gold under pressure down if U.S. ISM Manufacturing report for March was better than expected.

 

Crude oil and copper are sensitive to sentiment under pressure in early European trade to avoid the risk of entrainment sentiment on Asian markets due to economic data in China and Japan were less than satisfactory. In precious metals trading, gold are flat while silver continued to move lower reflecting sensitivity.

 

Being focused is the latest Manufacturing ISM America, where diekspektasikan sector activity slowed in March. U.S. economic data is usually better than expected a few months based on data from Citygroup. Better data is in moments like these might help the mood of investors and limit the action to avoid risk, pushing stocks higher and leboh be support for oil, copper and silver. Implications of the gold is still opaque, but with the data gained can be a burden for the continuation of the Federal Reserve's stimulus money to be aggressive and the pressure dropped to peg the value of assets.

[mynameisandhy]

first drop of oil from Six Sessions

 

Tuesday, April 2, 2013

 

Oil futures persist at low levels on Monday to mark the first decline in six sessions, as traders showed disappointment over the pace of expansion in the U.S. manufacturing sector, which bodes ill for the potential energy demand.

 

However, the price closed at the lowest out of the session to hold the range $ 97 a barrel as the price of petroleum products also find some support from the threat of supply.

 

"Weak ISM data, which shows slow manufacturing, though still showed expansion," said Jason Schenker, an economist at Prestige Economics LLC.

 

Closing Exxon pipeline is also one of the key reasons for the weakening of oil prices on Monday, analysts said.

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Silver Futures Trading Near 8-Month Low Level

 

Wednesday, April 3, 2013

 

Silver futures experienced a downtrend in the past two days, trading close to 8-month low due to concerns that require industrial consumption of silver is quite weak.

 

As a result, Silver futures closed 20 per cent lower than the closing price of October 4 which is a bearish signal. Silver this year showed the worst performance compared to Gold, Platinum and Palladium. Based on data from the CFTC, many hedge funds have reduced speculation on Silver rise to 98 percent since last October.

 

Gold and Silver depressed this year due to the belief that the U.S. economy is on the path so there are opportunities strengthen the Federal Reserve's stimulus slowdown. While the IMF predicts global growth rose to 3.5 percent in 2013, compared to the previous projection of 3.2% in 2012.

[mynameisandhy]

Oil Futures In Focus Central Bank Weakens

 

Thursday, April 4, 2013

 

Crude oil futures were slightly lower on Thursday's volatile movement, carefully continuing sharp selloff the day before, with all the waiting on news of a global central bank.

 

Crude oil May fell 4sen at $ 94.41 per barrel. With the closing Wednesday down $ 2.47 at $ 94.45 a barrel, hit an increasing number of U.S. crude oil reserves and slowing growth in the private sector.

 

Oil investors today following the decision of the central bank's monetary policy-major central banks, starting with the BOJ pledged achieve the inflation target of 2% in 2 years. In addition, they announced an increase in the purchase of securities of 50 trillion yen per year. Hali brings strengthening dollar and the yen weakened to 83.36 yen from 81,712 at the close pasa U.S..

 

The strengthening dollar also puts pressure on crude oil futures.

 

Bank of Englan will announce its interest rate at 18.00 pm. European Central Bank will release at 19:30 pm. ECB diekspektasikan maintain interest rates, despite expectations of cuts in interest rates rose after the data poorly lately.

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Oil Prices Decline Sharply, U.S. Job Numbers Worse Along

 

Friday, April 5, 2013

 

WTI Oil closes with the longest decline in 6 months as U.S. employers receive employee less than half the number of workers expected in March, raising concerns that economic growth is not strong enough to support the demand for oil.

 

Oil prices fell for the fourth time after the Labor Department said payrolls increased by 88.000 points, the smallest increase in nine months. Previously, the economists surveyed by Bloomberg memperikirakan there will be an increase of 190.000. U.S. oil inventories rose to its highest level in 22 years on April 3 at the agency EIA reported that oil production is nearing its highest level since 1992.

 

"People were surprised by the numbers work," said Michael Lynch, president of the company Energy & Economic Research. "Market has risen for a while. Is this the beginning of a bearish movement is not clear, but this is definitely the end of the bullish movement.

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Oil Welcomes BoJ action

 

Monday, April 8, 2013

 

Oil rose in early London session after the Bank of Japan launch the bond-buying program after aggressive monetary policy announced last week. BoJ monetary stimulus injection is expected to help the recovery of the Japanese economy and the world economy so that it can also increase the demand for energy. Bargain-hunting also looks after the hardness of the fall in oil prices.

 

Impasse in the negotiations over Iran's nuclear program with Western countries also contribute to a positive sentiment. No agreement will increase the chance of increased economic sanctions that can be imposed against Iran West. Western countries have so far not announced whether it will hold talks before Iran re-election in mid-June.

[mynameisandhy]

Oil Raised Up As A weaker dollar

 

Tuesday, April 9, 2013

 

Crude oil futures rose on Tuesday terkerek as the weakening U.S. dollar plus inflation data from China are moderate.

 

Observed so far U.S. crude futures for April contract rose 0.39% at the level of $ 93.73 per barrel, while Brent crude oil rose 0.60% to a level of 105.30.

 

The strengthening of the euro against the dollar index influences the attenuation of various commodities are denominated against the dollar.

 

Besides oil also rose after reports that China's consumer price index rose to 2.1% from a year earlier, slightly lower than expectations of 2.4%. Decline in CPI inflation in March was successfully relieve anxiety of market participants to the potential monetary tightening in the near term.

 

According to China's central bank / PBOC, China's economy is still in recovery rate with a moderately subdued inflation rate that monetary policy remains neutral interest rate is unlikely to change throughout the year.

 

Another positive catalyst for oil Iran's failure to deal with the West over its nuclear program is.

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Statements API Undermine Oil

 

Wednesday, April 10, 2013

 

West Texas Intermediate oil fell, strengthening stalled for two days as a report showed U.S. crude inventories rose to its highest level since 1981.

 

Oil slipped as much as 0.6% in the New York session after the agency American Petroleum Institute (API) said that inventories increased by 5.1 million barrels last week. A report from the Energy Department today may show inventories will increase to 5.1 million barrels to about 391 million barrels, this is the highest level in 22 years, according to Bloomberg analyst survey.

 

"The second quarter was the weakest of the perspective of global oil demand," said Hannes Loacker, an analyst at Raiffeisen Bank International AG in Vina.

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Oil slips to $ 94 Related Increase in Inventories

 

Thursday, April 11, 2013

 

U.S. crude oil futures fell to $ 94 per barrel on Thursday, closing strengthening in 3 sessions in a row, while inventories in the United States and the third highest touch OPEC lowered its demand growth forecasts.

 

Meu month crude contract fell 29 cents to $ 94.35 per barrel, after settling up 44 cents at $ 94.64 on Wednesday figures yesterday. May Brent contract fell 22 cents to $ 105.57. Meu month Brent contract ended on Monday.

 

U.S. crude inventory levels rose by 250,000 barrels in the week ending on April 5, approaching 39 million barrels, the highest since July 1990 and the third highest since 1982, the Energy Information Administration reported on Wednesday. Analysts surveyed by Reuters had expected a 1.4 million barrel increase.

 

OPEC yesterday cut its growth forecasts for crude oil demand in 2013, followed a revised demand forecast from the EIA on Tuesday.

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Oil worry about U.S. economy

 

Friday, April 12, 2013

 

Oil continue weakening in the New York session after retail sales and U.S. consumer sentiment intimated fragile recovery in the world's biggest economy. U.S. retail sales down 0.4% for the month of March; worse than previous publications increased 1%. Consumer sentiment was also reduced from 78.6 to 72.3 for the month of April. Nymex oil is now trading $ 91.31; away from daily highs $ 93.49

 

Weak U.S. economic data kept investors worried course with energy demand outlook from the U.S.. It certainly worsen sentiment after yesterday's International Energy Agency (IEA) cut its estimate for world oil demand growth. Energy Information Agency (EIA) and OPEC also cut its forecast for oil demand growth in 2013.

[mynameisandhy]

Oil below $ 89; China Demand Concerns Deepen

 

Monday, April 15, 2013

 

Oil futures fell nearly 3% in electronic trading Monday, with Chinese economic data are lower than expected added to worries that have poor growth slowing global growth in oil demand.

 

Crude May contract fell 2.7% to $ 88.83 per barerl in Asian markets after China reported economic data were lower than expected.

 

On Friday, oil fell 2.4% to $ 91.29 per barrel on the Nymex platform, its lowest close for one of the most active commodities since March 6. The weakening occurs after data U.S. Retail sales and consumer sentiment is weak.

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Crude Oil Below $ 88 Ahead of Supply Data

 

Tuesday, April 16, 2013

 

U.S. crude oil futures fell in electronic trading with a new reserve report this week on concern demand has shrunk ii commodity prices for almost 4 months.

 

Crude oil fell 1.1% ulan May to $ 87.73 per barrel in the Asian session. Kmarin Oil fell 2.8% to $ 88.71 per barrel on the Nymex lowest close since December 2011. Oil and other commodities weakening in yesterday's session occurred after 1 quarter growth and China's monthly industrial production is lower than anticipated, prompting fears of demand for commodities, including oil, softened.

 

CME Group Inc., The parent company of metal and energy trading market in the United States, said on Monday they increase collateral margins for natural gas by 5.6%, effective after the close of stock trading tonight. Improved margins often applied at the time of market upheaval price. This margin improvement is also applied to gold, silver and other precious metals in the futures contract.

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Crude Oil Pressured Ahead of U.S. Inventory Report

 

Wednesday, April 17, 2013

 

Traded crude turned lower on Wednesday ahead of the weekly U.S. inventory data. While a bleak picture of the world crude oil demand for 2013 is also still continue to haunt sentiment in the oil market.

 

Currently crude oil for delivery in May at around 0.8% lower at $ 88 per barrel range.

 

Oil investors have been shaken by dire warnings about the prospects of oil demand from the world's major oil 3 institutions, and the growth of disappointing economic data from the 2 biggest oil consuming nation, as well as cuts global economic growth forecast by the IMF recently.

 

From the fundamental side, the weekly U.S. oil inventory data is to be released in the next few hours will give an indication of the current level of demand. Some analysts estimate in a survey of U.S. crude oil inventories will grow by 1.2 million barrels in the week ending on April 12. Last week, the Energy Information Administration (EIA) reported a rise in U.S. crude inventories to their highest level since July 1990.

 

While globally, has so far not seen any shortage of oil supplies. Especially after the production process in the oil fields of Saudi Arabia owned Manifa can start earlier. Black gold production from this field is expected to reach 500,000 barrels per day in July and touched the figure of 900,000 barrels per day by the end of 2014.

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Japanese Crude Oil Imports Fall 3.2% In March

 

Thursday, April 18, 2013

 

Japan's crude oil import volume down sebanyaj 3.2% in March in the same month in the previous year, figures from the finance ministry showed on Thursday.

 

Japan, the world's third largest consumer, to import as many as 18.235 million kiloliters (equivalent to 3.7 million barrels per day) of crude oil last month, the data showed.

 

Compared with February imports last month with the level of imports in the number 18.689 kl.

 

Japan's crude oil demand has gradually dropped as the level of efficiency of vehicles and plant is getting better and more diversified resource-efficient.

 

This has occurred despite an increase in crude oil penguin when demand increases in the summer and winter related to the Fukushima disaster in March 2011, with most of the plants were destroyed and closed.

 

Japan for LNG imports totaled 7.739 million tonnes last month, down sebanyaj 4.8% from the previous year.

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Oil Gains, But Down Almost 4% On This Week

 

Friday, April 19, 2013

 

Oil futures back above $ 88 a barrel on Friday, as traders consider the prospect of declining production from OPEC countries after the recent price drop that caused the oil sank nearly 4% in the week.

 

An official of Venezuela's OPEC on Thursday night showed that the cartel may be able to hold an emergency meeting in response to the decline in oil prices lately, but the other members of OPEC are skeptical that the meeting would take place, according to media reports.

 

Next week, "the market will see a signal that the economy has not stopped, but the recovery is still on track," said Michael Lynch, president of Strategic Energy & Economic Research.

 

He also added that the reduction of OPEC's quota for the future would be bullish for oil, "while the rise in U.S. oil inventories padah Wednesday may cause the price will sag down again," he said.

[mynameisandhy]

Surviving Oil Near $ 88 After Dropped 3.6% Last Week

 

Monday, April 22, 2013

 

U.S. crude oil contract moved in the range near $ 88 per barrel on Monday, stabilizing after the position fell more than 3% last week due to fears of global economic growth and the impact of fuel demand.

 

June crude oil contract moved down 6 cents to $ 87.95 per barrel. The contract touched its lowest level this year last week, take action to buy from the market participants.

 

June Brent contract stays below $ 100 per barrel setelaj touched its lowest level since July 2012 on Wednesday. Price moved down 13 cents to $ 99.52 per barrel, but retain much of the appreciation in the two previous sessions.

 

Global government officials said that only with the determination of monetary policy is not enough to restore confidence in the global economy is fragile when they urged that steps are economic recovery and employment recovery sector.

[mynameisandhy]

Oil Weakens On China Data, Ahead of Inventory Data

 

Tuesday, April 23, 2013

 

U.S. oil futures fall in electronic trading Tuesday, with China's factory activity data were lower than expected increase anxiety reduction in energy demand. In the Asian session June oil contract fell 0.7% to $ 88.59 per barrel.

 

Oil futures have dropped 8% this month, partly hit by fears of reduced demand on the supply of many. U.S. inventory report will be announced Tuesday and Wednesday.

 

Last week, is the disappointing economic growth and China's industrial production monthly reports that a load of crude oil demand.