All About Commodity

[mynameisandhy]

Economic Outlook China Shadowing Oil

 

Monday, July 1, 2013

 

Please register weakening thin oil in the Asian session after China manufacturing data kept investors worried about the outlook for world energy demand. China manufacturing index fell to 50.1 in June; worse than previous publications 50.8. Weak Chinese manufacturing data signaled continued economic slowdown can be # 2 in the world's biggest. China manufacturing index (HSBC version) even touched a 9-month low as tight liquidity in the financial system of China. Nymex oil is now trading $ 96.40; was not so far away from daily lows $ 96.05 was achieved in the early Asian session.

 

However, the potential decline in oil may be limited as the worsening political turmoil in the Middle East, the main oil-producing region in the world. Millions of demonstrators gathered in Tahrir Square demanding field Mursi resignation as president of Egypt. Thousands of protesters marched in Diyarbakir to protest the policy of the Turkish government. Egypt and Turkey is not a major oil producer, but there are fears the political turmoil could spread to other neighboring countries in the Middle East so as to disturb the political stability in the region.

[mynameisandhy]

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.

[cbs11]

Hallo,

 

It will be more helpful to oil traders if you add sentiment of oil trend for day wise or short term as per your analysis.

[mynameisandhy]

Translucent Oil Price to Top $ 100 Per Barrel

 

Wednesday, July 3, 2013

 

U.S. crude oil prices rose more than 2% to the 14-month highs above $ 100 per barrel on Wednesday, following a drop in crude supplies and concern that tensions in Egypt could disrupt oil supplies from the Middle East. Oil prices have risen more than 5% so far this week. "If the trend continues, the price can move towards $ 108 but it seems only temporary," according to Daryl Guppy, CEO of strategic technical and Guppytraders.com.

 

Instability in Egypt and Libya have supported oil prices amid concerns about oil supplies from the Middle East. Egyptian President Mohamed Morsi has been dismissed from the army an ultimatum to resolve the growing opposition to his rule, which can be 2 years after Hosni Mubarak was ousted by a similar protest.

[mynameisandhy]

Gold Fails Maintain Positive Performance

 

Thursday, July 4, 2013

 

Gold prices gradually lower on the trading session on Thursday (04/07). If this morning remained in the range of $ 1255, then in the afternoon the price down to $ 1,249.50 per ounce.

 

Strengthening of gold prices as much as $ 8.50 or 0.7% on Wednesday, a day later slowly eroded. Concern was heightened after the ouster of Egyptian President Mohammed Morsi, the easing so investors start to leave safe-haven assets. Mansour Adly had sworn to serve as interim leader and are expected to reduce the political and social conflicts that are occurring in that country.

 

Yesterday's rise also triggered by soaring interest 10-year Portuguese bonds over 8% due to the instability of national politics. Investors had worried that what happened in Portugal a signal worsening euro zone debt crisis. But as the country's bond yields decline to around 7%, the weaker is the price of gold on the commodities market.

 

In recent years, the price of gold soared thanks to support a variety of factors. Start of inflation, the Central Bank's monetary easing trend (especially the United States) to issue debt crisis that hit the European continent. However, during 2013, there is absolutely no visible signs of gold is able to repeat last year's triumph. The threat of inflation is still very low and the European debt crisis eased further. It means that the only hope for rising gold commodity to reap stay depends on the central bank's monetary stimulus climate.

 

During this time, the Federal Reserve's stimulus policies to sustain the price and make gold more affordable in the middle of the performance of the dollar exchange rate is not too high. But many market participants predict gold status will change in the next few months, as the discourse of U.S. monetary stimulus deprivation Serikat.Untuk this week alone, gold is still dealing with the release of data on non-farm payrolls that may re-emerge in large numbers so that it will trigger further selloff. If the U.S. employment data last June better than expected, then finished golden hopes to strengthen again.

[mynameisandhy]

Payrolls Results Determine Direction Oil Price Movement

 

Friday, July 5, 2013

 

Dollar exchange rate is quite strong in the middle of the central bank's monetary easing climate of the United States. For commodity investors this is not good because it makes the purchase price of products such as gold and oil become more expensive.

 

Even though it does not mean the prospect of commodity prices, especially crude oil, is no longer good for some time to come. One investor's favorite crops benefited by political dynamics in the region such as the Middle East producers and Africa. Not to mention the reduction in exports in Libya, Iraq and the decline in the supply of oil-rich European countries, Russia. It means that in general, demand and supply factors would continue to dominate price movement in the next few weeks.

 

Now the price of oil traded near its highest level in May 2012 following a rally that occurred earlier in the week after reports decline in U.S. inventories and political uncertainty in Greece. However, the performance of the price reverses to the downside if the data vulnerable non-farm payrolls figures showed tonight on the new labor estimates. The improvement of employment conditions in the United States will reinforce the reasons for the Federal Reserve to stop the stimulus program budget faster than expected. Crude oil futures contract is seen at the level of $ 101.07 per barrel.

[mynameisandhy]

Weight the Petroleum Profit-Taking

 

Monday, July 8, 2013

 

Please register weakening thin oil in the Asian session, weighed down by profit-taking after strong rally at the weekend. Agreement to reactivate two refinery facilities in Libya seems to successfully allay concerns about the outlook for supplies after the deterioration of the situation in the Middle East region. The agreement makes Libya can export oil again after being closed since last Thursday. Nymex oil is now traded 103.00; away from daily highs 103.95

 

However, the decline in oil volatility still seems limited to the situation in Egypt. 15 people died when protesters approached a military complex which is indicated as the holding place of President Mursi who had been ousted by the military. Investors worried about the political situation in Egypt because it is closely related to the security of the Suez Canal, one of the crucial oil transportation route in the world.

[mynameisandhy]

Oil Weakens Over Libyan Oil Refinery Return Operation

 

Tuesday, July 9, 2013

 

U.S. crude ends lower on Monday, bouncing down from 15-month highs as the start of Libya's oil refinery goes that helped ease fears over global supplies and violent clashes in Egypt.

 

Ongoing turmoil in Egypt, where the military overthrew president-helped send the price of Brent crude and West Texas Intermediate rocketed. During the trading session, the reinforcement subsided after a senior Libyan official told Reuters that the Sharara oil field will resume operation after reaching an agreement with armed groups closed last month.

 

The difference between Brent and WTI is now more than $ 4, after previously narrowed at $ 3.78.

 

"The market is a bit worried with large disturbances in Egypt, and probably will be a little overbought over the holiday weekend," said Phil Flynn, energy analyst at Price Futures Group. He said that it was not unusual for prices soar ahead of the weekend. U.S. markets were closed on Thursday for the Independence holiday.

[mynameisandhy]

OIL Keep Strong Performance

 

Wednesday, July 10, 2013

 

Crude oil prices continued to strengthen in the trading session on Wednesday (01/07). After a meteoric rise to the level of $ 104 per barrel, this investor favorite commodities touched daily highs and is now monitored at the level of $ 104.72 per barrel.

 

The surge in oil prices began when the American Petroleum Institute (API) announced that the domestic supply reduced by 9 million barrels in the week ended July 5. Whereas previously only Platts pollsters predict stock decline by 3.8 million barrels.

 

Market players are now focusing attention diverted into other data releases, the version of the EIA inventory report. According to data collected by the agency, U.S. oil supplies have hit a record high in 2013 because it is not matched by an adequate number of requests. Not only that, market participants should also look at the results of the Federal Reserve meeting and the OPEC monthly report. Indication of the cessation of U.S. monetary stimulus program will create demand outlook for oil prices and increasingly erratic.

[safnur]

Very good news for traders like us . Updated news that help us for well and carefully trade.

[mynameisandhy]

Oil Up Sharply On U.S. Oil Supply Decline

 

Thursday, July 11, 2013

 

WTI oil rose to its highest level in 15-months after the U.S. oil supplies fell for a second week as refineries operational level rise, increasing speculation that the abundance of oil in the central part of the state began to decrease. Oil rose 3% after the institution of the Energy Information Administration reported that oil inventories fell by 9.87 million barrels to 373.9 million, three times more than the estimated aanalis.

 

Oil stocks at Cushing, the delivery point which is Oklahama for WTI oil, natural biggest drop since 2009 as refinery utilization increased to its highest level this year. WTI prices have soared, the price of oil futures that nearly ended his contract becomes more expensive.

 

"There is no incentive for the continued holding on to supply the market in a position prices continue to climb," said Chip Hodge, an analyst at Manulife Asset Management in Boston. "You saw a sharp decline in inventories and it should still be ongoing."

[mynameisandhy]

Despite Weak, Stable Oil Weekly Line Reinforcement

 

Friday, July 12, 2013

 

Crude oil for August delivery fell 23 cents to a record level of $ 104.68 per barrel in electronic trading session today. Price correction occurs after China's finance minister said that the average economic growth of the country will only be in the 7% range this year. The percentage is smaller than previous estimates, where the Beijing optimistic growth can be stuck to a level of 7.5%.

 

The slow pace of growth in China makes crude demand outlook became unclear. Because China is the second largest consumer of the world, which plays a major role in the price movement. The situation could be even worse if the growth report released Monday showed economic activity in fact decrease the bamboo curtain country.

 

Oil prices on Thursday fell $ 1.61 or 1.5% per barrel following the projections released by the International Energy Agency (IEA). The institute predicts that the production of the non-OPEC would be higher than the voume consumer demand from the world's major regions. IEA predicts OPEC production increased by about 1.3 million barrels per day next year. Volume was higher than the previous estimate of 1.2 million barrels per day.

 

Although the price is lower, oil futures contract is still on track to close the week with a 1.6% weekly gain factor release inventory data into the motor winches prices since the beginning of the week.

[mynameisandhy]

The greenback rebounded Silence Oil Rally

 

Monday, July 15, 2013

 

Crude oil prices slipped earlier this week, having previously managed to increase the 3rd consecutive week, as the greenback recovery weighed on commodities denominated in the U.S. currency. Commodity prices tend to fall when the U.S. dollar strengthened, as a stronger U.S. currency makes commodities more expensive for holders of other currencies.

 

Currently Crude oil for August delivery traded at around $ 105.40, or about 0.5% below the closing price on Friday.

 

Commerzbank analysts argue that although technical factors still make investments in oil commodities as exciting opportunities for financial investors, "the potential correction has been increasing rapidly, especially if the financial investor decides to profit taking and closing their positions."

 

Crude prices briefly touched $ 106.34 after China data able to meet their expectations by showing a growth of 7.5% in the 2nd quarter. But it did not last long appreciation as market participants return worrying slowdown the 2nd largest economy in the world, which may not be endless.

 

Some economists still believe if the risk of further slowdown still awake following the high uncertainty in domestic and external demand in the construction sector and external, potentially sinking further China's GDP below 7.5% in the 2nd half of this year.

[mynameisandhy]

Oil Ignore the U.S. and China Data

 

Tuesday, July 16, 2013

 

Rising oil prices on Monday, and closed marginally higher as traders discounted the impact of economic data and industry mix of China and the U.S. on the level of global oil demand. China's annual GDP slowed to 7.5% in the second quarter of 2013, down for 9 of the last 10 quarters, according to government data. However, China claimed that the level of oil demand rebounded in June to its highest level in four months as a distillery back in operation. In the U.S., data showed retail sales grew less than forecast in June amplifies the signal slowdown in economic growth, while a separate report showed general business conditions index of the Federal Reserve of New York rose, indicating expansion of the plant in the region.

 

Previously oil prices had dropped because the data China who disappointing, however Apsar has been scored gain who quite significant in recent weeks and there are are three strong factor driving the increase oil prices for at this time, "said Gene McGillian, analyst on Tradition Energy in Stamford, Connecticut. "The Fed do not plan for reduce stimulus, the existence of a decrease a number of 20 million barrels of on the supply of U.S. oil, and disquiet in Egypt began to to subside. At this time the question is factor whether that will come and trigger the price increase oil? "

[mynameisandhy]

Oil Weakens Ahead of Inventory Data

 

Wednesday, July 17, 2013

 

U.S. oil inventories are expected to rise makes a bit weaker crude oil prices. Oil inventory data to be released by the Energy Information Administration (EIA) this evening. Besides strengthening dollar also helped weigh on oil prices.

 

The dollar rose before testimony Federal Reserve Chairman Ben Bernanke, tonight. Before the testimony, the data on housing starts and building permits the United States to be released that may indicate the housing sector may be increased for a second month, adding that the FMOC will likely reduce monetary stimulus. Oil is currently trading down 64 cents, or 0.6%, to $ 105.36 per barrel.

[mynameisandhy]

U.S. Unemployment Data catapulted Oil Prices

 

Thursday, July 18, 2013

 

Oil prices moved higher on Thursday after U.S. initial jobless claims figures were better than expected and the decline in domestic crude oil inventories.

 

Currently Crude oil for August delivery was trading nearly 1% higher at $ 107.50 per barrel range.

 

U.S. Labor Department report on Thursday showed new jobless claims dropped by 24,000 to 334,000 during the week ended on July 13, which exceeded expectations for a decline to 345,000 from economists.

 

Strong jobs data will usually sustain the projected growth in demand on the country's largest oil consumer in the world. This view was also supported by the 'Beige Book' The Federal Reserve on Wednesday, which showed an improvement of economic activity in the 12 districts of the United States.

 

Energy Information Administration data released Wednesday also helped prop up crude oil price appreciation. U.S. crude stockpiles EIA reported a decline of 6.9 million barrels last week.

 

Meanwhile, the focus of the oil market players are also still on the 2nd day of testimony Fed Chairman Ben Bernanke before Congress. Investors will try to look for indications of withdrawal time stimulus program that has helped sustain U.S. economic growth in recent years.

[mynameisandhy]

Towards Strengthening oil 4 Weeks streak

 

Friday, July 19, 2013

 

Oil traded near the highest level ever achieved 16 months ago, and preparing for strengthening four consecutive weeks. Oil reinforcement occurs after signs the U.S. economic recovery is going well.

 

U.S. Labor Department report on Thursday showed new jobless claims dropped by 24,000 to 334,000 during the week ended on July 13, which exceeded expectations for a decline to 345,000 from economists. While the manufacturing index was released at 19.8 is much higher than the prediction of 8.5. These data led to optimism will be increased demand for crude oil. U.S. oil inventory data released on Wednesday EIA also showed a decline of 6.9 million barrels for the week ending on July 12.

 

Oil for August delivery was slightly lower, trading at around $ 107.51 per barrel. Analysts predict oil is likely to weaken next week as oil rallied this month sekitar12% overestimated.

[mynameisandhy]

Also weakening Dollar Strengthen Oil Prices

 

Monday, July 22, 2013

 

Oil prices rose on Monday, with the weak dollar is providing support for this commodity to reach its highest level in 52-weeks.

 

Dollar-denominated commodities to profit from the decline in the greenback, with the dollar index moving weighed. Dollar loses strength against the Japanese yen as the ruling party of Prime Minister Shinzo Abe to consolidate its power in the elections at the weekend.

 

Price of oil and other commodities related to the dollar tends to strengthen when the U.S. currency loses power, as resources become slightly cheaper to buy for owners in other currencies.

 

Investors on Monday night will probably see a sign for the energy demand of the reading in July on U.S. manufacturing activity, the data from the Chicago Fed national activity, and existing home sales in June.

 

Recent decline in U.S. crude inventories and the political turmoil in Egypt has helped to strengthen oil prices almost 15% of the past four weeks.

 

"The improvement in fundamentals, reduced anxiety on reducing QE (Federal Reserve) and the still tense geopolitical situation has pushed up the price of oil in recent weeks, but the increase may not survive," wrote analysts at Barclays commodities.

 

"We expect oil prices have run out of steam, as weak demand limit increases, and we expect Brent oil will be in the range of an average $ 107 per barrel (in the third quarter), slightly below the current price level.

[mynameisandhy]

Oil Down From the Top Level 16 Months

 

Tuesday, July 23, 2013

 

Crude oil fell from a 16-month high reached last week due to declining home sales, and some companies are reporting earnings lower than expected menumbulkan fears the U.S. economy will slow, reducing fuel demand. National Association of Realtors report showed home sales in June as many as 5.08 million units, while sales of home economists forecast in June as many as 5.25 million in unit.

 

Gasoline consumption in the U.S. fell 6.1% to 8.73 million barrels in the week ended July 12. In addition to the total use of kerosene also fell in June, the lowest level in 16 years, according to the American Petroleum Institute. Oil also fell due to profit-taking after a rally that made Brent WTI oil passes for the first time in the last three years. Oil weakened 1:28% to $ 106.70 per barrel.

[orni308]

are there any chance of crude getting below $105 this week.....

[mynameisandhy]

EIA Failed to Boost Oil's Performance

 

Wednesday, July 24, 2013

 

Crude oil prices are not able to get out of negative territory on Wednesday, though the Energy Information Administration's inventory report showed a bigger drop than expected.

 

Currently crude oil for delivery in September traded at around $ 106.30, or about 0.6% below yesterday's closing price.

 

EIA report showed U.S. crude stockpiles fell by 2.8 million barrels in the week ending on July 19, which exceeded expectations for a decline of 2.5 million barrels analysts. In the same occasion EIA also reported gasoline supplies drop by 1.4 million barrels. Similarly, the supply of distillate fuel, which decreased by 1.2 million barrels.

 

Previous oil prices have been under pressure following the Chinese manufacturing activity data are weaker than expected, which hit demand growth outlook of the country's largest oil consumer in the world to-2's. The results of the initial survey version HSBC PMI shows China's manufacturing activity index fell to a 11-month to 47.7 in July from 48.2 in the previous month. This figure increased to 48.6 confront expectations of economists.

[mynameisandhy]

The increased level of U.S. Production Oil Price Drop

 

Thursday, July 25, 2013

 

Oil prices fell for a second day, extending the biggest drop in more than a month as U.S. crude oil output jumped to a high level in 22 years. Oil fell as much as 0.8% in the New York session, after falling by 1.7% yesterday. U.S. production levels increased to 7:56 million barrels last week, the most since December 1990, according to the Energy Information Administration report. Ifo index of business confidence in Germany rose in July. While the data today forecast to show an increase in the number of durable goods orders.

 

"German Ifo Index signals that countries in the euro begins to expand, although still a long way to see a prolonged growth," said Thina Saltvedt, an analyst at Nordea Bank AG in Oslo. "Although Crude has dropped as rising inventories, with data from Germany and the U.S., I think oil has hit bottom."

[mynameisandhy]

Dropped 3%, Oil Record Worst Weekly Performance

 

Friday, July 26, 2013

 

Crude prices turned lower on Friday, and has great potential recorded its first weekly decline in five weeks, as the return of concerns about China's economic slowdown. U.S. consumer sentiment data better than expected is also not able improve sentiment in the oil market.

 

Crude oil for September delivery is currently trading at around $ 104.40 per barrel, or about 1.15% below yesterday's closing price. In this week, crude oil prices have slumped more than 3% after posting a gain of nearly 15% over the previous 4 weeks.

 

Greatest pressure on oil prices for the week came from HSBC survey earlier in the week, which showed China's manufacturing activity fell to a 11-month in July.

 

"China has been and still remains the main driver of global oil demand, a dynamic that has declined considerably amid a surge in supply this year," said Commerzbank commodities analyst Eugen Weinberg. "The continued weakening demand from the 2nd largest economy in the world that will lead to greater excess supply. And financial investors see these conditions as an opportunity for profit taking, so that the oil prices are likely to remain under pressure for the time being."

[mynameisandhy]

Prince Alwaleed: U.S. Shale Oil Threatens Economic Saudi

 

Monday, July 29, 2013

 

Saudi Arabian billionaire Prince Alwaleed bin Talal, catapult concern over the surge in U.S. shale oil production, which has hit global demand for crude oil from member countries of the Organization of Petroleum Exporting Countries.

 

In an open letter on the 13th of May last, addressed to the Saudi oil minister, Ali al-Naimi and several other ministers, Prince Alwaleed said the sharp rise in oil shale production could potentially derail the Kingdom of Saudi plans to increase crude oil production capacity to 15 million barrels.

 

Saudi Arabia as the largest oil exporter in the world today there are only pumps less oil than normal production capacity due to consumers restrict their oil imports, it means that "the kingdom's economy is almost entirely dependent on oil are facing threats," said Prince Alwaleed. Keep in mind, that about 92% of Saudi Arabia's economic budget for 2013 dependent on oil.

 

In a report last month the oil market OPEC itself has estimated that the demand for crude oil from the cartel will decline in the next year to 29.6 million barrels per day, more than 600,000 barrels per day below the level in 2012. While the International Energy Agency (IEA) estimates that demand for OPEC crude will be slowing down in 2015 to 29.2 million barrels per day, before starting to rise gradually in the following years.

[mynameisandhy]

Wait Sensitive Data, Oil Prices Shaky

 

Tuesday, July 30, 2013

 

U.S. crude oil prices fell on Tuesday trading session (30/07). Price correction occurs ahead of the fundamentals, particularly the weekly supply report.

 

Crude oil August delivery fell about 19 cents to $ 104.30 per barrel. Correction has occurred on the New York Mercantile Exchange session Monday due to the emergence of concerns about the outlook for demand from China and the future of U.S. economic stimulus. Fed meeting, held today and tomorrow will answer investors' curiosity about economic policy map next few months. If the stimulus is not reduced, then the price of oil will remain strong over the joint berdenyutnya American economy amid government support. Climate stimulus will also limit the strengthening dollar, which has been the medium of exchange buying and selling commodities world.

 

The next few hours, the American Petroleum Institute is scheduled to release weekly crude oil data. Inventory levels are predicted to drop to 3 million barrels the week ending July 26, according to a survey of analysts conducted by Platts. One day later, the Energy Information Administration will announce U.S. oil inventory figures. In the four previous reporting period, oil stocks fell nearly 30 million barrels to 364.2 million barrels level.