All About Commodity

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Welcomes Important Data, Oil Keep Performance

 

Wednesday, July 31, 2013

 

Crude oil futures contract today with the observed steady trend in rising amid investors' anticipation of the results of the U.S. central bank meeting. In addition, the release of data on the gross domestic product of this country also has the potential to affect the price of maneuver.

 

The current oil price is $ 103.17 per barrel, up about 10 cents compared to the previous day's closing price, $ 103.16. Yesterday oil lost as much as 1.4% on the Nymex on concerns about the outlook for energy demand in the future.

 

Investors await whether the U.S. central bank to keep its policy meeting today. Throughout the year 2013, the movement of crude oil is very dependent on climate easing Federal Reserve stimulus is applied, so any indication of removing a threat to price. Commodity price movements of crude oil is not too spectacular this year, 'only' up to 6% do not since the month of January. But it should be noted that the outlook for oil prices is even more brightly than any asset in the future. There are several reasons why oil will rise again or at least maintain their current position above 100 U.S. dollars per barrel. Political tensions in various areas of production has intensified in recent months. After Iraq and Libya, the leadership transition also occurs in Egypt, which is an important path of world oil distribution. Compounded by the completion of 'cold war' between Iran and the west block. When combined with poor prospects of supplies from Africa, such as Nigeria and Sudan, it is fundamental support for the complete product of crude oil. Whereas on the other hand, the level of demand is believed to continue to increase this year as many countries restructure growth-based economic policies. The improved performance of the company will have an impact on the volume of oil demand surge in the future. Yet once again for the short and medium term, the issue of stimulus and performance in advanced economies such as China and the United menjado main driver.

[mynameisandhy]

Following the oil Preserve Strengthening U.S. and Chinese data

 

Thursday, August 1, 2013

 

Maintain the strength in crude oil trading today. Optimism will be increased demand for crude oil as the improvement in the U.S. economy sustains growth of oil prices since yesterday. U.S. GDP came out better than the previous estimate.

 

Of China also released this morning manufacturing data, which showed China's manufacturing expanded again. The data is maintaining strength in oil prices following the optimism will increase demand for crude oil in the second-largest oil consumer, after the United States. Crude oil is currently trading at around $ 105.56, per barrel, and touched its highest level of $ 105.69 per barrel.

 

U.S. manufacturing data for July will be released tonight predicted better than the previous month. If the data are released in accordance with the predictions or better then the price of oil will rise again.

[mynameisandhy]

Oil slumped after the U.S. Labor Data

 

Friday, August 2, 2013

 

U.S. crude oil futures prices slumped on Friday after non-farm payrolls growth fell below expectations. However, many analysts see a drop of oil is also triggered by technical correction after rising sharply for two consecutive days of 4.7% that the U.S. push oil prices to a 2-week highs.

 

So far the price of U.S. crude oil futures for September contract fell -1.06% to $ 106.75 per barrel, after reaching its highest point at $ 110.09 intraday and daily lows at $ 108.40 per barrel.

 

Labor protests in Libya blocked the export of 1 million barrels of crude oil per day also helped to trigger a rally in oil prices earlier, but after the U.S. employment data confirming the U.S. economy is still pretty slow summer season approaches signaled that growth in oil demand in consumer countries the world's largest still moderate.

[mynameisandhy]

China Data Strengthens Oil Prices

 

Monday, August 5, 2013

 

Oil continued to strengthen after China released data on non-manufacturing PMI rose from the previous month. Index of non-manufacturing PMI or the Chinese services sector released on Saturday at 54.1 for the month of July increased from the previous month at 53.9. While today HSBC released data services business activity index of 51.3. On the last Thursday of China also released data for the PMI manufacturing index 50.3 better than expected at 49.8, and reverse previous data released by HSBC of 47.7.

 

A series of these data showed business activity expanded China again raises optimism that demand for crude oil, since China is the second largest oil consumer in the world. Besides manufacturing data from the U.S. last week also jumped higher than predicted. Oil is currently trading at around $ 107.65 per barrel.

[mynameisandhy]

Data Europe Try Recover Oil Prices

 

Tuesday, August 6, 2013

 

Crude oil prices turned higher in European trading session on Tuesday after some economic data blue continent better than expected and ahead of the weekly U.S. oil inventory report.

 

Currently crude oil for September delivery contract offered in the range of $ 107.25, or about 0.3% above Monday's closing price.

 

Euro zone economic data series that seem to be able to restore most of the positive mood of investors, who had been depressed since the beginning of Tuesday's session following the news about the operation of the re-export activity and oil production in Libya. UK industrial production was reported touching the strongest level since December 2011 with a 1.9% rise in June, which exceeded expectations of 0.9%. In Germany, manufacturing output also jumped 3.8% in June as the flood of orders in the Paris Air Show.

 

Moreover, the Italian GDP data for the 2nd quarter began easing recession also indicate the 3rd largest economy the euro zone. Italian economy to contract 0.2% reported only after shrinking 0.6% in the first quarter of this year.

 

However, investors still seem cautious in pushing prices moved higher ahead of the weekly U.S. crude inventories. American Petroleum Institute (API) is scheduled to release U.S. oil inventory report after the closing bell Tuesday. While official U.S. oil inventory report will be released Energy Information Administration (EIA) on Wednesday. Last week the EIA reported a surprising rise in the oil market of 400,000 barrels in U.S. crude stockpiles.

[mynameisandhy]

Oil Induced Anxiety tappering September

 

Wednesday, August 7, 2013

 

U.S. crude futures held in negative territory despite reported U.S. crude stockpiles shrank to -1.3 million barrels compared to the previous month's +0.4 million barrels.

 

So far the price of U.S. crude oil futures for September contract fell -0.27% in elvel $ 105.01 per barrel, after reaching its highest point at $ 105.77 intraday and daily lows at $ 104.58 per barrel.

 

Decline in oil stockpiles previously have sustained oil price rally in 6 weeks in a row. Bagiamanapun catalyst for further oil rally began to decrease so that the investor is to wait and see as the potential reduction of stimulus from the Fed.

 

Stimulus injection also plays a role to boost the U.S. economy, which supports the increase in oil prices due to the weakening U.S. dollar. But the momentum has faded as fears of a reduction in the Fed's stimulus in September.

[mynameisandhy]

China's crude oil imports in July rose to the highest

 

Thursday, August 8, 2013

 

China's imports of crude oil for July delivery surged to 6.15 million barrels per day (bpd), up 14% compared to the previous month. China, the buyer of crude oil no. 2 the world after the United States, has imported as much as 26.11 million tons in July. Data from China Customs says that imports rose by 19.6% per day from 5.14 million bpd a year ago.

 

Data imports in July rose 760 thousand barrels per day compared to the June import data of 5.39 million bpd. The results surpassed the previous record of 6.01 million bpd reached in May 2012.

 

China's crude oil demand is expected to grow to 9.96 million bpd in 2013, up 3.75% according to an International Energy Agency (IEA)

[mynameisandhy]

Oil Gains After China Data

 

Friday, August 9, 2013

 

Oil rose in today's trading after Chinese data showed the recovery optimism country with the second largest economy in the world and also the second largest oil consumer in the world. Strengthening of oil in today's trading is likely to end the slump for five days straight, but oil will still record weekly drop.

 

Bureau released figures Staistik China China's industrial production rose by 9.7% exceeded analysts' forecasts 9%, and is the fastest increase since February. Retail sales declined slightly to 13.2% from 13.3%, but still the second-best record in the monthly growth this year. The data raised optimism about oil demand from China, oil is currently trading at around $ 104.28 per barrel, away from daily lows $ 103.86 per barrel.

[mynameisandhy]

Perched on Top Oil Level In Four Days

 

Monday, August 12, 2013

 

West Texas Intermediate oil traded near its highest level in four days amid forecasts that growth in the euro zone return equal to the growth of the last quarter for the first time since 2011.

 

Fluctuating oil before the release of the data this week that may show GDP in the 17-nation euro bekembang of 0.2% in the three months through June after shrinking during the previous six quarters, according to an estimate of 21 economists surveyed by Bloomberg News. Iraq's North Oil Co., Said that they would increase the supply through export pipeline to Ceyhan in Turkey, to slow price increases. Bijam Namdar Zanganeh Iran pledged to raise production if she became Iran's oil minister.

 

"The worst is over for Europe but we expect growth remains lower than impressive growth," said Carsten Fristsch, an analyst at Commerzbank AG in Frankfurt. "I do not see the environments more lanut for rising prices at the moment. We first of all need to manggapi existing oversupply. "

[mynameisandhy]

Oil Gains on Second Day Amid Concern Supply & Middle East

 

Tuesday, August 13, 2013

 

WTI oil rose for a second day amid expectations that U.S. oil inventories fell and anxiety in the political turmoil in the Middle East will continue to limit exports of the region.

 

Oil rose about 0.8% to date. U.S. oil inventories last week fell by 1.55 million barrels, according to a Bloomberg News survey of analysts before the release of the official report from the U.S. Energy Department tomorrow. Libya's largest oil terminal still closed up yesterday after being in the open again, according to a port official. South Sudan is currently working hard to avoid termination of the planned fuel exports by Sudan on August 22, said an official of the foreign ministry today in the capital Juba.

 

"The diversity of political issues has made oil prices go up," said Frank Klump, an oil analyst at Landesbank Baden-Wuerttemberg in Stuttgart, Germany. "Rise of the last tick we get because of seasonal demand, but it will fade and fundamental factors should be weighed on prices until the end of this year. "

[mynameisandhy]

Oil Prices Depressed Ahead of Official U.S. inventories report

 

Wednesday, August 14, 2013

 

Crude oil prices slipped on Wednesday trading following the release of data on weekly U.S. crude inventories from the American Petroleum Institute that missed estimates.

 

API report showed U.S. crude inventories fell by 999,000 barrels during the week ended Aug. 9, which undermines expectations for a decline of 1.5 million barrels analysts.

 

While Citi Futures analysts see the stock decline is still in the range of expectations, although the overall outlook for commodities has grown to be more negative than positive. "Although crude oil prices are still likely to move higher in the near future, we assess if the current price level has been too high. Especially with the global supply is still likely surplus."

 

Beyond that, the focus of market participants also focused on the official report that U.S. crude stockpiles will be released Energy Information Administration (EIA) at 21:30 pm. Analysts expect the EIA to report a decline of about 1.4 million barrels in crude inventories last week.

 

Currently crude oil for September delivery contract offered in the range of $ 106.50 per barrel, or about 0.3% below the closing price on Tuesday.

[mynameisandhy]

The oil Skyrocket Amid Egypt Turmoil

 

Thursday, August 15, 2013

 

Oil West Texas Intermediate (WTI) rose for a fifth day as the worsening unrest in Egypt whose turn worries that oil supplies in the Middle East will be disrupted as well as U.S. oil inventories declined for a second week.

 

Oil rose about 0.7% to 107.60, extending gains streak since April. Oil inventories fell by 2.8 million barrels last week, the show in the data by the Energy Information Administration agencies, the decline is almost twice as much as forecast decline in predikis analysts surveyed by Bloomberg News, Egypt declared a state of emergency as ratusa people were killed after security forces broke up the protesters.

 

"Fights and kerusuahn increased in Egypt and the market fear that it will spread to neighboring countries and have an impact on oil supplies in the region," said Michael Poulsen, seoran analyst at Global Risk Management in Middlefart, Denmark.

[mynameisandhy]

Egypt unrest Oil Prices Still Shadowing

 

Friday, August 16, 2013

 

Oil West Texas Intermediate (WTI) traded near its highest level in nearly two weeks as the increasing conflict in Egypt is turning anxiety that oil shipments through the country could be disrupted.

 

Futures were little changed after climbing for a fifth day yesterday, closed with a gain longest rally since April. Egypt's Muslim Brotherhood supporters urged on to take to the streets after Friday prayers to protest the killing of hundreds of people in their group. A weather system had a 50 percent increased chance to become a tropical cyclone within the next two days that led to the Gulf Mexico. Meanwhile Libya's oil export terminal still closed.

 

"The market is not sure of the direction of the oil and look at the balance on the news," said Ole Hansen, chief commodities analyst at Saxo Bank A / S in Copenhagen. "Markets now better prepared for the disruption of that what has happened before, when we see a lot of supplies from elsewhere. "

[mynameisandhy]

Oil Weakens After Rally 6 Sessions

 

Monday, August 19, 2013

 

Oil traded lower in trading today, after previously rallying for six straight sessions. Riots in Egypt be a major driver of oil prices in the last week until today, which makes the oil continued to strengthen last week. But some analysts say the strengthening in the last week can easily be changed if there is a recovery in oil supply issues.

 

Fears of reduced oil supply resulting from the unrest in Egypt. Egypt is not a major oil producer, but Egypt controls the Suez Canal and the Suez-Mediterranean pipeline, of which 4.51 million barrels of oil delivered through the lane in 2012. Diperdagnagkan current oil in the range of $ 106.79 per barrel, away from daily highs in the range of $ 107.53 per barrel

[mynameisandhy]

Speculation the Fed Lower Oil Two Sessions

 

Tuesday, August 20, 2013

 

Oil declined for a second day amid speculation the Federal Reserve will undertake a reduction of monetary stimulus next month, reducing investor appetite for commodities and other risky assets. The Federal Reserve on Wednesday tomorrow will release minutes of the last meeting of the U.S. Federal Open Market Committee. In the minutes of the meeting will be contained information about the outlook for Federal Reserve monetary stimulus trimming process.

 

Besides the loss of a storm threat in the Gulf of Mexico, also eliminates concerns about declining oil production in the region. American Petroleum Institute is scheduled to release oil inventory data today, while the U.S. Energy Information Administration will release tomorrow. Oil is currently trading at around $ 106.12 per barrel, with daily highs $ 106.88 per barrel.

[mynameisandhy]

Trimming The Fed Speculation Pressing Oil

 

Wednesday, August 21, 2013

 

Oil back down in trading today, a weakening three consecutive sessions on speculation monetary stimulus program cuts by the Federal Reserve to strengthen the dollar, putting pressure on oil prices. Today the Federal Reserve will release minutes of its last FOMC meeting, the minutes will provide information about the outlook for Federal Reserve monetary stimulus trimming process.

 

Dollar is currently monitored rose awaits the release of the minutes. The dollar index is in the range 81.09 80.90 away from daily lows. Besides Libya reportedly will reopen some oil facilities that were previously closed due to unrest. The reopening of the facility eliminates concerns about declining oil supplies. Oil is currently trading at around $ 105.02 per barrel, with daily highs $ 150.33 per barrel.

[mynameisandhy]

Chinese Data Supports Oil

 

Thursday, August 22, 2013

 

Oil succeed in today's trading higher after declining for four consecutive sessions, helped by Chinese manufacturing data. Chinese PMI manufacturing data released by HSBC rose to 50.1 from the previous month at 47.7, and higher than the prediction of 48.3. The data showed China's re manufaktrur sector expands, causing a rise in oil demand optimism. China is the second largest oil consumer in the world after the United States, and China is predicted to become the world's largest oil consumer in the next four years.

 

Oil on yesterday's trading lower as last FOMC meeting minutes are released indicating if the U.S. central bank was still in the path towards the reduction of asset purchases next month, thus strengthening the dollar and weigh on oil. Besides U.S. oil inventory data released by the EIA also showed a decline of 1.4 million barrels in the week ended August 16, while analysts predicted a decline of 1.6 million barrels. Oil is currently trading at around $ 104.29 per barrel, away from daily lows $ 103.50 per barrel.

[mynameisandhy]

Oil Still Maintain On Level $ 105

 

Friday, August 23, 2013

 

Observed strong crude oil prices on the trading session on Friday (23/​​08). This commodity prices move in line with stocks and improved economic performance in the main consumer countries.

 

Crude oil for September delivery was recorded strong above $ 105 level or exactly at $ 105.07 per barrel. At yesterday's trading session, prices rose about 1% on the NYMEX. Meanwhile, Brent oil price variant (October contract) rose 43 cents to $ 110.33 per barrel.

 

Strengthening that occurred in the last two days triggered by improved Chinese manufacturing data and Eurozone business climate. American Petroleum Institute report also shows good prospects, where the level of demand from the United States increased by 1.7% in July compared to the previous year marked the largest number of requests since July 2010. As a result, the fact that economic recovery is spreading to the share price performance in the U.S. yesterday. The main index of the S & P 500 rose to 0.9% at the end of Thursday's session

[mynameisandhy]

U.S. Military Intervention In Syria Potential Supports Oil Prices

 

Monday, August 26, 2013

 

Terkerek U.S. crude futures rose in European session on Monday amid rising tensions over the Middle East with the potential U.S. military intervention in the Syrian conflict after the suspicion that the use of chemical weapons left hundreds of civilians died in the last week.

 

Another positive catalyst among other things, the closing of the oil terminal in Libya to export pathway, thereby depleting supply. In addition to the weak U.S. housing sector data in July also raised expectations of a delay reduction of stimulus the Fed to impose on the performance of the U.S. dollar and shore up oil prices.

 

So far the price of U.S. crude oil futures for September contract rose 12:21% at $ 106.63 per barrel, after reaching its highest point at $ 107.37 intraday and daily lows at $ 106.34 per barrel.

[mynameisandhy]

The Oil Gains After Comments from John Kerry

 

Tuesday, August 27, 2013

 

Intermdiate West Texas oil rose for a third day in four days after the U.S. said that they will hold the Syrian government penggunaa of chemical weapons, it is the turn fears that unrest may disrupt oil supplies in the Middle East.

 

Oil gained as much as 0.6 percent so far. Evidence "irrefutable" is that the regime of Bashar al-Assad's use of toxic weapons against civilians in the suburbs of Damascus, the U.S. secretary of state John Kerry. U.S. oil inventories probably will decline for a third week last week, according to a Bloomberg News survey before tomorrow's release of government data.

 

"There is an increase in the situation in Syria," said David Lennox, an analyst at Fat Prophets in Sydney. "It always brings the market back to the unstable nature of the region."

[mynameisandhy]

Iraq Will Cut Oil Exports in September

 

Wednesday, August 28, 2013

 

Iraq will reduce daily oil exports to the lowest level in 20 months in September. Iraq is OPEC's second largest oil producer after Saudi Arabia, and reportedly will send 1.76 million barrels per day of oil terminal in Basra. The export is the lowest level since February 2012. While this month Iraq exported 2:09 million barrels per day.

 

The decline is a result of planning infrastructure improvements in Basrah oil terminal carried by the State Oil Marketing Organization. Iraq will encourage exports in the next month. With the decline in oil exports from Iraq will reduce oil inventories in September so the possibility of oil prices will rise in September.

 

While the oil is currently traded higher due to the tensions in Syria. Oil is currently in the range of $ 110.53 per barrel, after touching an intraday level $ 112.20 per barrel, the highest level in the last two years.

[mynameisandhy]

Stuck in Level oil $ 109

 

Thursday, August 29, 2013

 

Oil rallied for two consecutive days finally halted following the loosening of the U.S. stance on Syria. Previously had circulated the news that the U.S. would launch military action to Syria on Thursday, after the U.S. government said the Syrian government responsible for the chemical weapons attack on civilians in the city of Damascus. Coupled with a statement of the U.S. Secretary of Defense, Chuck Hagel, who said the U.S. military's "ready to go" when President Barack Obama gave the order.

 

But the situation a little "cool down" after President Obama said yesterday he has not taken a decision for action to be taken by the U.S.. At the same time, an ally of the U.S., the UK, also said it would wait until the parliamentary vote, as early as next week, before considering joining the U.S. to launch military action.

 

Oil is still stuck dikisaran $ 109.05 per barrel, after touching the lowest level of $ 108.55 per barrel. In yesterday's trading oil closed at $ 109.45 per barrel.

[mynameisandhy]

British Parliamentary Statement Help Relieve Oil Prices

 

Friday, August 30, 2013

 

West Texas Intermediate oil fell for a second day after British lawmakers rejected a motion for a military attack on Syria, reducing the prospects for a military strike action in the near future and relieve anxiety for the widening unrest and disruption of oil supplies in the Middle East.

 

Oil has slipped as much as 1.9 percent in New York, reducing the gain of 0.8 percent in the last week. The lawmakers rejected a proposal that the proposed by Prime Minister David Cameron who want the military action after he said that the evidence of the use of chemical weapons by Syria. Supply enough oil to the global market so no need to ask for the release of emergency supplies, beradasarkan statement from the International Energy Agency.

 

"Voting against the act of the British Parliament in Syria obviously give some relief to oil prices," said Michael McCharty, chief market analyst at CMC Markets in Sydney. "Hany seems there is little intention of the United States to attack without the help of its partners. So there is no possibility of an attack at all.

[mynameisandhy]

Oil Crop Losses Post Some Solid Economic Data

 

Monday, September 2, 2013

 

Crude oil prices managed to cut most of its losses into the European trading session on Monday , as some positive economic data from major consumers ' black gold ' help dampen the momentum of the decline that has taken place since the previous 2 sessions .

 

Currently crude oil for October delivery traded at around $ 107.20 or is still about 1.6 % below the closing price on Friday , after touching the lowest price of $ 104.19 in early trading Monday .

 

Recovery of the Eurozone manufacturing sector expanded in August as the rise of factory activity in the countries which have been under pressure of a prolonged crisis , such as Spain and Italy . Recent signs of recovery from these countries , as well as bailout recipient Ireland , has helped the growth of the overall euro zone manufacturers cruised to the fastest rate in more than 2 - year , post- release Markit said its monthly report .

 

In China , the PMI data released by the government on Sunday also showed the manufacturing sector expanded faster than economists expected . While the version of the HSBC PMI data released on Monday showed that manufacturing activity index is able to return to the expansive area after suffering a decline in 3 months beurntun . With China's status as the second largest oil consumer in the world 2 , any improvement of economic prospects will certainly have a positive impact on global oil demand growth forecast .

 

In addition , the continued threat of military intervention against Syria are still going to act as a support for oil prices . Despite the decision of the British parliament has discouraged the government to engage in any military action against the regime of Bashar al Assad , oil market participants are still waiting for the decision of U.S. President Barack Obama is also awaiting congressional approval .

 

However , early trading this week is expected to take place by a thin volume as U.S. markets were closed for Labor Day holiday

[mynameisandhy]

Oil Drops Three Days Due to Supply Fears subside

 

Tuesday, September 3, 2013

 

Oil tumbled again on Monday, extending losses from the previous two days due to the easing of concerns about the U.S. military action to Syria, reducing fears of reduced oil supply. Oil's decline came after President Barack Obama on Saturday announced it will seek approval from Congress for military action to Syria after the Syrian government's use of chemical weapons to attack civilians in the last month.

 

Oil managed to trim losses after data showed China's manufacturing activity and the Eurozone will increase the prospects of oil demand. China's manufacturing activity index for August were released HSBC showed values ​​above 50 for the first time in four months, while the Euro zone manufacturing activity released data from Spain, Italy, and England.

 

Oil ended yesterday's trading at the level of $ 106.76 per barrel, after touching an intraday lows $ 104.19 per barrel.