All About Commodity

[fxapex]

syrian situation is making crude shaky.......

[mynameisandhy]

Oil Prices Surge After Retiring Early Week

 

Wednesday, September 4, 2013

 

WTI crude oil prices tracked down in electronic trading session on Wednesday (04/09). Strengthening of prices that occurred one day earlier eroded by the strengthening of the dollar exchange rate in the last few hours.

 

Crude oil delivery in October fell by around 28 cents to $ 108.26 per barrel. At Tuesday's session, which stood victorious oil reached 0.8% gain.

 

A small drop is happening today is more due to the strengthening of the exchange rate of the dollar against major world currencies-currencies. ICE Dollar Index rose from 82 344 (Tuesday 03/09) to 82 386 positions. The increase in the exchange rate of dollar makes commodities priced favorite actors the world market becomes more expensive than the current dollar weakened. So do not be surprised if investors menahak away from taking long positions temporarily until the exchange rate declined again.

 

In general, portrait supply and demand fundamentals are still very supportive of the movement of crude oil prices in the medium term. Tension tension between blocks west and Syria will not subside in the near future. Stakeholders in Washington is seeking congressional approval to attack the leadership of President Bashar al-Assad that. The latest news said that the commission abroad the United States Senate has given approval to Barack Obama to complete his mission in the Middle East. The higher the potential for war, then the price of oil is increasing as well as decreasing the risk of supply being raised.

[mynameisandhy]

U.S. Still Consider The attack on Syria, Oil Fall

 

Thursday, September 5, 2013

 

Oil closed sharply lower on Wednesday after the U.S. military action prediction to Syria in the near future begin to fade, reducing fears of crude supply disturbance. Syria is not a major oil producer, investors are worried if the possibility of a military attack on Syria led to the widening unrest in the Middle East and disrupt oil supplies from the region which pumps a third of the world's crude oil.

 

Russia said the U.S. Congress has no right to approve an attack on Syria without the approval of the UN Security Council, but Russia would also participate in the attack on Syria if the Syrian government proved using chemical weapons. Oil on yesterday's trading closed at $ 107.23 per barrel.

[mynameisandhy]

Fluctuating oil supply decline in the U.S. Central

 

Friday, September 6, 2013

 

West Texas Intermediate oil to fluctuate as oil supplies decline and President Barack Obama seek diplomatic support to U.S. military raid into Syria at the G-20 summit meeting in Russia.

 

Oil was little changed in New York after rising to its highest level in a week yesterday. Obama arrived in St. Petersburgh and began to meet with other leaders of the G-20, he tried to persuade its allies to provide support for the actions of U.S. politics even if they do not give military support. Oil inventories in Cushing, Oklahama. Which is the delivery point for WTI, fell to its lowest level in 18 months.

 

"Syria is the focus on the moment and the way how the attack will happen will determine how the movement of oil," said Jonathan Barratt, chief executive officer at Barratt's Bulletin in Sydney who predicts investors may sell oil futures WTI in the range of $ 112.50 per barrel. "There will be a spike. In fact there will be a considerable thrust to exceed the level of $ 112.50. "

[mynameisandhy]

Flat Waiting Syrian oil Clarity

 

Monday, September 9, 2013

 

Oil tends to trade on the trading day flat as investors would not meet the clear action plan will be the U.S. military. The U.S. Congress will vote this week against military action will be launched. Semenatara President Barack Obama is scheduled to make a speech about plans for military action tomorrow night in Washington.

 

In trading Friday oil rally and closed at its highest level since May 2011, after the Russian President, Vladimir Putin, said Russia will continue to support Syria if Western powers launch a military action, it raises concerns over the possibility of widening the conflict. Oil also benefited due to the non-farm payrolls for August released is lower than expectations, slightly dampen speculation the Federal Reserve will undertake a reduction of monetary stimulus this month, putting pressure on the dollar prices are favorable for dollar-denominated commodities.

 

Oil is currently trading at around $ 110.08 per barrel, with daily highs $ 110.35 per barrel, and the lowest $ 109.74 per barrel.

[Scarlett Mason]

I normally trade with currency and after reading this i am being interested to trade with oil , so i have to study more about this , thanks for share about this important post

[mynameisandhy]

Plans to attack Syria Fades, Oil Slips

 

Tuesday, September 10, 2013

 

Oil traded lower back for a second day after U.S. military action plan to Syrian slightly faded. Previously Russia asked Syria to hand over to the international chemical weapons to prevent U.S. military attack. Russia's response to the statement of Minister of State, John Kerry, who urged Syria to give up its chemical weapons to prevent a U.S. military attack.

 

The Syrian government also reportedly welcomed the idea, so a little assuage fears of oil supply disruptions from the Middle East if the United States launched military action. Oil touched intraday lows $ 108.18 per barrel, before reducing the weakening economy after China released data that slick.

 

China's statistics bureau data showed China's industrial production reached 10.4%, accelerating from 9.7% in July and from exceeding estimates by 9.9%. Separate data showed China's retail sales also meingkat to 13.4% in August, compared with the same period in the previous year by 13.2% and 13.3% estimate. In addition to the fixed asset investment, assessment for construction activity rose to 20.3% from 20.1% the previous release.

 

Oil is currently trading at around $ 108.65 per barrel.

[mynameisandhy]

Obama Observe Russian Proposal , Oil Slump

 

Wednesday, September 11, 2013

 

Oil in trading today traded lower back, and a decrease in three consecutive days. Oil began to weaken in the aftermath of President Barack Obama will say though skeptical Russian proposal, Obama will see first if tersbut proposal can be realized or not.

 

Obama's remarks eased fears of a war that would disrupt oil supplies from the Middle East. According to the International Energy Agency, the Middle East accounted for 35% of total world oil production in the first quarter of this year. Syria borders Iraq which is the second largest producer after Saudi Arabia.

 

Meanwhile U.S. oil inventories last week predicted predicted to fall 2.2 million barrels, the Energy Information Administration will release data on the supply of oil today. Decline in U.S. oil inventories will likely strengthen oil. Oil is currently trading at around $ 106.87 per barrel, the highest intraday level of $ 107.35 per barrel, and daily lows touched $ 106.37 per barrel.

[fxapex]

Crude prices are still predictive as situation in Syria and Egypt are not transparent....

[mynameisandhy]

Currency depreciation Risk of Developing Countries Pressing Oil Demand

 

Thursday, September 12, 2013

 

Drop in currency exchange rates of developing countries the latter could reduce the level of global oil demand if it continues, according to the International Energy Agency (IEA) on hariKamis, while estimating the increase in the oil supply in the next few months. Developing countries are under pressure in 2013 amid speculation oblgiasi purchase program by the end of the Federal Reserve, by the currencies of countries such as India, Turkey, Russia, and Brazil are in tremendous pressure. Given the assessed oil in dollars, currency depreciation on oil importing countries means increased costs for oil-importing and may result in reduced levels of demand.

 

"Sharp depreciation of the currency in most developing countries since the first quarter of 2013, if it continues to happen, it will probably have an impact on oil demand," said the Paris-based IEA on oil market report in September. "Given the recent currency depreciation occurs when the price of oil in dollars is already high, the continued depreciation of the currency would likely translate into a decrease in the rate of oil consumption." The IEA, which represents the member states, said the depreciation of the currency against the dollar would make it more difficult developing country governments to protect consumers against price volatility by subsidizing domestic oil prices.

[mynameisandhy]

U.S. - Russia Start Talks, Fluctuating Oil

 

Friday, September 13, 2013

 

Oil swing between strengthening and weakening as the start of talks between the U.S. and Russia to discuss plans for the delivery of chemical weapons Syria to avoid a U.S. military attack, thus reducing fears of disruption to oil supplies from the Middle East.

 

U.S. Secretary of State and the Russian Foreign Minister, Sergey Lavrov and John Kerry, will focus discussions on how security, transportation, destruction and monitoring of Syrian chemical arsenal.

 

In yesterday's trading oil rose for a second day after the institution of the International Energy Agency issued a forecast increase in global oil demand next year. Global oil demand is expected to grow by 1.1 million barrels per day, or 1.2%, to 92 million barrels per day next year.

 

Oil is currently trading at around $ 108.54 per barrel, the highest intraday level and the lowest $ 108.71 $ 108.48.

[mynameisandhy]

Oil Weakens Over The Top Suspense letup Syria

 

Monday, September 16, 2013

 

West Texas Intermediate oil fell for a second day on signs that the threat of a military attack on Syria soon subsided as the U.S. follow a plan to seize the country's chemical weapons.

 

Oil futures fell as much as 1.6 percent after falling to deepest level in a week since July. U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov on September 14 in Geneva to agree on a framework to find and destroy the toxic gas inventories owned by President Bashar al-Assad's. Ingrid storms set to come on this day on the east coast Mexico, moving away from the Bay of Campeche where Petroleos Mexicanos has two biggest oil refineries.

 

"Tensions over Syria subsided," said Andrey Kryuchenkov, an analyst at VTB Capital in London. "Fundamentally there is little justification for the current price.

 

On the afternoon of oil was observed to move in the range of 106.58 to 106.46 and the lowest level at the highest level at 107.97.

[mynameisandhy]

Oil falls Talks Over Syria & Libya Production recovery

 

Tuesday, September 17, 2013

 

West Texas Intermediate oil slipped for a third day as the U.S. agreement with Russia to dismantle chemical weapons Syria which has eased the threat of military invasion as well as the recovery of Libyan oil.

 

Oil futures have fallen so far as 0.9 per cent today to the lowest level in two weeks. U.S. secretary of state John Kerry joined the French and British diplomats in the UN resolution calling for Syria eliminate chemical weapons, with the aim of forcing President Bashar al-Assad's fall from power. Libya has restored about 25 percent of crude oil production after talks between the government and striking workers, while the oil terminal in Mexico back in open as the weakening storm Ingrid.

 

"The situation in Syria is now all look more diplomatic than the establishment of a U.S. military attack plans in order for the UN resolution," said Robert Montefusco, senior broker at Sucden Financial Ltd.. in London. "We still have room to decline, but prices will not collapse like that.

[mynameisandhy]

Oil Positive Moves Before Federal Reserve's decision

 

Wednesday, September 18, 2013

 

Oil West Texas Intermediate (WTI) rose for the first time in four days ahead of the Federal Reseve decision on the purchase of bonds and U.S. government data expected to show crude inventories dropped to their lowest level in a year.

 

Oil futures rose about 1.1 percent. Crude oil inventories fell by 1.2 million barrels last week to 359 million, the lowest level since at least August 2012, the show in a survey by Bloomberg News before the release of a report on tonight Energy Information Administration of the institution. The Federal Open Market Committee (FOMC) meeting is being held during the two days that will probably result in a decision to reduce the amount of bond purchases is currently at $ 85 billion / month, based on the median response of 64 economists surveyed by Bloomberg News.

 

"Placement positions fed to a decision on this night will be the main reason" for the movement of oil, said Michael Poulsen, an analyst at Global Risk Management in Denmark. "What will be interesting is how the market will interpret the Fed's actions. Will the reduction of economic means or the economy back on track will be a focus on the low amount of money that will be circulated to the market. "

[mynameisandhy]

The oil Strong Hold Over Fed Policy

 

Thursday, September 19, 2013

 

West Texas Intermediate oil rose to its highest level in a week after the Federal Reserve said that they will maintain monthly bond purchases to stimulate economic growth in the United States, which is the largest oil consumer in the world.

 

Oil futures today has gained about 0.8 percent to its highest level is at 107.95 at 16:19 pm after rising to its highest level in more than three weeks yesterday. The Federal Reserve Open Market Committee said that they would resume bond purchases by $ 85 billion for each month. U.S. crude stocks fell to the lowest level since March 2012, and oil inventories in Cushing, Oklahoma, which is the delivery point for WTI oil, down to 11 weeks, according to the government report yesterday.

 

"Reversal of tapering policy is a tremendous shock," said Guy Wolf, chief global analyst at Marex Spectrum Group in London. "In the short term this will be a lot more positives than negatives for the market over the tapering is de facto monetary tightening. In the long run, the picture is less positive. "

[mynameisandhy]

Oil slips Ready For Second Week As The recovery of Libyan oil

 

Friday, September 20, 2013

 

West Texas Intermediate oil to the decline in the second week as the recovery of Libyan oil production and the easing of military threats against Syria, which reduces the anxiety that oil supplies from the Middle East will be disrupted.

 

Futures were little changed today, with around 1.8 per cent down on the week. Libyan production will go up more than half of its peak this year and five of the country's nine export terminal has been back in operation, the Libyan oil minister said in a statement. Syria will provide information about the chemical weapons, and will open the facility to international inspectors, said Bahsar President al-Assad in an interview with Fox News on September 18.

 

"The risk of Syria which is driving bullish on oil has to switch sides fully and of course now we have seen the re-operation of Libyan oil refineries connected to the western countries," said Bjarne Schieldrop, head of commodities at SEB AB in Oslo. "we are still in a tough market, but we expect prices will fall further in the fourth quarter. "

[mynameisandhy]

China PMI Data Supporting Oil Prices

 

Monday, September 23, 2013

 

Crude oil prices traded slightly higher early in the week after strong Chinese manufacturing data boosted the outlook for demand growth that is more sunny than-largest oil consumer in the world 2.

 

Currently crude oil for November delivery traded at around $ 104.95 per barrel, or about 0.1% above the closing price on Friday.

 

Oil prices continued to decline during the last 2 weeks as the easing of concerns about potential U.S. military intervention in Syria. UN reportedly plans to begin discussing the proposed U.S. and Russia, Syria chemical disarmament. Partial restoration of Libyan oil output that previously hit by prolonged unrest also contributed to the decline in crude oil prices.

 

While the positive signal of nuclear negotiations between the U.S. and Iran could also weigh on oil prices further. President of Iran, Hassan Rouhani, is expected to try to seek sympathy in New York this week in an attempt to start a new round of negotiations of major world powers. Potentially negative pressure also presented South Sudan, who have raised their oil production capacity to the highest level, following a dispute with Sudan melting.

 

Beyond that, the oil market players are also still looking for clues about when the U.S. Federal Reserve will begin to slow the rate of $ 85 billion in bond purchases. After surprising the market by maintaining stimulus program unchanged, any indication of the existence of tapering the Fed meeting in October and will return the strengthening greenback makes commodities denominated in the U.S. currency become more expensive for holders of other currencies.

[mynameisandhy]

Depressed oil prices Discussion Toward Nuclear Iran

 

Tuesday, September 24, 2013

 

Crude oil prices continue to decline for 4th straight session on Tuesday, before the discussion of Iran's nuclear program in the UN General Assembly's annual meeting.

 

Currently crude oil for November delivery traded at around $ 102.90 per barrel, or about 0.7% below the closing price on Monday.

 

Iranian President Hasan Rouhani has been confirmed to attend the annual meeting of the UN General Assembly. Meanwhile, Iranian Foreign Minister Javad Zarif on Thursday will hold a meeting with U.S. Secretary of State John Kerry and representatives of five other major world powers to discuss the continuation of negotiations on Tehran's nuclear program.

 

In addition, traders are also awaiting U.S. oil inventory level report from the American Petroleum Institute (API) which will be released in the next few hours and the crude oil inventory report from the U.S. government on Wednesday.

[mynameisandhy]

Oil Down After Oil supplies are In U.S. Unexpectedly Rise

 

Wednesday, September 25, 2013

 

Oil futures turned lower on Wednesday after the Energy Information Administration agencies provide a weekly report showing an unexpected rise in U.S. oil inventories. EIA reported that crude oil inventories for the week ending on September 20, rose as much as 2.6 million barrels. Analysts surveyed by Platts had previously forecast there will be a decrease of 1.5 million barrels. Gasoline inventories rose 200,000 barrels, while distillates inventories fell by 200,000 barrels, the EIA said. Gasoline inventories had been expected to fall as much as 1.5 million barrels, while distillates are expected to fall as much as 1 million barrels. After the release of the latest data, oil traded in the range of $ 103.00/barel, fell as much as 13 cents, or 0.2 percent on the New York Mercantile Exchange. Oil traded before the report was released in the range of $ 103.45

[mynameisandhy]

As oil weakens Iran's President Visits To UN Headquarters

 

Thursday, September 26, 2013

 

Oil West Texas Intermediate (WTI) traded near the lowest level in 12 weeks. Diplomatic efforts to end Iran International sanctions that may only be a limited impact on oil prices, said Bank of America.

 

Futures were little changed after sliding as much as 0.5 percent yesterday after a government report showed that U.S. crude inventories rose. While Iranian President Hassan Rouhani visit to the United Nations in New York this week to raise expectations for the latest talks on its nuclear program and international sanctions them, there are no official meetings scheduled between U.S. President Barack Obama and Rouhani.

 

"The easing of geopolitical risks over Iran and an unexpected rise in U.S. crude inventories," has pushed oil prices lower, said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt.

 

Oil when it was observed to move in the range of 102.66 to 102.84 at the highest level and trendah at 102.18 on chart metatrader at 17:25 pm

[mynameisandhy]

Oil Weakens Amid Negotiations at the UN Over Syria

 

Friday, September 27, 2013

 

WTI oil moves menunju third weekly weakening as the five permanent members of the UN Security Council prepares to vote on a resolution to disarm Syria chemical weapons, it defuses the risk of wider conflict in the Middle East.

 

Oil futures today has dropped by 0.7 percent, and down about 2 percent this week in weakening the longest in four months. The UN Security Council will hold a vote today on a resolution demanding the government of President Bashar al-Assad to hand over chemical weapons. Oil prices yesterday attractive as the number of jobless claims unexpectedly dropped, while growth in the world's biggest economy rose in the last quarter.

 

"International dialogue on the situation in Syria has weighed on oil prices this week," said Robert Montefusco, senior broker at Sucden Financial Ltd.. in London.

[vic84]

can oil touch a $100 mark, dont think so....

[mynameisandhy]

U.S. budget deadlock and undermine China Oil Data

 

Monday, September 30, 2013

 

Crude oil prices fell more than 1 % in early trading this week , amid uncertainty about the U.S. budget and Chinese manufacturing data after a weaker -than-expected .

 

Sentiment oil market participants continue to be overshadowed worries about the U.S. budget negotiations impasse in Congress . Failure of Republicans and Democrats to agree on a budget in the new fiscal year will begin on Tuesday, forcing the closure of government are at risk for the first time in 17 years . Which will make thousands of government employees can not work .

 

Price of ' black gold ' is also burdened by the final estimate of China's manufacturing index in September , which was revised down by HSBC to 50.2 from the prior estimate of 51.2 .

 

In addition , the easing of geopolitical factors from the Middle East sent oil prices lost thrust .

 

Currently crude oil for November delivery traded at around $ 101.10 , or about 1.5 % below the closing price on Friday .

[mynameisandhy]

Dynamics of U.S. Politics Oil Prices Drop

 

Tuesday, October 1, 2013

 

Crude oil prices fell on Tuesday trading session (01/10). 11 hours of talks on cessation of activity of the United States government does not necessarily restore investor confidence in the business prospects of superpower.

 

November crude contract delivery was observed at position $ 101.94 per barrel, down about 39 points from the opening level. On Monday, oil fell after the release of Chinese manufacturing data, the figure is lower than expected. Throughout the month of September, oil prices fell 4.9% for the third quarter although the price rose 6%.

 

American Petroleum Institute will announce the weekly report in the next few hours. Meanwhile, the Energy Information Administration is scheduled to release the results of its survey on Wednesday tomorrow. Predicted commercial oil stocks rose 2.4 million barrels last week for the period (Platts survey).

[mynameisandhy]

Oil spills Stock Threatened by Iran

 

Wednesday, October 2, 2013

 

Political dynamics can not be separated from the movement of commodity prices , especially crude oil . Although escalation subsided , the Middle East issue surely is the risk of creating price volatility .

 

After gradually deserted the Syrian issue , another issue emerged political tension between the United States and Iran . The main topic was the same , namely the efforts of nuclear disarmament source that has long been developed by the Tehran government . Instead of an impact on the price increase , the potential for economic sanctions against Iran blocks west it could result in price reductions . According to Morgan Stanley analyst team , any sanctions against Iran could push the country to release large amounts of oil reserves . Supply to the market release of the decision will ultimately have an impact on price weakness . Apart from the national income , the release of large amounts of oil reserves is a weapon to destabilize the market .

 

Morgan Stanley is more concerned with the amount of oil reserves than Iran's daily production . Given the volume is much greater than the production capacity in several major refineries . " We expect Iran will close the year with a reserve capacity of 110 million barrels . Since the beginning of 2013 , Iran has stockpiled 23 million barrels and will add 2.2 million barrels of offshore mining results in October , " explained Morgan Stanley in a release . Even if later 25 million barrels of oil were sold to the purchaser , the rapid pace of Iranian production would immediately supply the deficiency . The balance of world oil supply may be interrupted because of the total production of Iran every year .

 

Oil prices had surged in recent weeks and had time to explore the position of $ 110 per barrel . Price increases occur more drastically decline triggered by the risk of supply from countries the world's biggest producer . Political tensions in Syria even successfully keeping oil remains in an elevated position when the country is not in the list of essential commodities exporters . Crude oil prices are now monitored at the level of $ 101.56 per barrel .