All About Commodity

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WTI oil skyrocketed Estimates Amid Gulf Pipe Line Ready to Operate

 

Thursday, October 3, 2013

 

WTI oil rose after TransCanada Corp. . said that they expect to complete work on the southern part of the Keystone pipeline expansion in late October .

 

The difference between WTI and Brent oil " European oil benchmark " on speculation that shrinking the line will help reduce inventories in Cushing , Oklahoma , which is the delivery point for WTI oil contract . The pipeline will supply 700,000 barrels per day to the Texas Gulf Coast from Cushing . Oil futures extend gains after a government report showed that inventories in the center and down to the lowest level since February 2012 .

 

" Completion of the Keystone pipeline section will make bullish for WTI but not global , " said Bill O'Grady , chief market strategist at Confluence Investment Management in St. . Louis. " We're getting closer to the completion of other routes out of Cushing , which further reduces the supply pressure at the supply center . "

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Oil Towards Strengthening Weekly

 

Friday, October 4, 2013

 

Oil to the first weekly gain in four weeks amid speculation the budget discussion deadlock will be resolved without the need for a default occurs that would harm the economy and reduce demand for oil. President Barack Obama has urged the chairman of the House John Boehner to hold vote on funding the operation, and said the vote would end the crisis.

 

"Investors are likely trying to look beyond the current crisis, and feel the crisis will soon be over. However, I would not underestimate the psychological impact of this crisis "said Eugen Weinberg, head of commodities research at Commerzbank AG.

 

Oil is currently trading at around $ 103.57 per barrel to $ 102.88 daily lows and highs $ 103.64.

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Hurricane Passes , Oil Return Doldrums

 

Monday, October 7, 2013

 

Crude oil prices back under pressure on Monday after Tropical Storm Karen subsiding threat throughout the weekend , amid lack of any hope of a resolution to address the short-term U.S. government shutdown that has entered the 2nd week .

 

Currently crude oil for November delivery traded at around $ 102.70 , or about 1.2 % below the closing price on Friday .

 

Tropical Storm Karen had forced the producers to cover nearly two thirds of their oil production in the Gulf of Mexico over the weekend . But the threat of the weather did not last long , production activity has returned to normal on Sunday after hurricane level lowered .

 

" Nothing too bearish bullish factors that will drive the market , at least until we hear significantly from the United States, " said Yusuke Seta , commodity sales manager at Newedge in Tokyo . " Most traders are still inclined to wait and see how the oil market will react . "

 

However , still seems to be weakening greenback will help limit the depreciation of crude oil prices as it makes commodities denominated in the U.S. currency becomes cheaper for holders of other currencies .

 

New liquidity flows are also likely to return to Asian markets on Tuesday , as the re- opening of the Chinese market after a week-long holiday . But not a lot of important economic data to be released this week the Chinese government , except trade data at the weekend .

[mynameisandhy]

Oil Trading Oil Inventories Decline As Seen Up

 

Tuesday, October 8, 2013

 

West Texas Intermediate oil traded near its lowest level in nearly a week before the data is expected to show a rise in oil inventories in the U.S., the country where the parliament still deadlocked over the extension of the debt limit to avoid a default on the economy.

 

Futures were little changed in New York after falling as much as 0.8% yesterday. Oil inventories probably rose for a third week, adding about 1.6 million barrels, according to a Bloomberg News survey before the government released data besaok official. President Barack Obama insists that he will not negotiate with Republicans on the issue and the government's closing of most U.S. debt limit.

 

"Debt limit debate has eroded the confidence of the recovery," said Jonathan Barratt, chief executive officer at Barratt's Bulletin in Sydney that mempredikis investors will buy WTI oil price of $ 101.80/barel.

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Oil falls Moderate Over U.S. Oil Supply Expected to Rise

 

Wednesday, October 9, 2013

 

Oil futures were slightly lower on Wednesday after a key report showed crude inventories rose take it higher than what analysts expected .

 

Crude oil for November was down about 2 cents menjad 103.47/barel in electronic trading at 11:31 pm .

 

Institute for American Petroleum Institute ( API ) reported on Tuesday evening there was an increase of 2.8 million barrels for the week ended 4 - October. Platss survey of analysts call for increase 2.2 million barrels .

 

Report for the fuel out of the API fell by 2.8 million barrels while distillates supplies fell by 1.1 million barrels . Analysts expect the supply of fuel to rise by 1.3 million barrels and distillates seen to decline as much as 1.9 million barrels .

 

Before the release of the report , oil futures closed higher , but gains petered out as the Chinese service sector activity slipping for months and the level of institutions International Monetary Fund ( IMF ) reduce global economic growth outlook .

 

Tim Evans of Citi Futures said bhawa violence in Mesur seen as a potential threat to supply , and it was " enough to give oil markets some support from concerns over the U.S. debt limit . "

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Strengthen Oil Libya turmoil

 

Thursday, October 10, 2013

 

Oil prices rose in Asian session after the revolution army kidnapped Libyan Prime Minister Ali Zaidan . Investors are worried that the kidnapping could disrupt the OPEC member country to restore its oil production with increasing political risk . The revolutionary army is a mercenary government to ensure security in Tripoli , and yet they seem to want to avenge U.S. actions that have captured one high-ranking Al - Qaeda , Abu Anas al - Liby . The army was disappointed after learning that the Libyan government in cooperation with the U.S. government to arrest al - Liby .

 

Libya has the largest oil reserves in Africa and is a member of OPEC . Libya's oil output has fallen to a low level of 150,000 barrels in September ; much different from the output of 1.4 million barrels in April . The Libyan government has tried to restore oil production is often disrupted by rebel attacks on oil pipelines and refinery facilities . Nymex oil is now trading $ 101.90 ; away from daily lows $ 101.37

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IEA Projected Increase Global Oil Demand Growth

 

Friday, October 11, 2013

 

The International Energy Agency on Friday raised its forecast for world oil demand growth in 2013 , following the increasing signs of economic recovery in the euro zone and the use of higher energy than expected in other regions .

 

In the IEA monthly oil report estimates that global oil demand will grow by 1 million barrels per day this year , an increase of 100,000 barrels per day from the previous projection . For 2014, the IEA held its forecast for oil demand growth of 1.1 million barrels per day .

 

However , the IEA also warned of significant risks that may be posed by the impact of the political impasse in the U.S. and a sharp depreciation of the currency - currency emerging markets . Although the U.S. government shutdown would likely only a limited impact on oil markets , the IEA believes if concerns over the U.S. debt ceiling still can bring negative effects to a much greater demand for oil .

 

The IEA also highlighted the political instability in the Middle East and North Africa , which still leaves the potential threat of oil supply disruptions .

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Oil prices slide on Second Day Amid Fiscal Still Continuing discussion U.S.

 

Monday, October 14, 2013

 

West Texas Intermediate oil fell for a second day as U.S. lawmakers continue to negotiate for a deal Rev limit government debt amid worries that a potential default would probably slow down global economic growth and reduce fuel demand .

 

Oil futures fell as much as 0.8 percent in New York after being closed by the weakening in the fourth week of the five week on October 11 . Senate leaders debated for nearly four hours without producing a resolution yesterday as the approach of the debt payment deadline on October 17 . Exports from China , the country 's second largest oil consumer in the world , unexpectedly dropped in September .

 

" Anxiety will remain on terusnya U.S. fiscal deadlock of negotiations , " said Jonathan Barratt , chief executive officer at Barratt 's Bulletin in Sydney who predicts investors will buy the WTI oil contract in the range of $ 101 a barrel . " Chinese export data pretty bad . "

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Oil Trying Optimistic With The U.S. Economy

 

Tuesday, October 15, 2013

 

Oil posted a slim gain widespread optimism over the sustainability of the U.S. economic recovery momentum if Uncle Sam can avoid default . The Senate is still trying to develop proposals for the debt ceiling Rev activity and normalize again the Obama administration . The Senate is expected to pass a proposal to increase the debt ceiling until early 2014 . The Senate is expected to pass the proposal , but Congress is still not clear stance against the proposal . However, investors seem upbeat U.S. lawmakers will raise the debt ceiling before the deadline , Uncle Sam coming October 17 .

 

Investors are also wary of Iran's nuclear program negotiations that took place Tuesday and Wednesday to see if there is a positive signal on the Persian country 's nuclear dispute . This is the first negotiation under the new Iranian government and the market seems reasonably expect will be the progress of the negotiations . Nymex oil is now trading $ 102.27 ; trying to stay away from daily lows $ 102.05

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Two sentiment Transcontinental weaken Oil Prices

 

Wednesday, October 16, 2013

 

West Texas Intermediate oil traded near its lowest level in three months on concern that U.S. lawmakers will fail to agree on the U.S. debt limit increase , it threatens economy in the world's biggest oil user .

 

Oil was little changed in New York after falling as much as 1.2 % yesterday , the biggest drop in a week . By the time the payment will end U.S. debt tomorrow , Senate leaders said they would reopen pembicaraam after the House of Representatives postponed a vote on a plan to reopen and Rev government debt limit . Country western diplomats will meet for a second day in Geneva with Iran for talks on nuclear program in Persian Gulf countries .

 

Crude oil for November this morning to move in the range of 101.25 a barrel , up 2 cents, in electronic trading on the New York Mercantile Exchange . Oil fell as much as $ 1.20 to 101 .. 21 yesterday , its lowest closing level since July 2 .

 

Iran told the diplomats from ASM China , France , Germany , Russia and England that they are prepared to take action to establish international confidence in the second quarter of next year , said Iran's deputy foreign minister Abbas Araghchi told reporters , without explaining more specific steps

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Oil Slips As Supply Increase

 

Thursday, October 17, 2013

 

Oil West Texas Intermediate ( WTI ) slipped after rising to its highest level in a week amid signs of rising U.S. crude inventories . Meanwhile Brent oil traded in London has narrowed the difference to the WTI oil since October 9 .

 

Oil futures fell as much as 0.5 % after rising as much as 1.1 % yesterday . U.S. crude oil inventories increased by 5.94 million barrels last week based on industry report from the American Petroleum Institute ( API ) . Oil prices yesterday rose to its highest level since 10 October as U.S. lawmakers struck a deal that ends the U.S. government shutdown that has lasted for 16 days and extend the debt payment until next year . President Barack Obama will sign the measures to become law .

 

" Resolution on the U.S. debt ceiling to provide support to the market , " overnight , said Ric Spooner , chief market analyst at CMC Markets in Sydney . "Every rebound will be limited because there is a lot of risk premium will be reduced . "

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Oil Gains Slightly Due to China's GDP

 

Friday, October 18, 2013

 

Oil edged higher on Friday due to economic growth data from China's strong second-largest oil consuming nation in the world, accompanied by a weaker dollar tends to push oil prices.

 

China's economy grew at the fastest track in the July-September period, up to 7.8% and in line with expectations. But analysts said the outlook for growth in the fourth quarter is less promising, underlines the decline in China's exports in September and volatility of global demand.

 

While speculation the Federal Reserve will not make cuts stimulus until early next year continue to pressure the dollar, which makes dollar fell sharply against major currencies, with the dollar index in the range of 79 611

 

Oil trading on Friday closed at $ 100.80 per barrel, after touching $ 101.68 intraday highs.

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Oil Drop to Below $ 100 Ahead of U.S. Supply Report

 

Monday, October 21, 2013

 

WTI crude oil prices fell to below $ 100 per barrel for the first time since July amid forecasts that crude supplies in the U.S. will rise to higher levels of 3 months. Oil prices fell as much as 1.2%, after closing down 1.2% last week. U.S. crude oil supply is expected to increase by 3 million barrels to 373.5 million barrels last week, the highest level since July, according to economists' estimates. One of the rebel group in Nigeria said it plans to exacerbate violent campaign to disrupt oil production by targeting offshore oil refinery.

 

"$ 100 is a psychological level," said Gerrit Zambo, a trader of oil at Bayerische Landesbank in Munich. "We are still bearish on the increasing oil production levels in the U.S.. Level estimates are not expected to increase dramatically. "

[mynameisandhy]

Three Suppressor Factor Crude Oil Prices Under $ 100

 

Tuesday, October 22, 2013

 

In general, the Japanese market today (Tuesday , 22/10 ) appeared lethargic carried away because global markets are less impressive plus still widespread investor pessimism on the economy of the country after the release of Sakura Japanese trade data are disappointing .

 

The value of the yen exchange rate also weakened in its 2nd day this week after the Japanese government posted a record trade deficit in 15 months in a row in September . According to the Ministry of Finance of Japan on Monday ( 21/10 ) , the level of exports slowed in September from 11.5 % the previous year and a 14.7 % decrease from the rate in August . While the value of Japan's imports rise by 16.5 % , up from 16 % the previous month . An increase in imports is mainly due to high energy prices continue to erode the value of Japan's total trade figures .

 

The difference of the value of import and export produce trade deficit in September amounted to 932.2 billion yen ( $ 9.5 billion ) , shrank slightly from figures in August amounted to ¥ 960.3 billion . But that figure ballooned from markets and analysts estimate the expected deficit of ¥ 920 billion in a Reuters poll .

 

And the value of Japanese exports slump is inevitably fueled speculation that the Bank of Japan ( BOJ ) will add stimulus to the community . Yesterday , BOJ Governor Kuroda said that policy easing will tend to weaken the exchange rate , will be maintained to keep inflation stable .

 

The impact of these data releases to this day makes the yen exchange rate fell to 98.25 against the U.S. dollar after briefly falling to the level of 98.36 . While at the closing session on Monday , the yen ended up closing at 98.18 after weak eroded to 98.24 yen , Reuters platforms .

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Oil Drops to 5 Month Low Level

 

Wednesday, October 23, 2013

 

Crude oil prices fell to their lowest level in five months as U.S. crude supplies grow, the world's largest oil consuming nation. WTI oil price difference with Brent crude hitting the highest level in almost 7 months. Oil prices fell as much as 1.2%.

 

Crude oil supplies increase by 3 million barrels last week, according to the American Petroleum Institute reported yesterday. A government report today is projected to show an increase in the amount equal to supali oil, rose for 5 consecutive weeks. Oil supply in China, the country's second-largest oil consumer, increased last month to the highest level as in January 2010, according to data pemeritnah today.

 

"The movement of WTI oil supply most of the following number in the U.S. today, and that is the reason WTI perform worse than Brent,'' said Ben LeBrun, market analyst at OptionsXpress in Sydney.

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China's Data Strengthens Performance Oil Prices

 

Thursday, October 24, 2013

 

Oil prices rose on Thursday's trading session ( 24/10 ) . Significant strengthening harvested by ICE Brent variant , which returned to positive territory after China PMI data release .

 

PMI figures surge bamboo curtain country to the highest level in the last 7 months was well received by investors commodities . Reports preliminary HSBC China Manufacturing PMI , parameters of factory activity , rose from 50.2 to 50.9 in the month of October 2013 . For the record , a number above 50 reflects an ideal growth .

 

Buying oil occurs across a broader range of products . Repair business sentiment in China has always been a driver of buying interest because this country is one of the world's biggest consumer . If the official data and private manufacturing PMI was released at a satisfactory rate , oil prices could soar even higher . WTI crude contract was recently up 60 cents to $ 97.44 per barrel and Brent variants ICE rose 10 cents to $ 107.90 per barrel .

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Oil Weakens For Third Week streak

 

Friday, October 25, 2013

 

Oil futures closed higher on Friday , rebounding after a decline in recent times , but prices are still posted its third straight weekly weakening on concern about rising U.S. oil supplies and also the disappointing economic reports which have reduced the prospects for energy demand .

 

Oil for December delivery rose as much as 74 cents , or 0.8 % , to end at $ 97.85 a barrel on the New York Mercantile Exchange . Oil briefly topped above $ 98 during Friday's session . For oil November contract expired at the close on Tuesday.

 

Based on data compiled by FactSet against Nymex crude futures contract , on the last Friday of oil end up in the $ 100.81 area , so they have dropped as much as 2.9 % for the week . As for the December contract was down by 3.2 % for the week .

 

Oil dropped for this week due to falling U.S. factory production to a record low in a year and there are seasonal refinery maintenance , which makes it a surge in crude oil supplies , said Kirk McDonald , senior analyst at Argetn Capital Management . " It seems the level of oil processing in refinery level as you move towards the summer to reduce inventory again . "

 

But on Friday , it was reported that " Saudi Arabia shipments in response to the possibility of reducing the surplus in supply and the good news of China's economy , " the report has helped the oil price increase , he added .

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WTI Oil Fluctuate Ahead of the Industry Report of U.S.

 

Monday, October 28, 2013

 

West Texas Intermediate oil fluctuate before the release of U.S. economic data that may sinyalkan when the U.S. Federal Reserve will begin to reduce monetary stimulus in the country 's largest oil consumer in the world .

 

Oil futures fluctuated in New York after falling as much as 2.9 % in the last week , the biggest drop in five weeks . A series of government data this week , which including the amount of industrial production in the estimate will show results up in September . It is still " premature " to comment on what the OPEC decision to reduce production at a meeting in December . UAE Energy Minister Mohamed Suhail Al Mazrouei said in Singapore today . The focus of the group is to ensure the supply of oil , he said .

 

" There's a lot of economic data this week , " said Ric Spooner , chief market analyst at CMC Markets in Sydney . " Weak data would be bad news for the oil market . There is a movement of resistance levels on an average of 200 days in the range of $ 98.70 and support at $ 95 , "he added .

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Oil Weakens From Top level week

 

Tuesday, October 29, 2013

 

West Texas Intermediate oil ( WTI ) fell from its highest level in a week before the U.S. government released data expected to show rising crude inventories to their highest level in four months in the country 's largest oil consumer in the world .

 

Oil futures fell as much as 0.6 % in New York , fell for the first time in four days . U.S. crude inventories rose to the highest level in six weeks , according to a Bloomberg News survey before the release of a report from the Energy Information Administration tomorrow . Goldman Sachs Group Inc. . cut its estimate for production in 2013 of the Organization of Petroleum Exporting Countries ( OPEC ) , citing the number of supply constraints from Libya .

 

" It is estimated inventories will rise , " said Eugen Weinberg , head of commodities analyst at Commerzbank AG in Frankfurt . " Reason for the weakening of WTI oil and rising inventory is among the low refinery utilization since being care and sharp increase in oil production . "

[mynameisandhy]

Oil falls for second day Amid Rising Oil Inventories U.S.

 

Wednesday, October 30, 2013

 

West Texas Intermediate oil fell , extending the second monthly decline in a row , as rising U.S. crude inventories signaled easing of demand in the world's largest consumer nation .

 

Oil futures slipped about 0.8 % in New York after the institution of the American Petroleum Institute, which is funded by the industry said that oil inventories increased by 5.9 million barrels last week . Meanwhile, according to a Bloomberg News survey of analysts say that supply will increase by 2.4 million barrels to 382.2 million , the highest level in four months , before the data release today by the Energy Information Administration agency . The economists expect the Federal Reserve will maintain monthly bond purchases of $ 85 billion at a meeting that ended today .

 

" We get requests that slowed while the operational level in the U.S. refineries are running low due to treatment , and therefore the balance of supply and demand results in surplus , " said Hakan Kocayusufpasaoglu , chief investment officer at Archbridge Capital AG in Switzerland . " Figures in U.S. supplies will be very strong for the coming period . "

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Surviving In Low Oil Level Along Higher U.S. Oil Inventories

 

Thursday, October 31, 2013

 

Oil West Texas Intermediate ( WTI ) traded near the lowest level in four months as crude oil inventories increased for the sixth week in the U.S. , the country 's largest oil consumer in the world . Libya may be able to resume production of one of the biggest refineries in the next week .

 

Futures were little changed in New York and ready for the second monthly decline . U.S. crude oil inventories increased by 4.1 million barrels to 383.9 million barrels last week , the data indicated Infromation Energy Administration of the institution . Previous oil supply is projected to increase by 2.4 million barrels , according to Bloomberg New survey of analysts . Sharara oil field in Libya may be back in operation within the next 10 days , the One A. Ben Ali , manager of international cooperation in the oil and gas ministry Libya , during a press conference in Singapore .

 

" It's tough times for the oil market , " said Ric Spooner , chief market analyst at CMC Markets in Sydney . " Obvious reason for the decline in oil prices , with U.S. data showing a rise in inventories is higher than expected . In moving average of 200 days showed effective resistance in the range of $ 98.73 a barrel , he added .

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Oil Drops Below $ 95 For First Time Since June Month

 

Friday , 1 November 2013

 

West Texas Intermediate oil fell below $ 95 perbarel level for the first time since June on sharp increases in U.S. crude supplies and the dollar strengthening against the euro , limiting commodity demand from investors .

 

Oil futures decline in four weeks menunju streak, the longest decline in more than a year. A report from the U.S. government on October 30 show supplies rose for the sixth week . Dollar strengthened against the euro for a fifth day on speculation that the European Central Bank will menguarangi interest rates to spur economic growth .

 

" The sides exchanged is the biggest influence on oil prices , " said Phil Flynn , senior analyst at Price Futures Group in Chicago . " Quite a large amount of supply at current oil market is in a decline mode . Oil also fell due to the strengthening of the dollar against the euro on expectations the ECB would trim interest rates , which makes the market so it is very bearish . "

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Oil Perched on Low Level In 4 Months

 

Monday, November 4, 2013

 

WTI oil trading near its lowest level in more than four months amid speculation that U.S. crude oil supplies will be sufficient . Brent oil traded in London as the rebound in China's service industry index rose to its highest level this year .

 

Futures were little changed in New York after falling as much as 3.3 percent last week , the deepest level since June . Crude oil inventories in the U.S. which is the largest oil consumer in the world , has risen in the past six weeks , based on data from the U.S. government . Libya has increase its production and ready to go back to be operating on eskpornya terminal , said an official at the Ministry of Oil Libya .

 

" The oil market has excess supply for some time now and it has not changed , " said Myrto Sokou , senior analyst at Sucden Financial Ltd. , in London . " Oil now react more to the news than the macroeconomic fundamentals of data , so the main focus on the day this is the key to U.S. economic data releases .

[mynameisandhy]

Fluctuating Oil Near Lowest Level 4 Months Amid rising speculation U.S. Oil Supply

 

Tuesday, November 5, 2013

 

West Texas Intermediate oil to fluctuate near the lowest level in more than four months amid speculation U.S. crude inventories will rise for a seventh week .

 

Oil futures fluctuated after rising as much as 1 cent yesterday from the lowest close since June. U.S. crude oil inventories increased by 2.2 million barrels to 386.1 million barrels last week as oil production jumped to the highest level in 24 years , according to a Bloomberg News survey before the release of data from the Energy Information Administration tomorrow . Libya prepares himself for re- export of crude oil terminal Hariga amid protests involving armed guards .

 

" What happened to the latest U.S. data seems to have put on a little surprise for the market , " said David Lennox , an analyst at Fat Prophets in Sydney . " We saw WTI oil reaction to the report gave a sharp decline and is now somewhat stable . "

[mynameisandhy]

Oil Gains Slightly Before release of the U.S. Oil Supply Data

 

Wednesday, November 6, 2013

 

West Texas Intermediate oil rebounded from the lowest level in five months before the release of a report that may show a decline in U.S. oil supplies . Prices down in recent weeks may be a bit exaggerated , according to a technical indicator .

 

Oil futures rose about 0.9 % in New York . Inventories of gasoline and distillates fell last week in the U.S. , which is the largest oil consumer in the world , according to a Bloomberg News survey before the release of the data on this night by the Energy Information Administration . Indicator of the relative strength index ( RSI ) below the level of 30 for a fourth day , sinyalkan reduction may not be sustainable .

 

" You may see a little spike before the price will go down for a while, " said Thina Saltvedt , a commodities analyst at Nordea Bank in Oslo . " Price is quite high for this season has been on the market as well supply , so they now have to stabilize to get more news , " he said today .