All About Commodity

[mynameisandhy]

Weight the Chinese manufacturing Oil , Wait Inventory Data

 

Thursday, February 20, 2014

 

Crude oil is trading lower , down from a four-month high after Chinese manufacturing data showed contraction in two consecutive months , and are at their lowest level in seven months , giving a signal to the decline in demand for crude oil from China .

 

Preliminary estimates China's manufacturing activity released in February by HSBC fell to 48.3 from 49.5 the previous month . While economists earlier estimated that manufacturing activity was 49.4 . A reading below 50 indicates activity is contracting .

 

Besides manufacturing data released from the Eurozone also slowed . Eurozone manufacturing activity index in February was released at 53.0 down from 54.0 in the previous month and simultaneously break eskpetasi increase to 54.2 . German manufacturing activity index , the largest economy in Europe , fell to 54.7 from January's 56.5 . And France also experienced a similar nasig , fell to 48.5 from the previous 49.3 .

 

American Petroleum Institute yesterday said oil inventories at Cushing fell 1.82 million barrels in the week ended February 14 . While the Energy Information Administration oil inventory data to report today.

 

Crude oil has risen in the last five weeks due to winter that hit the U.S. will increase demand for energy , and supplies in the Cushing - Oklahoma fell to its lowest level since November.

 

Crude oil in today's trading in the range of $ 102.64 per barrel , with daily highs $ 102.97 , and the lowest is $ 102.43 .

[mynameisandhy]

Towards Strengthening Oil 6 week streak

 

Friday, February 21, 2014

 

The bad winter that hit the U.S. provide benefits for crude oil due to increased demand for heating fuel . WTI Crude oil is now heading straight gain in six weeks . According to the National Weather Service , temperatures in the Midwest to the Northeast U.S. will be below normal from February 25 to March 5 .

 

The slowdown in China's manufacturing activity had put pressure on the oil in trading yesterday , on speculation demand will decrease from the second largest oil consumer in the world . China's manufacturing activity showed a contraction in two consecutive months , and at the level of 48.3 in February , down from 49.5 in January. Figures in February is also the lowest in the past seven months .

 

Energy information Administration yesterday melaprokan U.S. crude oil inventories rose 973,000 barrels to 362 million barrels in the week ended February 14 . While analysts expect U.S. crude oil inventories rose 2.25 million barrels to . Additionally inventories at Cushing , the delivery hub of U.S. oil contract , fell by 1.73 million barrels .

 

Oil is currently trading slightly lower at around $ 102.73 per barrel .

[mynameisandhy]

Cold Weather In U.S. Pushes Back Strengthening Oil WTI

 

Monday, February 24, 2014

 

West Texas Intermediate oil rose from lows this week amid speculation that cold weather in the U.S. will drive demand for energy in the country 's largest oil consumer in the world . London Brent crude also rose .

 

Oil futures rose about 0.5 % in New York , stop the decline for two days . Frigid arctic air will return to the Northeast and Midwest this week , according to AccuWeather Inc. . Distilled oil reserves , a category that includes the heating oil and diesel, fell to its lowest level since November in the period ended February 14 , according to the Energy Information Administration last week .

 

" The weather is cold is good news for oil , " said Michael McCarthy , chief analyst at CMC Markets in Sydney who predicts investors will probably sell WTI oil at $ 103 per barrel range . " There is a rise in demand , which is expected due to the cold weather in the U.S. . "

 

Oil for April contract rose 50 cents to $ 102.70 per barrel in electronic trading on the New York Mercantile Exchange , and is currently moving in the range of $ 102.50 at 9:04 pm . The contract had fallen as much as 0.5 % to $ 102.20 on February 21 , the lowest level since Feb. 14 penurupan , volume of all futures trading about 25 % below the moving average of 100 days .

[mynameisandhy]

Oil Weakens Over Alleged U.S. Oil Reserves Rising

 

Tuesday, February 25, 2014

 

West Texas Intermediate oil fell for the first time in four days before a government report published in the estimate will show U.S. crude inventories rose , while the price moves close to technical levels that signal a possible price increase is excessive .

 

Oil futures in New York fell by about 0.4 % . U.S. crude oil supplies in the estimate rose to six weeks to be 363.6 million barrels , according to a Bloomberg survey of analysts before the Energy Information Administration data released tomorrow . The RSI indicator for WTI oil near the 70 level , a point where investors will typically sell their contracts .

 

" Oil has been overbought , " said Soeren Nielsen , an energy sales manager at Nordea Markets in Singapore today . " I would not be surprised if we see a correction in prices in the coming weeks . Oil bullish on this year due to the cold weather , but it's been too bullish . "

 

WTI Oil for April contract fell by 44 cents at 102.38 a barrel in electronic trading on the New York Mercantilr Exchange and is currently engaged in a range of $ 102.44 at 12.09 pm . The contract value of WTI rose as much as 0.6 % to $ 102.82 yesterday, the highest closing price since February 20 .

[mynameisandhy]

Oil worry to the U.S. Energy Demand Outlook

 

Wednesday, February 26, 2014

 

Oil down in Asian session after a series of U.S. economic data released overnight made ​​investors anxious about the energy demand outlook Uncle Sam . U.S. consumer confidence index fell from 78.1 to 79.4 into February. Richmond manufacturing index contracted to a level of -6 ; worse than level 12 expansion was achieved in January. U.S. weather forecast prediction for March also helped weigh on the performance of black gold . MDA Weather Services uttered bad winter in the Midwest and East may abate begin March 7.

 

Oil is now awaiting the U.S. oil reserves that will be released later tonight to see the condition of your supplies in the largest oil consuming country in the world . Oil reserves predicted to increase by 1.1 million barrels for the week ending on 22 February last . The increase in reserves may be higher than that recorded the previous publications gain as much as 1 million barrels . Nymex crude oil is now trading $ 101.65 ; away from daily highs $ 102.08

[mynameisandhy]

U.S. Oil Reserves Drop Prices in Return Shoot

 

Thursday, February 27, 2014

 

West Texas Intermediate oil to the monthly gain as government data showed oil inventories fell for a fourth week at the delivery point for U.S. oil contract . Premiums between WTI and Brent oil narrowed .

 

Oil futures were little changed in New York after yesterday's price rose to its highest level in a week . Oil reserves in Cushing , Oklahoma , which is the hub of the largest oil reserves in the U.S. , fell as much as 34.8 million barrels to 1:08 million barrels last week , the Energy Information Administration said yesterday . That was the lowest level since October. Distilled oil reserves , which katagorinya including heating oil and diesel , rose for the first kalinua in seven weeks as the easing of cold weather .

 

WTI Oil for April contract moved in the range of 102.35 per barrel , down by 24 cents, in electronic trading on the New York Mercantile Exchange at 8:24 pm . Oil prices rose as much as 0.8 % yesterday , the most since February 19 becomes $ 102.59 . The volume of all futures contracts traded moves about 61 percent below the moving average of 100 days . Oil prices rose as much as 5 percent this month .

 

Brent oil for April contract ended yesterday at $ 109.52 a barrel on the ICE futures exchange in London Europe . European benchmark oil ended with the premium to $ 6.93 against WTI , the smallest difference since October .

[kareem40]

mynameisandhy

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[mynameisandhy]

Strengthening Oil Monthly Record

 

Friday, February 28, 2014

 

Crude oil rose on Friday and record monthly gain after inventories in Cushing , Oklahoma , fell and the euro strengthened against the dollar . WTI traded above $ 100 per barrel in 12 consecutive days . Inventories at Cushing , the delivery point of the oil futures fell following the Keystone XL pipeline TransCanada Corp. owned . began pumping oil to Texas .

 

The U.S. Energy Information Administration said U.S. crude inventories rose 68,000 barrels overall last week , far less than analysts' estimates of 1.28 million barrels , while inventories of crude oil at Cushing fell 1.1 million barrels . The total for the four weeks ended February 21 , inventories at Cushing have dropped 7.04 million barrels to 34.8 million barrels , the lowest level since October 18, 2013 .

 

The euro surged to its highest level against the dollar in 2014 after inflation data block of 18 countries mentioned above analysts' estimates . The dollar also weakened against major currencies after the U.S. Commerce Department reported a second estimate of U.S. GDP grew by 2.4 % in the period October to December of the previous year , and compared to the initial estimate released last month by 3.2 % . The figure was also below economist estimates of 2.5 % . The dollar index against major currencies tracked down to a level of 79 776 . A weaker dollar tends to benefit dollar-denominated commodities such as crude oil .

 

Crude Oil trading on Friday closed at $ 102.76 per barrel , with daily lows $ 101.80 , and $ 102.96 high .

[mynameisandhy]

Oil Rally Due Tension in Ukraine

 

Monday, March 3, 2014

 

Oil began to rally sharply in March , driven by the increasing tension in Ukraine after Russian President , Vladimir Putin , said he has the right to invade Ukraine . Prime Minister of Ukraine Arseny Yatseniuk said Russia's move to mobilize military forces is a " declaration of war " . Russia is the biggest oil producer in the world , tensions between Russia and Ukraine sparked fears of crude supplies .

 

Putin has the support of the Russian Parliament to use military force to protect Russian citizens residing in Ukraine . Putin also told the U.S. President , Barack Obama , that he has the right to defend the interests of Russia and its citizens , as well as asking the West not to intervene .

 

Oil rallied slightly muffled by the data of Chinese manufacturing activity , which is the second largest oil consumer in the world . Data for February manufacturing index released by the Bureau of Statistics of China on Saturday and then again slowed to 50.2 , the previous month when it reached 50.5 . While the data from HSBC showed China's manufacturing activity was 48.5 , up from 48.3 the previous month . However, readings below 50 still indicates a contraction .

 

Oil is currently trading at around $ 103.78 per barrel , after touching $ 104.62 daily highs , and lows 102.93 .

[mynameisandhy]

Oil Drops Sharply Amid Lack Geopolitical Risk

 

Tuesday, March 4, 2014

 

U.S. crude oil futures fell sharply on Tuesday as geopolitical concerns reduced to disrupt the supply of oil and gas Ukraine amid crisis , so investors focus again shifted to the supply-demand fundamentals are bearish for oil .

 

So far the price of U.S. crude oil futures fell -1.24 %, to $ 103.61 per barrel , after reaching its highest point at $ 104.96 and an intraday lows daily at $ 103.30 per barrel .

 

Nymex WTI and Brent Crude was trading at both the highest level this year due to tension in Russia and Ukraine who took over the important facilities in the Crimea , and sparking fears of a wider conflict .

 

However, the reference price Crude finally slid as the lack of prospects for further violence in the region and a weak supply-demand fundamentals . Investors will await U.S. oil stockpiles report released by the API are expected to show a rise in oil supplies .

[mynameisandhy]

Moving Oil Near $ 103 After Decline Yesterday

 

Wednesday, March 5, 2014

 

West Texas Intermediate oil traded in the range of $ 103 a barrel after falling into the deepest level in two months yesterday , while Brent oil steady move in London . Crude stocks rose in the U.S. , which is the largest oil consumer in the world .

 

Oil futures were little changed in New York after falling 1.5 % yesterday amid speculation tensions between Ukraine and Russia . President Vladimir Putting saying that the propagators do not see any urgent need to attack the eastern regions of Ukraine as the Obama administration threatened sanctions given . U.S. crude stockpiles rose as much as 1:17 million barrels last week , in the report by the American Petroleum Institute . Government data today may show oil inventories increased by 1.3 million barrels , according to a Bloomberg News survey .

 

" We are now moving away from the winter and I expect the refinery would cease to be operating for a long time , meaning we could see a larger increase than expected in crude oil reserves , " said Michael McCarthy , a chief analyst at CMC Markets in Sydney . " There are still some risks to the oil of the situation in Ukraine . I see the potential behind the headline price rise further on the situation . "

 

WTI oil for April move in the range of $ 103.25 per barrel in electronic trading on the New York Mercantile Exchange , down by 8 cents, at 15:38 pm . The contract fell as much as $ 1.59 becomes $ 103.33 kamarin . The volume of all futures contracts traded around 8 % above the moving average of 100 days .

[mynameisandhy]

Anxiety Weak Demand Oil Press

 

Thursday, March 6, 2014

 

U.S. crude futures traded mixed in early European session on Thursday after the previous day dropped sharply as the easing of geopolitical tensions Ukraine and signaling weak demand in the U.S. .

 

So far the price of U.S. crude oil futures for April contract fell -0.09 %, to $ 101.35 per barrel , after reaching its highest point at $ 101.43 and an intraday lows daily at $ 100.86 per barrel .

 

Developments in Ukraine , after the U.S. and European diplomats failed to pursue negotiations between Russia and Ukraine to end a potential military intervention Moscow , U.S. Secretary of Defense Chuck Hagel stated that the U.S. would initiate military operations in Eastern Europe to respond to the violation of the sovereignty and territorial .

 

While it signals pessimism about China's GDP growth forecast at 7.5 % level triggering fears of weak demand for oil from oil-consuming countries of the world no.1 . From the supply side , the supply of oil from Libya is likely to increase next week after negotiations to resume Libyan oil production .

[mynameisandhy]

Oil Stable Near $ 102 Level

 

Friday, March 7, 2014

 

Oil traded near $ 102 per barrel level , and traded in a narrow range in the Asian session trading .

 

In trading yesterday after slumping oil had gained during the two days following the Crimean parliament who supported Moscow on Thursday to vote that would allow the southern Ukrainian region again became part of Russia , as the United States ordered the freezing of assets and travel bans against several individuals allegedly involved in the Russian military intervention .

 

Naikknya U.S. oil inventories and a drop in demand after the easing of the extreme winter in the U.S. make oil fell sharply on Wednesday . Energy Information Administration said U.S. crude oil inventories in the week ended February 28 rose by 1.4 million barrels , above the estimate of 0.9 million barrels perningkatan by economists . Distillate inventories rose 1.41 million barrels .

 

Meanwhile investors today focus on non-farm payrolls that will be released tonight . U.S. non-farm payrolls in February was estimated at 151,000 , up from 113,000 the previous month .

 

Oil is currently trading at around $ 101.84 per barrel , with daily highs and lows 102.00 USD $ 101.64 .

[mynameisandhy]

WTI Oil Exports Mired By Bad Value of China

 

Monday, March 10, 2014

 

West Texas Intermediate and Brent fell for the first time in three days after data from China's exports unexpectedly fell , sparking speculation that the country which is the second largest oil consumer in the world probably will not reach its economic growth target .

 

Oil futures fell about 1.5 % in New York . Value of China's overseas shipments fell as much as 18.1 % in February from a year ago , it was the biggest decline since August 2009 , in the report by the General Administration of Customs on March 8 . The median estimate called for an increase of 7.5 % in a Bloomberg News survey of 45 economists . WTI oil rose by 1 % on March 7 , it is the largest increase in four days , as hedge funds increase bullish bets .

 

" The fall in the value of China's exports can be seen as signs of a global economic slowdown , " said Carsten Fritsch , who is an analyst at Commerzbank AG in Frankfurt . While Chinese economic data " that became the current market fear " is estimated to expand by 7.3 % this year , he said .

 

WTI oil for April delivery fell as much as $ 1.53 into $ 101.05 a barrel in electronic trading on the New York Mercantile Exchange and is currently engaged in a range of $ 101.30 at 17:05 pm . Prices were stable in the last week , has stopped strengthening for seven weeks earlier . The volume of all futures contracts traded around 18 % move above the moving average of 100 days .

 

Brent oil for April delivery fell as much as $ 1.25 into $ 107.75 a barrel on the ICE Futures Europe . Benrt oil premium of $ 6.75 against the ICE WTI , compared with a premium of $ 6.42 on March 7 . The price difference narrowed in the last week for the fourth time .

[mynameisandhy]

Oil Moves Near Lowest Level In Three Week

 

Tuesday, March 11, 2014

 

West Texas Intermediate oil traded near its lowest level in more than three weeks on speculation that rising crude oil reserves in the U.S. , which is the largest oil consumer in the world . Brent oil steady while moving in London .

 

Oil futures were little changed in New York after falling as much as 1.4 % yesterday , it was the first decline in three days . The estimated crude oil reserves will rise by 1.85 million barrels last week , according to the estimation results in a Bloomberg News survey before tomorrow's Energy Information Administration report . Crude stocks rose to 363.8 million barrels in the last seven days , it is the highest level since December . WTI oil traded near technical indicators are supporting the price last week .

 

" There is anticipation of an increase in oil supplies in the U.S. as we enter the season changes from winter to summer , said Michael McCarthy , chief analyst at CMC Markets in Sydney , who predicts that investors might be buying WTI contract in the range of $ 100.50/barel . " There may be some gaps in production and we can see an increase in crude oil , and that's one reason we see the weakening of oil prices . Oil inventory data would be interesting to wait .

 

WTI oil for April move in the range of $ 101.40/barel in electronic trading on the New York Mercantile Exchange , rose by 28 cents, at 16.39 pm . The contract fell as much as $ 1.46 becomes $ 101.12 yesterday , which was the lowest level since February 14 . The volume of all futures contracts in perdagangakan approximately 20 % below the moving average of 100 days .

 

Brent oil for April delivery rose 35 cents at $ 108.43 a barrel on the ICE Futures Europe exchange in London . European benchmark oil premiums be $ 6.88 to WTI . Difference in price yesterday closed at $ 6.96 .

[mynameisandhy]

OPEC Upgrade World Oil Demand Projections

 

Wednesday, March 12, 2014

 

Organization of Petroleum Exporting Countries on Wednesday raised its forecast for global oil demand growth for the 2nd month in a row , while warning about the risk of a slowdown in emerging markets .

 

In its monthly oil market report , OPEC raised its forecast for demand growth this year as much as 50,000 barrels per day higher after mengatrol projection last month of the same magnitude . Increased consumption in North America as well as the increase in demand in Europe and Africa are expected to push world crude oil demand growth of 1.14 million barrels per day for 2014. That will bring the total world oil demand amounted to 91.1 million barrels per day this year .

 

" But the pace of growth in developing countries will still be the main factor determining the increase in world oil demand , " said OPEC warned .

 

Concerns about slowing growth in emerging markets , especially China , have hit commodity prices this week . The price of copper , which is often regarded as a barometer of the health of the global economy , slumped to its lowest level since July 2010 . While iron ore prices hit the lowest level since October 2012 on Monday .

[mynameisandhy]

Oil Stable Near Level $ 98

 

Thursday, March 13, 2014

 

WTI crude oil trading steady near its lowest level in the last month in the range of $ 98 per barrel in the Asian session , after slumping in three consecutive sessions . The negative sentiment continues to haunt the oil after China's poor export the data , compounded by China's industrial production in January and February were grown under estimation . The data from China gave concern of slowing oil demand from the second largest consumer in the world .

 

Industrial production grew 8.6 % in the previous two months of the year , lower than the estimate of 9.5 % and growth in December of 9.7 % .

 

While the Energy Information Administration reported that U.S. crude oil inventories rose 6.2 million barrels in the week ending March 7 , and mtelah rise in the last eight weeks to 370 million barrels , the highest level since December 13, 2013 .

 

Oil is currently trading at around $ 98.04 per barrel , after touching $ 98.41 daily highs and lows $ 97.97 .

[mynameisandhy]

Soaring Above OPEC production target They During February

 

Friday, March 14, 2014

 

OPEC crude oil production rose above their target for the first time in five months, as Iraq pump more oil in the last 35 years , according to a report from the International Energy Agency .

 

The 12 members of the organization of petroleum exporting countries ( OPEC ) produced 30.49 million barrels per day in February , up from 29.99 million barrels per day during the month of January, the Paris-based IEA said today in a report on the monthly oil market . That's about 300,000 barrels per day higher than the average level is needed in the second half of this year , according to the IEA .

 

Iraqi crude oil production jumped to 530,000 barrels per day to 3.62 million , was driven by an increase in infrastructure in the oil-producing region in the south of the country and reduced congestion at the export facilities in the Gulf countries . That is the highest level since 1979 . The value of exports jumped by 572,000 barrels per day to 2.8 million barrels .

 

" The increase is remarkable in export value in February has become an unexpected improvement for the country , which is struggling to reverse current production target , " the IEA said . The increase in export capacity and start the return of new production in the southern region of the country back to give an appointment to a higher production this year . "

 

OPEC , which supplies about 40 % of the world's oil , estimated that their members will produce about 30.12 million barrels per day last month , amid Iraqi compensation for the reduction of production in Libya and Saudi Arabia , according to a report by the group yesterday by speakers at the second . Production has reached its highest level since August .

[mynameisandhy]

Oil welcomes the IEA report

 

Monday, March 17, 2014

 

Oil prices rose after the International Energy Agency ( IEA ) raised the demand outlook and concerns Ukraine crisis will disrupt the global energy supply is . The IEA raised estimates for global oil consumption as much as 95,000 barrels per day ( bpd ) for the year 2014 due to strong economic growth . The IEA also express OPEC oil production needs to increase in order to accommodate the increase in consumption . OPEC , which controls 40 % of world oil supply is advisable to increase production by 100,000 bpd to 29.7 million bpd .

 

Investors are also concerned with the crisis Crimea Ukraine ahead of the referendum on March 16 . The meeting between the foreign ministers of the U.S. and Russia in London hinted at the lack of understanding would be the best solution to overcome the crisis of Ukraine . Markets worried about potential Western sanctions that will be imposed on Russia if Putin receives Crimea joined Russia . There are fears the U.S. and the European Union will enforce a ban on the export of Russian oil , a major world energy producer . Nymex crude oil is now trading $ 99.00 ; away from daily low -level $ 98.03

[mynameisandhy]

Oil Moves Not Of Direction Ahead of Fed Meeting & Inventory Reports

 

Tuesday, March 18, 2014

 

U.S. crude futures traded mixed in Asian and European trading session on Tuesday as a wait -and-see investors ahead of U.S. inventory stock reports and the results of the FOMC meeting .

 

So far the price of Nymex crude oil for April contract edged 0:20 % at $ 98.27 per barrel , after reaching its highest point at $ 98.39 intraday and daily lows at $ 97.75 per barrel .

 

Before oil was depressed due to the easing of the Ukrainian crisis as Western countries sanctions on Russia party is limited to certain high officials in Russia and limit the negative effects on the global economy . Optimism is also increasingly awakened after Russian PM Putin's speech indicates a potential for a diplomatic resolution of the situation related to the Crimea .

 

Separately , China's corporate bond default continues , this time returning unbalanced Chinese property developer that raised the anxiety of health financing companies in China .

[mynameisandhy]

Appreciation of the World Bank Policy Prohibition of Export of Raw Minerals

 

Wednesday, March 19, 2014

 

World Bank appreciates the steps the government issued Government Regulation ( PP ) No. 1 of 2014 which regulates the export ban on mining and mineral raw . It was delivered Sector Manager and Chief Economist for the World Bank Indonesia's economic program Jim Brumby on Tuesday ( 18/3 ) in Jakarta .

 

However, the World Bank expect the Indonesian government to conduct a more thorough evaluation , so that the policy could have been of the maximum benefit for the country . Through this policy , he said , the government is trying to encourage the domestic mining companies to build processing plants and refining minerals ( smelter ) in the country . " It ( via policy ) this will boost the number of smelters in Indonesia , because this rule aims to encourage companies in the country to build it ( smelter ) , " said Brumby .

 

He added that another positive effect of the issuance of the rule is , the construction of the smelter led to increased employment and more equitable . " Field work will definitely increase as smelters are built in different corners , " he explained . In addition , later exported mineral commodities are processed products , so that will give added value .

 

However , he warned that projections by the World Bank , the policy banning the export of minerals potentially decrease the Indonesian net trade balance of 12.5 billion U.S. dollars , and cause a loss of 6.5 billion U.S. dollars in fiscal revenue ( including royalties , export taxes and income taxes body ) for the period 2014-2017

[mynameisandhy]

Oil Translucent Level $ 100 , Closed At Highest Level In A week

 

Thursday, March 20, 2014

 

The contract value of oil futures rose on Wednesday for a closed back above $ 100 per barrel as traders assess comments from the Federal Reserve on monetary policy and the U.S. economy , and weekly data showed an increase in U.S. oil inventories and a decrease in reserves of oil products .

 

Oil prices add to gains in the closing minutes ahead of Nymex as traders digested the Federal Reserve's decision to continue tapering bond-buying program as estimated by the market . But the central bank also replace the factors that can push for the first rise in interest rates since 2006 . In a press conference , Janet Yellen said the Fed was still a little carried away optimism about the economy in January .

 

Crude oil for April contract rose by 67 cents , or 0.7 % , to close at $ 100.37 on a barrel in New York Mercantile Exchange , it is the highest closing level since March 10 . Oil traded at around $ 100.11 just before the data backup in the release of oil from the government and the oil moving in the range of $ 100 before the announcement of policy decisions at the Fed , which was released after the close of the Nymex .

 

" The announcement by the Fed does not have a major impact on the oil market , " said John Macaluso , research analyst at Tyche Capital Advisors . " The U.S. dollar rallied after the announcement, which would put pressure on oil supplies rose as the data for the eighth time in a row on Wednesday . "

 

But " next month volatility supposed to end lower as contracts come outside trading hours , " he said . Nymex crude futures contract for April expire at the end of trading on Thursday .

 

" We believe that the oil will take some support from geopolitical news or fundamentals for oil move higher again , " said Macaluso .

[mynameisandhy]

Oil soared Post Latest Country Western Sanctions In Russia

 

Friday, March 21, 2014

 

U.S. crude oil futures soared on Friday due to renewed tensions related additional sanctions that Western countries on Russia shares slump impact on Russia .

 

Traders fear if sanctions imposed by Western countries too discredit Russia party will have an impact on the new escalation of tensions that could potentially disrupt the supply of energy commodities such as oil .

 

So far the price of Nymex crude oil for May contract rose 12:31 % at $ 99.20 per barrel , after reaching its highest point at $ 99.45 intraday and daily lows at $ 98.25 per barrel .

 

U.S. and EU sanctions ERPA has added to its targets against some individuals who are considered to have the closeness politics and business with the Russian Prime Minister , Vladimir Putin . 20 names issued by the U.S. and EU 10 names by which the target of sanctions have an ownership in the banking sector as Rossiya and Sweden -based oil trading .

[mynameisandhy]

Brent Oil Up Before Data of China , WTI Stable

 

Monday, March 24, 2014

 

Brent crude oil prices traded near the highest level in a week in London, while the WTI oil remain well above $ 99 per barrel before in publikasikannya Chinese factory production index , which is the second largest oil consumer in the world .

 

European Futures were little changed after rising for two days until March 21 as Russia completed the annexation of the Crimea from Ukraine . China's manufacturing index from HSBC Holdings Plc and Markit projected to be 48.7 this month , compared with 48.5 in February , according to the median estimate of analysts surveyed by Bloomberg News . Readings below 50 sinyalkan contraction .

 

" We did see the numbers that are very weak in February and it has been on the market value for the low growth outlook , " said Michael McCarty , chief analyst at CMC Markets in Syndey . " If it's just a matter of distortion of the Lunar New Year holidays we tend to see the positive revaluation of China's growth . For Brent , we saw the price will move in the range of $ 106.50 and then we can see Brent retest to $ 110 . "

 

Brent settlement price for the month of May to move in the range of $ 106.80 , down by 12 cents , on the ICE futures exchange in Europe today . Oil futures rose as much as 47 cents on March 21 , trim weekly loss to $ 1.65 , or 1.5 % .

 

WTI oil for May contract fell 13 cents to $ 99.33 a barrel in electronic trading on the New York Mercantile Exchange . The volume of all futures contracts traded around 51 % below the moving average of 100 days . U.S. oil cut into a $ 7.47 premium to Brent . Prices rose by 0.9 % this year .

 

World leaders gathered in The Hague to discuss the tension in Ukranina as Western countries express concern that Russia put its troops on the borders of the neighboring countries .

[mynameisandhy]

Strengthen Supply Disruption of Libyan Oil

 

Tuesday, March 25, 2014

 

Oil traded tough the range $ 100 per barrel after Libyan oil production cut of about 80,000 barrels to 150,000 barrels per day after the closing of most of the major oil fields . Libya's oil output has dropped from 1.4 million barrels per day in July 2013 as a result of strikes and protests .

 

Expectations will be an injection of monetary stimulus in China to re-ignite growth seen slowing Chinese economy also give positive sentiment for oil . The recovery of the Chinese economy could increase demand for oil , China is the second largest oil consumer in the world .

 

Possible disruption of world oil supply will also come from Russia . Leaders of the G - 7 agreed to reduce dependence on oil from Russia , as a sanction for the action of Russia took over the Crimea .

 

The American Petroleum Institute will release data on U.S. oil inventories today , while the U.S. Energy Information Administration will report tomorrow . Based on data from EIA last week , U.S. oil inventories have risen in nine consecutive weeks .

 

Oil is currently trading at around $ 100.07 per barrel , with daily lows and highs $ 99.23 $ 100.20 .