All About Commodity

[mynameisandhy]

Oil Gains Sustained Consumer Data

 

Wednesday, March 26, 2014

 

U.S. crude oil futures propped at the opening session of Wall Street as the improvement of consumer confidence index rocketed to its highest level since before the financial crisis.

 

So far the price of Nymex crude oil for May contract jumped 0.71% to $ 99.89 per barrel, after reaching an intraday highs at $ 99.95 per barrel and daily lows at $ 99.10 per barrel.

 

U.S. consumer confidence index rose to its highest level since January 2008, triggering expectations of high demand from the United States. Another positive catalyst is China's expectation of monetary easing that helped create the economic growth potential, in addition to the prospect of a declining supply of Libyan oil reserves

[mynameisandhy]

Oil soars Middle Drop In Supplies In Cushing

 

Thursday, March 27 , 2014

 

West Texas Intermediate oil traded near its highest level in a week as crude stocks fell in major U.S. refineries and fuel demand will reach its highest level in three weeks .

 

U.S. oil futures contract value of moving hanyas little changed after rising by 1.1 % yesterday to closed above $ 100 for the first time in a week . Oil reserves in Cushing , Oklahoma , which is the delivery point for WTI oil , shrank for the eighth week to the lowest level in two years , according to the Energy Information Administration . Fuel demand exceeds 9 million barrels per day for the first time this year .

 

" The fall in oil reserves at the delivery point of WTI oil clearly pushed up oil prices , " said Hong Sung Ki , a commodities analyst at Samsung Futures Inc. in Seoul . " It seems constraints in supply has been resolved . "

 

WTI oil for May contract moved in the range of $ 100.30 per barrel , up by 4 cents, in electronic trading on the New York Mercantile Exchange at 10:00 pm . Oil yesterday rose by $ 1.07 becomes $ 100.26 , it is the highest closing level since March 19 . The volume of all futures contracts traded around 71 % below the moving average of 100 days . Prices have increased by 1.7 % this year

[mynameisandhy]

Oil Ready For Second Weekly Increase

 

Friday, March 28, 2014

 

West Texas Intermediate oil headed for a second weekly gain amid shrinking oil reserves in major U.S. refineries in Cushing , Oklahoma , and worried about the crisis in Ukraine will threaten supplies from Russia .

 

Oil futures were little changed in New York after yesterday rose by 1 percent to its highest close since March 7 . Supply at Cushing , which is the delivery point for the WTI contract , fell last week to the lowest level in two years , at the government data show . Meanwhile , the crisis in Ukarina may be increased , after President Barack Obama said this week , has warned of additional sanctions on Russia which may belong to the energy sector .

 

" The shrinking reserves in Cushing certainly have a strong impact , " said Lee Chung Jai , an analyst at IBK Securities Co. . , In Seoul . " Tensions between Russia and Ukraine also led to debate on whether the U.S. should lift a ban on the export of their energy resources or not , I think that it is another factor that has been moving the price of oil . "

 

WTI oil futures for May rose by 4 cents to $ 101.32 per barrel in electronic trading on the New York Mercantile Exchange at 8:48 pm . Value of the contract yesterday rose by $ 1.02 into $ 101.28 . The volume of all futures contracts traded around 47 percent below the moving average of 100 days . Prices have increased by 1.9 % this week , up by 3 percent this week .

[mynameisandhy]

Oil Decline In Middle Talks Between U.S. and Russia

 

Monday, March 31, 2014

 

West Texas Intermediate oil slipped from its highest level in three weeks , slashed its quarterly gain on speculation talks between the U.S. and Russia that would defuse the crisis over Ukraine .

 

Oil futures fell about 0.3 % in New York . The U.S. and Russia saw the need for a diplomatic solution to the situation in Ukraine , said Minister of State in John Kerry in Paris yesterday after a meeting with Russian counterpart , Sergei Lavrov . Oil rose on March 28, after data showed U.S. consumer spending rose in February to its highest level in three months .

 

" Overall the trend is bearish for commodities , " said Jonathan Barratt , CEO of Barratt 's Bullettin , in Sydney , on this day . " Oil will move up on the basis of issues between Russia and the United States . But if they do talk , the oil will go down . "

 

Oil for May contract fell by 27 cents to $ 101.40 per barrel in electronic trading on the New York Mercantilr Exchange , and is currently moving in the range of $ 101.42 at 8:56 pm . The contract rose by 39 cents to $ 101.67 on March 28 , which is the highest closing level since March 7 . The volume of all futures contracts traded around 21 % below the moving average of 100 days . Oil prices have increased by 3.2 % in the current quarter .

[mynameisandhy]

Weight the China factor and Oil Inventories

 

Tuesday, April 1, 2014

 

Oil traded down two consecutive days due to fears of a slowing Chinese economy and the possibility of skyrocketing crude oil inventories .

 

China's manufacturing activity index in March was released back HSBC slumped to 48.0 figure is lower than the initial estimates and analysts' estimates of 48.5 . The figure is the lowest level since July 2013.

 

While separate data released by the Chinese government showed manufacturing activity in March was 50.3 , up slightly from the previous month at 50.2 . But some analysts say the data is not enough to reduce fears of slowing China's strong economy that can reduce oil demand from the second largest consumer in the world .

 

Besides U.S. oil inventories are expected to rise in the 11-week streak also weighed on oil movement . Possible spike in oil supplies , also came from Libya , where rebels are blocking the tanker port would reportedly reached an agreement with the government in Tripoli to reopen the port .

 

WTI Crude oil is currently trading at around $ 101.20 per barrel , with daily highs and lows 101.52 USD $ 100.99 .

[mynameisandhy]

Distressed Oil Continues Ahead of Inventory Data

 

Wednesday, April 2, 2014

 

WTI crude oil prices continued to decline in the last three days , before the release of U.S. crude inventory data .

 

Less menyakinkannya Chinese manufacturing activity makes oil demand outlook from the world's second largest consumer of the decline . Meanwhile U.S. manufacturing activity , which is the largest oil consumer in the world , although rose in two consecutive months but still below the expectations of economists .

 

Meanwhile the opposite actually happens to world oil supplies . Crude oil inventories are expected to soar after rebels block tanker port in Libya reportedly agrees to reopen the port in the next few days . On the other hand Energy Infromation Administration today will release data on U.S. oil inventories , which are expected to rise again , so that it becomes an increase in inventories in eleven consecutive weeks .

 

WTI Crude oil is currently trading at around $ 99.18 per barrel , the highest intraday level of $ 99.81 , and the lowest was $ 99.02 .

[mynameisandhy]

WTI Oil Weakens On Speculation Descent Demand

 

Thursday, April 3, 2014

 

West Texas Intermediate oil fell for a fourth day , this is the longest consecutive decline in the last three months , amid speculation would be reduced growth in China and the U.S. will curb demand in the country which is the world's largest oil consumer .

 

Oil futures contract dropped around 0.4 % on the day . China outlines economic package to support their spending amid continued signs of economic slowdown . A measure of fuel consumption in the U.S. fell to the lowest level since June , this is the show to government data , as investors consider comments from Fed chairman Janet Yellen that the stimulus will be in the need for " some time to come , " . NATO promised to increase support for eastern European countries were amazed over the annexation of Crimea by Russia .

 

" You can draw conclusions from geopolitical risks , comment Yellen , plus the reduction in economic performance in China as well as an environment that does not support high oil prices , " said Jonathan Barratt , CEO of Barratt 's Bulletin in Sydney who predicts that investors may be buying oil contracts WTI when it fell in the range of $ 98.50 per barrel . " The rally is seen was contracted . "

 

WTI oil has dropped by 45 cents to $ 99.17 per barrel in electronic trading on the New York Mercantile Exchange and is currently engaged in a range of $ 99.39 at 11:34 pm . The volume of all futures contracts traded around 15 % below the average of 100 days .

[mynameisandhy]

Oil Rebound After U.S. Service Sector Data

 

Friday, April 4, 2014

 

Crude oil prices rebounded to above $ 100 a barrel on Thursday as data showed the U.S. services sector growth last month. However, oil rebound is still limited by the uncertainty surrounding the negotiations between rebels and Libyan government.

 

Institute for Supply Management report showed U.S. non-manufacturing index rose to 53.1% in March from 51.6% in February, which tends to push the energy demand outlook.

 

While the Libyan government confirmed that an agreement with the rebels would be achieved within 2 or 3 days ahead. But the deal will only reopen the oil export terminal in the eastern region, while several major oil fields and pipelines in the southwest of Libya still stalled by protests separately.

[mynameisandhy]

U.S. Employment Figures Maintain Oil Outlook

 

Monday, April 7, 2014

 

Crude oil prices closed above $ 101 per barrel for the first time in almost a week after the data non-farm payrolls in March showed increases slightly weaker than expected, with the previous month's figure was revised higher.

 

However, the growth of 192,000 jobs in the U.S. in March has fueled the argument that the economic downturn in the early years due to bad weather. Support also came from investors doubt the possibility of the resumption of Libyan oil port.

 

However, oil prices continued to post weekly loss of 0.5% due to concerns over a slowdown in China.

[mynameisandhy]

WTI Oil Rebounds Along In Gas Reserves Estimates Down

 

Tuesday, April 8, 2014

 

West Texas Intermediate oil moves rebound amid speculation that gasoline stockpiles fell for the seventh week in the U.S. , which is the largest oil consumer in the world . Brent steady move in London

 

Value of oil futures contract rose around 0.5 % in New York , rose remedy the third time in a period of four days . Gasoline inventories may decline as much as 1 million barrels last week , according to a Bloomberg News survey before tomorrow's Energy Information Administration reported . Meanwhile Brent oil fell yesterday after the Libyan rebels hand over control of two oil ports to the government , these conditions allow for increased exports from OPEC countries .

 

" Gasoline stocks are headed to their lowest level in five years despite the fact that refineries increase their operational level after completing routine maintenance , ' said Hong Sung Ki , a commodities analyst at Samsung Futures Inc. . in Seoul today . " Gasoline stocks dropped in as we enter the season riding a vehicle . We expect the price might take a long time to move a little over $ 100 for some time . "

 

WTI oil for May contract rose by 48 cents to $ 100.92 per barrel in electronic trading on the New York Mercantile Exchange and is currently engaged in a range of $ 100.91 at 10:02 pm . The contract fell 70 cents to $ 100.44 yesterday . The volume of all futures contracts traded around 53 % below the moving average of 100 days . Oil prices have gained 2.5% this year .

 

Brent oil for May contract traded 31 cents higher at $ 106.13 a barrel on the ICE Futures Europe exchange . Brent premium to WTI be $ 5.24 . The price difference narrowed for a second day yesterday to close at $ 5.38 on .

[mynameisandhy]

Amidst Rising Oil Supply Decline

 

Wednesday, April 9, 2014

 

West Texas Intermediate oil fell from its highest level in a month after an industry report showed crude stocks rose in the U.S. , which is the largest oil consumer in the world .

 

Futures slipped as much as 0.4 % after the American Petroleum Institute said crude inventories rose as much as 7.08 million barrels last week . Government data today may show crude stockpiles rose as much as 750,000 barrels , according to a Bloomberg survey . The rebels in Libya , which is incorporated in the country in OPEC , persist with their demand to ask for part of the oil revenue before they deliver two oil export ports , said a mediator to the government .

 

" Increased supply will make oil prices fall , " said David Lennox , a resource analyst at Fat Prophets in Sydney . " If we see a significant flow of Libya , OPEC may adjust production to maintain their production quotas . "

 

WTI oil for May fell as much as 39 cents to $ 102.17 per barrel in electronic trading on the New York Mercantile Exchange and is currently engaged in a range of $ 102.31 at 8:37 pm . The contract rose as much as 2.1 % yesterday , being $ 102.56 , rose to its highest level since March 3 and was at its highest level since March 7 . The volume of all futures contracts traded around 54 % below the moving average of 100 days .

[mynameisandhy]

Oil Solidly in Top Level 5 Week

 

Thursday, April 10, 2014

 

Oil firmly on the level of $ 103 per barrel on Wednesday, the highest level in the last five weeks, buoyed by rising concerns about the conditions in the Ukraine and the possibility of the postponement of the opening of the Libyan oil port.

 

Traders also see U.S. government data showed an increase in gasoline demand to its highest level in three months in the four weeks ended April 4.

 

The Ukrainian government warned the pro-Russian aktivias who took over several buildings in the eastern Ukrainian city that talks or face military force.

 

Energy Information Administration reported that U.S. crude oil inventories rose 4.03 million barrels in the week ended April 4th, gasoline inventories fell 5.2 million barrels, while distillate inventories rose 200,000 barrels of oil. While the average gasoline demand by 8.8 million barrels in the four weeks, the amount of the highest demand since January 3.

 

Crude oil closed yesterday's trading at $ 103.45 per barrel level, with daily highs and lows 102.82 103.77 USD.

[mynameisandhy]

IEA Cuts Oil Demand Growth

 

Friday, April 11, 2014

 

The International Energy Agency on Friday cut its forecast for world oil demand growth for this year , while highlighting the increased risk in the oil market . The downward revision follows a top Russian annexation of Crimea . The IEA also warned about the potential decline in crude oil production .

 

In its monthly report , the energy agency based in Paris, lowered its forecast for oil demand growth in Russia amounted to 55,000 barrels per day to 3.5 million barrels per day . Annexation of the territory of Crimea , Ukraine has sparked a possible downgrade of the outlook for growth in Russia by the World Bank and the International Monetary Fund . The IEA also estimates that if the addition of economic sanctions and pressure on the Russian economy will erode demand for Russian oil by a further 150,000 barrels per day this year .

 

Overall, the IEA cut its global oil demand growth forecast by 100,000 barrels per day to 1.3 million barrels per day for the year .

 

The IEA also lowered its growth forecast of oil supply from producers outside the Organization of Petroleum Exporting Countries of 250,000 barrels per day to 1.5 million barrels per day for the year , primarily driven by a decrease in production in some oil fields of Russia and pessimism about oil fields giant Kashagan in Kazakhstan .

[mynameisandhy]

The decline in OPEC Output Trigger Bullish Oil Speculation

 

Monday, April 14, 2014

 

The decline in OPEC production levels occurred as refineries begin to look for supplies , help encourage speculation bullish on crude oil . OPEC , which provides supply about 40% of the world's oil , reduce output to its lowest level for March since 2011 as tensions between the Libyan government and the rebels made ​​oil exports at levels near the lowest level since Muammar Qaddafi to step down .

 

The output of the Organization of Petroleum Exporting Countries fell for the fifth time in 7 months . The International Energy Agency on April 11, and said that OPEC should increase the amount of output after a "sharp decline " last month . Refineries in the U.S. and Europe are seeking oil to produce gasoline , as riders get ready for the move back to the warmer weather .

 

" Crude oil is not produced in March will not be enough when gasoline refineries increase output in the coming months , " said Michael Lynch , president of Strategic Energy & Economic Research in Winchester , Massachusetts . " Supplies will tighten as refinery maintenance is completed . "

[mynameisandhy]

Oil Collapsing Triggered Supply Demand Factors

 

Tuesday, April 15, 2014

 

U.S. crude oil futures fell from a six week high amid prospects for increased oil supplies from Libya , and concerns that a slowdown in China's economic growth has the potential to reduce demand for oil .

 

Speculation that China's weak GDP report came after a report China's M2 money supply grew 12.1 % YoY, below expectations of 13.0 % which is also the lowest level since 2001 . Consequently Shanghai stocks and some commodities such as Gold , Copper and Oil trail .

 

However still limited as the risk of weakening the escalation of U.S. sanctions imposed against Russia and the European Union are likely to reach the third stage of the impact on the broader economy as the situation in the East of Ukraine which continues to deteriorate .

 

So far the price of U.S. crude oil futures fell -0.89 %, to $ 103.11 per barrel , after reaching its highest point at $ 103.65 and an intraday lows daily at $ 102.91 per barrel .

[mynameisandhy]

Oil Flat Respond China's data

 

Wednesday, April 16, 2014

 

WTI crude oil is not much to respond to a series of moving economic data released this morning China . China is the second largest oil consumer in the world .

 

China's economy in the first quarter grew 7.4 % from the same period the previous year . Bamboo curtain country 's GDP growth was the lowest in the past six quarters . Industrial production in March grew 8.8 % from the previous year but still below the estimated increase of 9.1 % . While retail sales rose 12.2 % .

 

Meanwhile, Libya's National Oil Corp. . reportedly will begin to export the oil from the port of Hariga this week , potentially lower oil prices because it would increase world oil supplies .

 

U.S. oil inventory data released by the American Petroleum Institute yesterday showed U.S. crude inventories in the week ended 11 April rose 7.6 million barrels . While the Energy Information Administration is scheduled to release today's oil inventory data , which may be driving the price of oil .

 

WTI Crude oil is currently trading at around $ 103.84 per barrel , with a narrow range perdangangan $ 103.66 - $ 103.96

[mynameisandhy]

Surviving Oil Near $ 104 Level

 

Thursday, April 17, 2014

 

WTI crude oil traded near a still solid $ 104 per barrel, Ukraine attention to keep the price of oil despite U.S. data showed oil inventories showed the largest increase in the last decade.

 

Ukraine accused Russia of triggering terrorism in the eastern region of the country, diplomats Ukraine, Russia, the U.S., and the European Union is scheduled to hold a meeting in Geneva to discuss the action of the pro-Russian separatist movement in Ukraine.

 

Energy Information Administration reported that U.S. crude oil inventories rise by 10 million barrels in the week ending April 11, the biggest gain since March 2001, and well above the estimated increase of 2.4 million barrels. While the reported gasoline inventories fell 200,000 barrels and distillate fuel inventories decreased by 1.3 million barrels.

 

Oil is currently trading at around $ 103.95 per barrel, with daily highs and lows 104.16 USD $ 103.74.

[mynameisandhy]

Oil Still Beware The situation in Ukraine

 

Friday, April 18, 2014

 

Nymex crude oil prices rose after the improved U.S. jobless claims and manufacturing Philadelphia sinyalkan sustainability of economic recovery in the world's biggest oil consumer is . U.S. jobless claims reached 304,000 ; better than expected 316,000 for the week ending on April 12. Philadelphia Fed manufacturing index rose to 16.6 of for April ; higher than estimates of 9.6 and 9.0 in March publications . Fed 's Yellen 's commitment to support the U.S. recovery still provide positive sentiment .

 

However , oil rally on hold after the U.S. agreed with Russia to reduce turbulence in Ukraine . The agreement may be the first step to defuse crisis after joining the Ukrainian Crimea to Russia . In a meeting in Geneva , which is also attended by the European Union and Ukraine , reached an agreement to reduce separatist action , blanking the Ukrainian government buildings controlled by demonstrators , and involves the Organization for Security and Cooperation in Europe ( OSCE ) to oversee the implementation of the agreement in Ukraine . Nymex crude oil closed at $ 104.43 ; after briefly hitting a daily high of $ 104.75

[mynameisandhy]

Profit - Taking Weight the Performance of Oil

 

Monday, April 21, 2014

 

Oil prices down in Asian session , pressured by profit -taking after recent strong rally . Although investors remain worried about the turmoil of Ukraine , but the market also began to anticipate the recovery of Libyan oil exports and the rise of the West hopes will smooth negotiations with Iraq . The government has reached an agreement with the Libyan rebels to open 4th oil export ports previously controlled by insurgents . Zueitina Hariga port and will soon operate normally while Ras Lanuf and Es Sider oil export activity will begin in a month . Iranian news agency reported Tehran and the West has begun to draft an agreement that Tehran 's nuclear program will be discussed again next month .

 

However, investors are still looking at the situation in Ukraine that could potentially disrupt Russian oil exports to the European Union . Russia and the West have reached an agreement to ease turmoil in Ukraine but peristawa shooting 3 separatists yesterday cast doubt on the effectiveness of the agreement . The U.S. and Europe have uttered would give further sanctions if it does not improve the situation in Ukraine . On the other hand , Russia still reviewing a military option if residents do not get a pro - Russian Ukrainian government protection . Nymex crude oil is now trading $ 103.22 ; away from daily highs $ 103.72 .

[mynameisandhy]

It is estimated that U.S. oil inventories Back Up , Oil Weakens

 

Tuesday, April 22, 2014

 

WTI crude oil fell in trading today due to the possibility of re- rising U.S. oil inventories last week . America Petroleum Institute will release data on U.S. oil inventories today , while the U.S. Energy Information Administration will be released any tomorrow .

 

Oil inventories last week is expected to go up , and will be an increase to 13 from 14 the last week . Based on a survey conducted by Bloomberg , U.S. oil inventories for the week ending 18 April is expected to rise 3 we barrels to 397.1 million barrels , which is the highest level since May 2013. Meanwhile, gasoline inventories are expected to fall 1.9 million barrels while distillate fuel down 300,000 barrels .

 

Geopolitical turmoil that occurred in Ukraine is still able to hold more oil decline . Gathering of Russian troops on the border of Ukraine , as well as the deaths of three members of a separatist movement by the end of last week seemed to make an agreement between Ukraine , Russia , the U.S. , and the European Union to ease the turmoil began to fade .

 

Oil is currently trading at around $ 103.23 per barrel , with the level of daily tallest 103.06 $ 103.63 and lows .

[mynameisandhy]

Distressed Oil Continues Ahead of Inventory Data

 

Wednesday, April 23, 2014

 

WTI crude oil is still depressed and traded lower ahead of the release of U.S. oil inventory data by the Energy Information Administration this evening . China's manufacturing activity data version HSBC for April rose to 48.3 from 48.0 the previous month , but still below estimates of 48.4 . Still berkontraksinya the manufacturing activities ( readings below 50 indicate contraction ) members will pressure consumer outlook for oil demand from the world's second largest .

 

American Petroleum Institute on Tuesday released data on U.S. oil inventories rose by 519,000 barrels for the week ending April 18. Reported gasoline inventories fell 3.4 million barrels , and distillate fuel inventories decreased by 900,000 barrels . Investors now await the government's version of the report will be released EIA .

 

Based on a survey conducted by Bloomberg , U.S. oil inventories for the week ending 18 April is expected to rise 3 million barrels to 397.1 million barrels , which is the highest level since May 2013. Meanwhile, gasoline inventories are expected to fall 1.9 million barrels while distillate fuel down 300,000 barrels . The increase will be in the 14 to 13 weeks.

 

Oil is currently trading at around $ 101.44 per barrel , down 0.30 % , with daily highs and lows 101.96 USD $ 101.18 .

[mynameisandhy]

WTI Oil Reserves Oil Drops As U.S. Reaches Highest Level 83 Years

 

Thursday, April 24, 2014

 

Oil fight on Wednesday , after weekly data showed U.S. crude oil reserves hit a record high , even though the price finally get some support from the crisis that took place in Ukraine .

 

U.S. crude inventories jumped by 3.5 million barrels to 397.6 million barrels last week , according to the Energy Information Administration . It was the highest level since record began in 1982 , and is much larger than analysts predicted . At the same time , reserves in Cushing , Oklahoma , which is the delivery point of WTI oil fell as much as 788 000 barrels to the lowest level in nearly five years .

 

Brent oil for June contract turned slightly stronger for traded 20 cents lower at under $ 109 . Brent fell 68 cents, ending with , or 0.6 % on Tuesday in its biggest one- day decline in the last two weeks .

 

WTI Oil for June contract fell by 31 cents to settle at $ 101.44 per barrel , after falling more than 2 % during the previous session with the end of the contract in May , it was the biggest drop in almost four months .

 

The decline in the WTI premium to Brent widened to teebesar level in a month . U.S. oil contract slightly recovered , though , once the difference between the two benchmark oil persist in $ 8.18 per barrel in the moving average 200 days . Moving Average is a major technical indicators monitored by traders .

 

The agreement achieved last week in Ukraine officially ended on Wednesday as the government says " Easter ceasefire , " it's over , they besumpah to hunt down the armed groups in the pro- Russian eastern Ukraine . The crisis in Ukraine has supported oil prices over fears that Western countries may increase sanctions against Russia , which is the second largest exporter in the world .

[mynameisandhy]

Oil Soar Above the Fray Ukraine and Economic Reports

 

Friday, April 25, 2014

 

West Texas Intermediate and Brent rose with increasing tensions between Ukraine and Russia , as well as Europe and the U.S. economy showed signs of growth . WTI premium to Brent widened to the widest level in five weeks .

 

Oil rose as Russian President Vladimir Putin has warned Ukraine against continuing their offensive stance against the separatists after government forces killed five insurgents and encourage Russia to launch military exercises in the latest of the two countries' border . A government report on Thursday showed the number of durable goods orders at U.S. factories rose in March and business confidence in Germany soared in April . Oil prices fell yesterday after data showed U.S. crude oil inventories are at the highest level in 83 years .

 

" Oil futures rose as concern over the fighting in eastern Ukraine may be out of control , " said Addison Armstron , director of market analyst at tradtion Energy in Connecticut . There is a number of large oil reserves in the U.S. , which should stop the rally in prices . Each movement of the rally will be under pressure . "

 

WTI Oil for June contract rose by 46 cents , or 0.5 %, to $ 101.90 per barrel on the New York Mercantile Exchange . The contract yesterday fell as much as 31 cents to $ 101.44 , the lowest settlement price since April 7. The volume of all futures contracts traded around 6.6 % below the moving average of 100 days .

 

Haraga closing June Brent rose by $ 1.28 , or 1.2 %, to $ 110.39 per abrel on the ICE Futures Europe exchange in London . Trading volume was close to the movement of an average of 100 days . Brent premium to WTI reached $ 8.59 , this is the widest since March 18

[mynameisandhy]

WTI Oil Ends Middle Low On Profit Taking Action

 

Monday, April 28, 2014

 

Oil futures ignore a series of threats and demands of the West against Russia over Ukraine crisis , slipping over the weekend ahead of profit taking and supply surged in North America .

 

U.S. crude oil reserves hit a record tertinginya as reported by the government on Wednesday in which it has been weighing on U.S. oil futures contracts , which are less vulnerable to geopolitical risk and fear of weakening oil supply in Europe .

 

Brent oil fell more than 1 dollar per barrel at one point , then reduce some losses for traded fell 70 cents to close at $ 110 cap . The contract still was on track for a third weekly gain in the longest hike since September . Meanwhile U.S. oil slumped as much as $ 1.34 to settle at $ 100.60 .

 

United States , Germany , and the UK , all of them indicated that they would seek further sanctions against Russia after the separatists in Ukraine in control in several cities and on Friday seized a bus carrying international observers .

 

Meanwhile, on the other hand , Russia warned Kiev that they would be in court for a " bloody crimes " in eastern Ukraine , where government forces killed five separatist , and Germany say that the violence done by the Ukrainian army and " armed radical nasinonalis " should be stopped .

 

German Chancellor , Angela Merkel , who is one of Russia 's closest allies in Europe , said that he saw no support from the peace deal agreed last week from Moscow and thus should be considered for more sanctions , this is a view that later on say reset by the British .

 

In the U.S. market has a bearish demand picture , with the country's oil reserves , which rose to its highest level on record as oil production continues to surge and not have ppengaliran from abroad through exports , which banned oil prices hit back . News from Libya to support the price of Brent , with reports that oil port may be closed with a longer time than estimated .

[mynameisandhy]

Geo-Political Risk Sustains Performance Oil

 

Tuesday, April 29, 2014

 

Oil posted a slim gain in Asian session as investors remain wary of the risks of geo-political world. The U.S. and Europe have provided additional sanctions on Russia as the worsening situation in the eastern regions of Ukraine. Investors are concerned with the West and Russia's worsening relations that can disrupt the supply of oil and Russian gas to Europe. Investors are also quite wary of political risk in Iraq ahead of elections tomorrow. Nymex crude oil is now trading $ 101.15; away from low-level daily $ 100.79.

 

However, investors also looked wary as to the commencement of the Federal Reserve meeting later that evening. The Fed is expected to announce a reduction in the amount of back bond purchases by $ 10 billion. There are concerns that the Fed's policies could reduce liquidity in the market so as to contribute a negative for commodity markets, including oil