All About Commodity

[mynameisandhy]

Oil Positive response to China's Stimulus

 

Monday, April 20th, 2015

 

Oil prices continue to rally as China take new economic stimulus measures and the oil drilling in the US cut the number of active rigs to the lowest level since November 2010. Oil rallied by 1.2% on the New York session on Friday after the cut fifth weekly gain. China on Sunday announced the biggest cuts after the global financial crisis on capital reserve ratio of banks following a report that showed economic growth is slowing. Oil rigs in the US fell by 26 to 734 last week, according to Baker Hughes Inc. Oil prices have risen 30% from a 6-year low in March, the signal minimal number of active rigs will inhibit the production rate and reduce excess global oil supply. Rally is probably hampered by the US oil supply is still near its highest level in 85 years.

 

Michael McCarthy, chief strategist at CMC Markets in Sydney, said that the capital reserve ratio cuts in China has been clearly perceived as a stimulus. The oil market reacted quite strongly to this, and a reduction in the number of rigs and production rates in the US helped strengthen the bullish scenario of oil, he added. The US and China are the two countries in the world's largest consumer of oil and will cover approximately one-third of global demand this year, according to estimates from the International Energy Agency in Paris.

[mynameisandhy]

Fluctuating oil at Highest Level in 2015

 

Tuesday, April 21, 2015

 

Oil fluctuate between reinforcement and pelemaha at the highest level so far this year. Chinese stimulus as well as the turmoil in the Middle East capable of lifting movement of oil, but the dollar rose at the beginning of this week gives a negative sentiment for the black gold.

 

China's central bank is not terdugamemangkas Statutory by 100 basis points to 18.50%. The trimming is the largest in the last six years, to spur the economy and the expected increase in oil demand. China is the second largest oil consumer in the world.

 

Spokesman for the Interior Ministry of Saudi Arabia, Turkey Mansour, said the military forces have been on alert in shopping centers and government agencies to anticipate the possibility of an attack. Saudi Arabia launched air strikes against Houthi rebels in Yemen since 26 March.

 

Since early April, oil has gained about 17%, more positive sentiment came from the company Baker Hughes reported that the number of rigs operating in the US decreased in 19 consecutive weeks, and is at its lowest level since 2010

[mynameisandhy]

Expect Stable Oil Inventories Data US

 

Wednesday, April 22, 2015

 

Oil is still moving stabilized after slump in trading Tuesday. The report of the American Pertroleum Institute (API) on Tuesday when ASyang showed US crude inventories rose higher than expected to put pressure on oil, while the US government agency, the Energy Information Administration (EIA), US oil inventories will report today.

 

API previously reported US oil inventories rose 5.5 million barrels last week. The increase was greater than the estimate of analysts surveyed by the Wall Street Journal by 2.8 million barrels.

 

Strengthening oil previously also supported the turmoil in Yemen, now began depressed after Saudi Arabia on Tuesday to stop military incursions into the country to fight the Houthi rebels.

 

WTI crude oil traded the range of $ 56.40 per barrel

[mynameisandhy]

EIA Report Oil Inventories Rise Above Estimates

 

Thursday, April 23, 2015

 

Energy Information Administration (EIA) reported US oil inventories rose 5.3 million barrels last week became 489 million barrels, higher than the forecast of analysts surveyed by the Wall Street Journal by 2.8 million barrels. However, the EIA report is still lower than the American report Pertroleum Institute of 5.5 million barrels. Until last week, US oil inventories have risen in 15 consecutive weeks.

EIA also reported gasoline inventories fell 2.1 million barrels, and distillate oil inventories rose by 400,000 thousand barrels. Oil inventories in Cushing Oklahoma reportedly rose 738,000 barrels.

WTI crude oil rose to respond to the data observed, traded the range of $ 56.81 a barrel at 22:18.

Throughout this month WTI crude oil has gained about $ 10, supported by the turmoil in Yemen, as well as speculation slowing US oil inventories rise, before finally going downhill. But Saudi Arabia is stopping the attack on Yemen on Tuesday likely to put pressure on the oil price movement

[mynameisandhy]

Data China And US Stocks Limit Increased Oil Prices

 

Friday, April 24th, 2015

 

Crude oil is flat for most of the Asian session following a double factor slowing economic activity in China and back increase in US oil inventories. WTI crude oil traded limited at the level of $ 56.23 per barrel at the end of the Asian session, with daily highs and lows $ 56.55 $ 56.13 daily.

 

China is the world's second largest oil consumer and demand for oil is related to economic growth. Preliminary results of a survey conducted in HSBC for the manufacturing sector fell to 49.2 in April of the year, lower than the 49.6 at the end of March. Data from Chinese customs report contained 14% increase in crude oil imports in March from a year earlier, but still at the level of a five-month low, mainly due to the rebound of domestic production. Overnight US energy department confirmed a 5.3 million barrel rise in weekly US crude inventories, higher than predicted

[aditya121]

edited by Traderbeauty

No commercial spam.

Jane

Edited April 25, 2015 by Traderbeauty

[mynameisandhy]

Oil Moves Close High Level 4 Months Due to volatility Middle East

 

Monday, April 27, 2015

 

Oil held near its highest level in more than four months on concerns that oil shipments from the Middle East may be disrupted as Saudi Arabia still went on the offensive in Yemen.

 

Oil futures were little changed in London after being closed for a rise in the third week of April 24. Saudi Arabia's Shiite rebels destroyed two vehicles were carrying weapons near the border with Yemen, reported by al-Arabiya television, quoting from the statement of the border guards. In Libya, a member of the Guard Guard Facility Elephant Oil refinery shut on Saturday because wages have not been paid. said Mohamed Elharari, spokesman of SOE Libyan National Oil Corp.

 

Oil has gained 19% this month on speculation that the chaos in Yemen may be widened in the oil-producing region in the world.

 

Brent crude contract for June move the range of $ 65.36 per barrel do London, up 8 cents this morning. Sebesat contract rose 43 cents to $ 65.28 on Friday, it was the highest closing level since December. Europe's premium crude oil stood at $ 8.23 ​​to the US West Texas Intermediate oil.

 

WTI oil for June rose by 1 cent to $ 57.16 per barrel in electronic trading on the Nymex. The volume of all futures contracts traded around 75% below the MA 100.

[mynameisandhy]

Oil Decline in Early Week

 

Tuesday, April 28, 2015

 

WTI crude oil ended lower on Monday after volatile due to the conflict in Yemen and a decrease in the number of operating rigs capable of withstanding further decline, while the increase in global oil supply making market participants cautious after oil prices touched its highest level in 2015.

 

Saudi Arabia returned to lead air strikes against Houthi rebels in Yemen on Monday. While the data from Baker Hughes showed the number of US rigs in operation fell within 20 consecutive months, and are at the lowest number since 2010. The signal excess global oil supply comes from the news that says Saudi Arabian Oil Minister Ali al-Naimi said he was ready to add oil supplies to China if necessary.

 

Oil trading on Monday closed at $ 56.65 per barrel, with a $ 57.89 daily highs and lows $ 56.52

[mynameisandhy]

Oil Weakens Thin in Asian session, Investors Wait for Data Backup

 

Wednesday, April 29, 2015

 

Crude oil prices fell moderately in the Asian trading session on Wednesday with economic data and the amount of crude oil reserves will probably dictate the market.

 

On the New York Mercantile Exchange, light sweet crude for June contract traded the range of $ 56.93 per barrel, down $ 0.13 in the electronic session. Meanwhile Brent oil in June fell $ 0.10 into $ 64.54 per barrel.

 

On Tuesday night, data from the American Petroleum Institute showed that US crude inventories rose as much as 4.2 million barrels in the week ending 24 April, but the backup at Cushing fell 0.2 million barrels.

 

Data from the API, an industry group, gave the feel of the beginning of the level of crude oil reserves, but to be sure we got to see the real results of the Energy Information Administration on tonight and analysts estimate the reserves will rise 2.8 million barrels last week.

 

The current price of oil has rallied in most of the period of April, the market observers still doubt that momentum because oil supply still exceeded demand.

[mynameisandhy]

Oil Closed in Upper Level $ 58 per barrel.

 

Thursday, April 30, 2015

 

WTI crude oil rose sharply and ended at the highest level this year. Oil prices pushed higher after US government data showed a decrease in oil inventories at the delivery center Cushing, Oklahoma.

 

Energy Information Administration (EIA) reported that US oil inventories throughout last week rose 1.9 million barrels, and scored the highest record in 16 consecutive weeks. However, the increase is still lower than the American Petroleum Institute reports the previous day by 4.2 million barrels, and a survey of a Reuters forecast a rise of 2.3 million barrels. While inventories in Chusing, down as much as 514,000 barrels, becoming the first decline since November. EIA also reported gasoline inventories rose by 1.7 million barrels, and distillate fuel rose by 100,000 barrels.

 

Throughout this month, the price of WTI crude oil has gained about 20%, becoming the biggest rebound since the sell off of oil in June last year. Oil trade on Wednesday closed at $ 58.53 per barrel, with a $ 59.33 daily highs and lows $ 56.54

[mynameisandhy]

Oil Steady After Biggest Monthly Increase In 6 Years

 

Friday, May 1, 2015

 

US crude oil futures prices move stabilized the range of $ 59.70 per barrel in quiet trade on Friday, with many major markets closed for MayDay, after posting its biggest monthly gain in six years in April.

 

US crude prices for the contract in June moved 4 cents higher at $ 59.67 a barrel at 10:30 pm. in April, the contract rose at a quarterly level, it becomes the biggest monthly gain since May 2009, and on Thursday touched its highest level in 2015 at $ 59.85.

 

OPEC oil supply in April rose to its highest level in more than two years, driven by supply from Iraq and Saudi Arabia that were near record highs, are shown in a Reuters survey.

 

Pemunjukkan by the King of Saudi Arabia to the two heirs will help stabilize the oil market to strengthen political stability in the kingdom, said Oil Minister Ali al-Naimi was quoted as saying by state media on Thursday.

[mynameisandhy]

Ignore Data China, Oil Firm in High Level

 

Monday, May 4, 2015

 

Crude oil prices appeared robust in 2015 near the high level in the range of $ 59.45 on European session, supported by expectations of easing the level of crude oil supply and the data after weak Chinese manufacturing activity strengthened the view that China will pour an additional stimulus. China's manufacturing sector activity shrank at the fastest pace in a year as the decline in the level of new orders in April, according to the results of Monday's survey of private businesses, strengthen opportunities for policy stimulus to prop up the country's second-largest economy in the world. The volume of trade is also expected to be thin in view of the closure of the UK market.

 

Pegeboran decrease in activity in the US has strengthened expectations of lower output and on Friday, Baker Hughes Inc. said the number of active rigs has fallen for 21 consecutive weeks to the lowest level since September 2010. Also pressing the oil price is the latest signal that the supply of crude oil is now very abundant, including the level of Iraqi exports, which reached a record in April and the OPEC oil output is at the highest level in 2-1 / 2 years. The rebound in the dollar exchange rate is also a barrier for the oil price rally.

[mynameisandhy]

China Data Prospects Lower Demand, Oil Weakens

 

Tuesday, May 5, 2015

 

Declining Chinese manufacturing activity helped make the prospect of declining demand, making the price of crude oil fell earlier this week. China is the second largest oil consumer in the world after the United States.

 

Figures final version of the HSBC China manufacturing index was released at 48.9, becoming the lowest level since April 2014. The final figure is lower than the initial release of 49.2, and expectations of a rise to 49.4. Yet China's manufacturing activity data the government's version, and using a larger sample, still showed an expansion of 50.1. The data is released on Friday.

 

Separate data released Monday showed the euro zone manufacturing activity expanded in April, although lower than the previous month. While the US Commerce Department reported factory orders rose 2.1% in March.

 

WTI crude oil trading on Monday closed at $ 59.02 per barrel, after briefly hitting a daily low of $ 58.45, the highest level of $ 59.73. Sepajang April yesterday, oil rallied 25% and is the largest monthly percentage increase since 2009

[mynameisandhy]

Crude Oil Surviving High Level Near 2015

 

Wednesday, May 6, 2015

 

Crude oil continues to climb higher, print a new record high in 2015, as the weakening dollar, the decline in crude oil inventories in the US and the Middle East conflict. The US dollar-denominated assets such as crude oil becomes cheaper for investors holding other currencies when the dollar weakens. The latest data showed companies in the United States restrict the addition of employees in April that makes investors worried about the condition of the US dollar in the US economic recovery.

 

Today the Energy Information Administration (EIA) is expected to report the addition of 1.3 million barrels of oil in the US during the last week, lower than the increase of 1.9 million barrels in the previous week. Meanwhile, private institutions API (American Petroleum Institute) has reported a decline of 1.5 million barrels of crude oil production in the US and it is becoming power strengthening crude oil prices in the early morning.

 

The conflict in Yemen continued with the coalition forces of Saudi Arabia and the Houthi rebels attacking each other in the cities in Yemen, a country located in the middle of the distribution channels crude oil from the Middle East.

 

Crude oil traded at $ 62.02 a barrel at 19:59 pm, trying to hit a daily high of $ 62.04 to $ 60.60 daily lows.

[mynameisandhy]

Oil Back To Lower Level $ 60

 

Thursday, May 7th, 2015

 

Terkerek crude oil to below the level of $ 60 as the strengthening dollar and investor profit taking after a rally this week. Crude oil prices jumped to nearly 5-month highs on Wednesday after weekly data on US oil inventories fell for the first time in 2015. Data released by the government agency Energy Information Administration (EIA) also confirmed flooding in US crude oil inventories began to shrink terpengauh decline expenditures for exploration and production after the fall in oil prices last year. Analysts assess concomitant lack of bullish factors for oil investors decided to take profit from a rise of nearly 40% since mid-March.

 

The dollar strengthened after US jobless claims are near 15-year lows. Crude oil traded at an advanced US Dollars more expensive for buyers using other currencies when the dollar strengthened.

 

Crude oil is in the range of $ 59.83 a barrel at 21:11 pm, with daily lows $ 59.57 and $ 61.29 daily highs

[mynameisandhy]

Oil Prices Stable After Moving Down 3%

 

Friday, May 8th, 2015

 

Oil prices steady move in early Asian trading on Friday after falling by 3% in the previous session as a strengthening dollar.

 

US crude for June delivery rose 2 cents to $ 58.96 per barrel this morning, after the end fell by $ 1.99, or 3.3%.

 

Larger US supply could weigh on global markets, with Senator Lisa Murkowski on Thursday said that he will launch the legislation next week to reverse the ban on US oil exports.

 

Rally in oil prices has been technically redundant, with US crude oil prices are likely to drop below $ 55 per barrel, could even reach the level of $ 49, because the dollar rebound can help apply pressure to the market, said one analyst on Thursday.

 

The dollar, which was in a downward trend since the beginning of May, rose on Thursday on optimism that the US employment report in April on tonight will show gains after jobless claims report that the results are optimistic

[mynameisandhy]

Oil Record Week Eight Strengthening streak

 

Monday, May 11, 2015

 

WTI crude oil rose on Friday after the company Baker Hughes reported the number of rigs operating in the US decreased in 22 consecutive weeks. Strengthening on Friday that makes oil has recorded an increase in eight consecutive weeks.

 

The number of rigs operating reported decreased by 11 last week, a total of 668, with a ratio in the last year of 1,528 rigs operating. Data on Friday also showed China's imports of crude oil touched a record in April, however traders cautious due to low oil prices could be the amount of import intended for stockpiling, while a decrease in the price of coal and copper to signal the second largest economy in The world is still slowing.

 

Energy Information Admnistration Data on Wednesday showed US crude inventories fell for the first time in four months last week, which helped to strengthen oil. However, the report also shows an increase of gasoline and distillate fuel inventories.

[mynameisandhy]

Global oil inventories Flat Rate

 

Tuesday, May 12, 2015

 

Crude oil ended flat with investors evaluate the sustainability of the global inventories decline and rebound Dollar which restrict the movement of the crude oil market. Euphoria respond surprise drop in US crude inventories last week made investors worried about the continuation of decline in global oil inventories.

 

China, the world's second largest oil consumer, cut interest rates for the third time in six months to stimulate the economy. Despite these measures specifies the support for the oil market, some analysts doubt the sustainability of the crude oil market rally with consideration of China's economy is yet to show a recovery from stagnation during some periods.

 

Investors crude back forward the data weekly US oil inventory by the American Petroleum Institute on Tuesday and the official data from the US government (Energy Information Administration) on Wednesday. Last week, crude oil rally after for the first time in this year reported crude inventories fell well based on data from the API and EIA official data. However, profit-taking investors towards the end of last week distancing the investor from its highest level this year

[mynameisandhy]

OPEC Global Oil Demand Rises Prediction

 

Wednesday, May 13, 2015

 

The level of global demand for oil will grow higher than previously expected, according to the latest estimates from the Organization of the Petroleum Exporting Countries. In a monthly report released Tuesday, OPEC raised its forecast for 2015 global demand growth hers be 1:18 million barrels per day compared with last month's estimate of 1.17M barrels. OPEC According to analysts, the overall level of global daily demand will reach 92.50 million barrels this year.

 

OPEC has predicted growth in demand will grow rapidly in 2015 for several months, compared with an increase of 960 000 barrels per day in 2014. OPEC CE has said that about half of eskpektasi hike this year will come from the Chian and the Middle East. However, reports indicate that the expectation level for OECD demand will rise rapidly compared with the previous forecast partly because of the dominance of vehicles SUVs and pickup trucks in the region. European OECD also estimates the level of demand increased at the beginning of this year, according to OPEC, related contingent of better economic conditions.

[mynameisandhy]

Global supplies Constant, Oil Weakens

 

Thursday, May 14, 2015

 

Crude oil ended lower anxiety accompanied despite the high level of global inventories of crude oil production in the US fell for two consecutive weeks based on official data from US government agencies, the Energy Information Administration (EIA). A decline of 2.2 million barrels last week to total less than 485 million barrels are not able to satisfy the expectations of investors will be the rapid decline in oil inventories in order to re-balance the global oil trade.

 

In addition, regulatory agencies world's largest energy industry, the International Energy Agency, said the fight between the US and OPEC in gaining market share is still ongoing. This indicates flooding global supplies have not been shifted to the slowdown in the US shale oil production failed to offset the increase in OPEC production. In the IEA monthly report released Wednesday, the IEA report global oil supply constant compared to last month which amounted to 95.7 million barrels per day.

[mynameisandhy]

Oil Price Increase Towards Weekly to 9

 

Friday, May 15, 2015

 

Oil prices were little changed on Friday but was on track to end the week with a little higher, supported by a weaker dollar and forecasts for low growth in the US output.

 

US crude oil prices are on track to rise in the ninth week, which will be the rally's longest streak since 1983. US crude inventories have dropped from a record high, while the government has cut its forecast for output growth in 2015 and 2016.

 

The price of West Texas Intermediate crude oil in June fell by 36 cents at $ 59.53 a barrel at 16:44 pm. Meanwhile Brent oil in July fell 22 cents at $ 66.48 per barrel.

[mynameisandhy]

Print oil Strengthening 9-week streak

 

Monday, May 18, 2015

 

Crude oil ended slightly higher after a weak performance in early trading and barely reacted to the report the number of oil rigs back is reduced. Crude oil prices also recorded a strengthening of nine consecutive weekly.

 

At the beginning of the session oil prices traded down seriring strengthening dollar and the return of flood anxiety inventory. But then oil prices rose sharply after the dollar hit a series of US economic data.

 

Meanwhile, the number of rigs used to drill for oil fell as much as eight rigs to 600 rigs this week, after the previous two weeks respectively fell by 11 rigs and 24 rigs. In the same period last year, there were 1,531 rigs were operated. This week a record decline in 23 consecutive weeks.

[mynameisandhy]

Oil prices rebound eroded Greenback

 

Tuesday, May 19, 2015

 

Strengthening of the US Dollar remove investor interest in WTI crude oil, which fluctuates throughout the session to weigh increasing tensions in the Middle East and export reports that Saudi Arabian crude oil hit a record in March. Crude oil had gained when reviewing the increasing tensions in Iraq and Yemen are predicted to inhibit the buildup of global crude oil supplies.

 

However, the US Dollar was able ended higher against its main currency pairs and this makes crude oil denominated in US dollar becomes more expensive for foreign investors. Saudi Arabia also proved his promise to maintain production and in March of exporting 7.9 million barrels per day. Oil production of 10.29 million barrels per day Saudi Arabia in March to its highest level since early 2012.

 

WTI crude trading ends at the level of $ 59.55 per barrel, with daily lows $ 59.06 and $ 60.88 daily highs

[mynameisandhy]

EIA report Failed Boosting Oil Prices

 

Wednesday, May 20, 2015

 

Crude oil prices trim gains on Wednesday despite official government data showed US inventories fell more than analysts forecast. However, this decline was not as much as that reported an industry bodies the day before.

 

Energy Information Administration (EIA) on Wednesday said US crude stocks fell 2.7 million barrels in the week ending May 15, the 3rd weekly decline in a row, as refineries increase output. Which brings the US strategic oil reserves to 482.2 million barrel range. Inventories of gasoline and distillate fuel also reported down respectively 2.8 million barrels and 500,000 barrels.

 

While the American Petroleum Institute (API) on Tuesday reported crude inventories fell 5.2 million barrels last week along.

 

Currently Crude oil for July delivery is offered in the range of $ 58.70 per barrel, or approximately 0.95% over the closing price yesterday, after touching intraday highs at $ 58.89 per barrel

[mynameisandhy]

Stronger oil prices, US Reserves Decline Still Respond

 

Thursday, May 21, 2015

 

Oil prices rose moderately on Thursday, supported by the decline in US crude reserves despite restrained by weak Chinese data and worries about oversupply still limiting the increase in prices.

 

Crude oil prices rose overnight after government data showed US crude inventories last week fell for a third straight week, but at the beginning of the Asian session had weakened due to weak Chinese data.

 

China's manufacturing sector contracted for a third consecutive month in May, hitting a 13-month low, prompting talk of a bigger stimulus, despite earlier assurances from the Prime Minister of China that the country with the second largest economy can mencapau 7% growth target this year ,

 

Brent crude oil prices in July fell to its lowest level at $ 64.83 a barrel on Thursday, but then recovered to a level of $ 65.82 a barrel at 16:33 GMT, up 80 cents from its closing price yesterday. Meanwhile US crude oil delivery in July fell to $ 58.69 per barrel before climbing to $ 59.68 per barrel, up 70 cents.