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Analytics, News, and Forecasts for CFD Markets: raw news — 07-08-2012.
Crude oil futures traded above the two-week high of $ 110 per barrel. Impact on the growth of published data, which showed that corporate earnings have increased more than expected. Distinguished in this regard CVS Caremark Corporation and Chesapeake Energy. It also reinforced the optimism that the economy will expand. The price of Brent crude oil for the first time exceeded $ 110 per barrel in May of this year. Also on the rise in prices affected by the tense situation in Syria.
At the same time, it became known that the projected daily exports of North Sea oil in September, will decrease by 7% compared with August. It is expected that exports will be at the level of 720,000 barrels per day compared with 774,194 barrels in August, which would be the lowest in the last five years.
According to the median forecast U.S. crude stocks fell by 1.6 million barrels, or 0.4%, to 372 million within seven days (August 3). Official figures tomorrow will provide the Department of Energy. Recall that oil reserves have fallen to 6520000 barrels for the week ended July 27, at the same time showing the largest decline since December.
The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX rose to a high of $93,28 per barrel.
September futures price for North Sea Brent crude oil mixture increased to $111,60 a barrel on the ICE Futures Europe Exchange.
Gold prices rose above $ 1615 an ounce against a background of recovery of the euro against the dollar and a rise in the stock markets. We also learned that the European Central Bank will reduce interest rates on loans for Spain and Italy.
Market participants, who put on the increase in the price of gold hoping that the U.S. Federal Reserve will begin another round of quantitative easing later this year, while maintaining long-term interest rates at extremely low levels.
But the problem is that the Fed did not give clear deadlines for holding the next QE, and the ECB president Mario Draghi did not name the date of the next round of bond buying.
Also worth noting is that the demand for gold in India, which is the main consumer was sluggish before the season of active purchases, which begins this month and runs through until November. Stocks of gold ETFs have shown in the flow of bag are his work only 6.9 tons, which was the biggest one-day influx of an ounce from March 1, with the bulk flow was recorded outside the United States.
The cost of the August gold futures on the COMEX today rose to 1615.7 dollars per ounce, then dropped and is now trading at around 1611.2 dollars per ounce.
Change % Change Last
Oil $92.14 +0.74 +0.81%
Gold $1,615.60 -0.60 -0.04%
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