Analytics, News, and Forecasts for CFD Markets: raw news — 08-04-2014.

ATTENTION: The content in the news and analytics feed is updated automatically, and reloading the page may slow down the process of new content appearing. We recommend that you keep your news feed open at all times to receive materials quickly.
Filter by currency
08.04.2014
23:29
Commodities. Daily history for April 08’2014:
(raw materials / closing price /% change)

Gold $1,308.70 +7.90 +0.61%

ICE Brent Crude Oil $107.57 +1.75 +1.65%

NYMEX Crude Oil $102.31 +1.40 +1.39%
15:41
Oil: an overview of the market situation

The price of oil rose moderately today , as new unrest in eastern Ukraine have heightened tensions between Russia and the West. As it became known , to quell unrest in eastern Ukraine , where pro-Russian protesters occupied administration buildings in Donetsk, Luhansk and Kharkiv were sent additional forces . Meanwhile , Russian Foreign Minister Sergei Lavrov called on the Ukrainian authorities to refrain from the power crisis in the country.

Meanwhile, NATO Secretary General Anders Fogh Rasmussen urged not to escalate the situation in the east of Ukraine. During a press conference in Paris , he called Russia " retreat ." "If Russia further intervene in the events in Ukraine , it would be a historic mistake ," - said the secretary general of NATO. Rasmussen also said that Russia may be isolated.

It is also worth noting that the news of the resumption of the two ports in Libya, through which oil exports , have put pressure on prices . It is expected that the rebels controlling the east of the country , during the month will open two more ports . The volume of oil Libya in March 2014 fell to 250 thousand barrels per day , because of what has become the latest country on this indicator in the Organization of Petroleum Exporting Countries .

Rising oil prices also slowed amid expectations of easing tensions between Iran and the West after Tehran said it soon hopes to begin to develop a final agreement to end the confrontation over its nuclear program .

The price of oil also came under pressure on the eve of release of data on oil reserves in the United States . According to the latest forecasts gasoline inventories last week , which ended April 4 , decreased by 1 million barrels to 214.6 million barrels. Distillate stocks , in particular fuel oil and diesel fuel , are supposed to remain at the level of 113 million barrels , after two weeks of growth in a row. In general, oil is supposed to be increased by 1.4 million barrels to 381.5 million

May futures for U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 101.36 per barrel on the New York Mercantile Exchange (NYMEX).

May futures price for North Sea Brent crude oil mixture rose to $ 106.28 a barrel on the London exchange ICE Futures Europe.

15:20
Gold: an overview of the market situation

Gold prices rose more than 1 percent, which was due to technical purchases after overcoming the $ 1,300 mark , and the weakening of the dollar before the publication of minutes of the meeting FOMC. Also contributes to increasing the attractiveness of the precious metal rising tensions in Ukraine, where pro-Russian activists in Donetsk declared their independence from Kiev.

Precious metals received additional support after the Central Bank of Iraq said it would not buy more gold in the next few months, after having bought 60 tons in the past two months.

The technical picture seems improved over the past few sessions after prices crossed the $ 1,300 mark , but overcoming resistance at $ 1322 could signal "reset" and increase the downward pressure .

However, the positive trend of gold is caused by lack of active sales of gold bullion ETFs . Note that the assets of the world's largest holder of gold investment institutions ETFs SPDR Gold Trust since April 4, 2014. remain at the level of 809.18 tons.

We also add that the real market demand recovered somewhat as Chinese trade markets opened after the holiday.

The cost of the June gold futures on the COMEX today rose to $ 1308.70 per ounce.

© 2000-2026. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
E-mail
Up
Choose your language / location