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Analytics, News, and Forecasts for CFD Markets: raw news — 09-05-2014.
The cost of WTI crude oil rose moderately , while Brent prices fell slightly . Such dynamics is associated with an increase in tension in Ukraine and limited supply from Libya, where recent negotiations on the resumption of oil export terminals have not yielded the desired result.
Analysts suggest that this time caused by the decision of investors' concerns of activists in eastern Ukraine , despite the appeal of Russian President Vladimir Putin to postpone the vote until a later date , to hold a referendum next weekend. Against this background, traders worried about a possible suspension of oil supplies and the introduction of new sanctions against Russia .
Meanwhile, rebels in Libya refused to recognize the country's parliament elected a new prime minister, which can aggravate the course of their negotiations with the government . In the last month they handed over to the authorities captured two of the four terminals to ship their oil, but under their control are still two key with a total capacity of about 800,000 barrels per day. Production in Libya is now about 230,000 in production capacity of 1.5 million
Oil investors are also watching the outcome of talks between Iran and world powers in respect of the disputed nuclear program .
June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 100.76 per barrel on the New York Mercantile Exchange (NYMEX).
June futures price for North Sea Brent crude oil mixture fell $ 0.04 to $ 108.00 a barrel on the London exchange ICE Futures Europe.
Gold prices have not changed today, but are on their way to a second consecutive weekly drop . Experts note that due to fears of ongoing tensions in Ukraine and the risk of civil war, supported the demand for the precious metal , although the rise of a strong dollar limits .
Today, the dollar continued to rise against the single currency after yesterday gave the largest one-day rise since mid-March as investors do not stop to analyze yesterday's statement of ECB Draghi regarding additional monetary stimulus .
We also add that the demand for shelter rose after pro-Russian separatists in eastern Ukraine ignored the public appeal of Russian President Vladimir Putin to postpone the referendum on self-government. They said they plan to hold a vote on Sunday that as many fear could lead to civil war . Senior EU diplomats reached a preliminary agreement Wednesday to expand the legal criteria for imposing sanctions on Russia in order to facilitate the task of freezing assets of the companies involved in the Ukrainian crisis.
Since the beginning of the week , gold prices fell slightly more than half a percent against the backdrop of differences between Russia and the West in regard to Ukraine , and statements of the Federal Reserve System Janet Yellen on monetary policy.
Premiums for gold in India ( world's second largest consumer of gold ) decreased this week , as many traders are waiting for changes of import restrictions . Dealers in other parts of Asia also said demand was much lower than last year.
To date, the cost of the June gold futures on COMEX rose to a high of $ 1289.20 .
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