FXStreet reports that Bart Melek, head of commodity strategy at TD Securities, analyzes the last inventory data and concludes that with the moderating demand the WTI crude should drift lower. Nonetheless, he expects the black gold to trade near $44 in the end.
“Crude inventories are up a much larger-than-expected 4.89 million bbls (consensus was calling for a draw of 2.2 million). Imports jumped 374k b/d, with exports growing 450k b/d and production was up a modest 100k b/d. Implied demand for crude fell a disappointing 1.3 million bpd.”
“With OPEC+ committing to increase supply to match growing demand, demand slumping likely to the spread of COVID in part of the US and higher inventories, WTI crude could well drift lower from the current $41.47/bbl.”
“With US production not showing additional reductions yet and the rate of demand growth likely improving in the US in the coming weeks, now that authorities have started to seriously encourage measures such as the use of masks to limit COVID spread, prices should move back to the top of the trading range. I expect WTI to trade in a range between $38-42/bbl, in the near-term and then move closer to $44/bbl.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.