Oil increased for the fifth consecutive day on speculation the Federal Reserve will announce further measures to stimulate the economy, which will increase the demand for fuel.
Crude oil futures show the longest string of days of growth from July in anticipation of the Fed's two-day meeting, which begins tomorrow, and on which politicians can declare the purchase of assets or other plans for stimulating the economy.
The cost of oil also rose by a weaker dollar, which fell after the rating agency Investors Service Moody said it may lower the credit rating of the United States from Aaa to Aa1, if no measures are taken to reduce the level of U.S. debt.
Also worth noting is that the strengthening of the euro against the dollar increases the appeal of oil as an investment alternative.
Recall also that the agency Standard & Poor downgraded the U.S. August 5, 2011, and stated that the political and financial risks can lead to other slides. At the same time, Fitch Ratings affirmed the country's rating at AAA, but has expressed a negative outlook.
Oil also rose as market participants expect output report on levels of oil reserves, which may show inventory reduction last week to the lowest level since March, as more than a third of the oil platforms in the Gulf of Mexico remained shut down in 10 days after Hurricane Isaac. It is predicted that stocks fell 2.75 million barrels to 354.3 million level during the seven days that ended on September 7. Official data tomorrow will provide the Ministry of Energy.
October futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now $97,11 per barrel.
October futures price of North Sea Brent crude oil mix is now $114,84 a barrel on the ICE Futures Europe Exchange.
Gold rose for the third time in the last four sessions due to the increased likelihood of stimulus from the Fed, which caused an increased demand for the metal as a store of value.
It is expected that the Open Market Committee of the Federal Reserve may consider buying assets at its meeting on September 12-13. Ben Bernanke signaled last month that the third round of so-called quantitative easing may be needed to reduce unemployment. Gold also rose as the Federal Constitutional Court in Karlsruhe will decide tomorrow whether to continue the country to make a contribution to the European stability mechanism, which is a permanent eurozone rescue fund.
We also recall that the prices of precious metals reached a six-month high on Sept. 7, after it was announced that job growth in the U.S. in August was below the expectations of many analysts, increasing the likelihood of stimulus measures this week.
Also worth noting that yesterday scrip gold assets in exchange-traded products has expanded to a record 2,480.43 tonnes.
September futures price of gold on the COMEX is now 1735.5 dollars per ounce.
Change % Change Last
Gold 1,728 -13 -0.72%
Oil 96.28 -0.14 -0.15%© 2000-2026. Bản quyền Teletrade.
Trang web này được quản lý bởi Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Thông tin trên trang web không phải là cơ sở để đưa ra quyết định đầu tư và chỉ được cung cấp cho mục đích làm quen.
Giao dịch trên thị trường tài chính (đặc biệt là giao dịch sử dụng các công cụ biên) mở ra những cơ hội lớn và tạo điều kiện cho các nhà đầu tư sẵn sàng mạo hiểm để thu lợi nhuận, tuy nhiên nó mang trong mình nguy cơ rủi ro khá cao. Chính vì vậy trước khi tiến hành giao dịch cần phải xem xét mọi mặt vấn đề chấp nhận tiến hành giao dịch cụ thể xét theo quan điểm của nguồn lực tài chính sẵn có và mức độ am hiểu thị trường tài chính.
Sử dụng thông tin: sử dụng toàn bộ hay riêng biệt các dữ liệu trên trang web của công ty TeleTrade như một nguồn cung cấp thông tin nhất định. Việc sử dụng tư liệu từ trang web cần kèm theo liên kết đến trang teletrade.vn. Việc tự động thu thập số liệu cũng như thông tin từ trang web TeleTrade đều không được phép.
Xin vui lòng liên hệ với pr@teletrade.global nếu có câu hỏi.