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Thread: OIL Fundamental

  1. #1
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    OIL Fundamental

    Commodity Section (OIL)
    Asian Session Moves Oil Limited Market Reserves Increase Speculation
    Tuesday, May 1, 2012 12:00 PM

    (Vibiznews - Commodity) - In electronic trading in Asia today crude oil prices seem still not to move too much from the position of the close of trading early this morning (01/05). The market is still hesitant to move and tend to weaken thin. Data estimated crude oil reserves tonight will show the increase.

    Crude oil prices are the selling pressure even though thin. Negative sentiment seems likely to color the commodity markets. Last night the price of crude oil slumped amid reports that the Spanish economy officially in recession after economic reports showed the contraction.

    Today crude oil prices appear to have reduced amounts of thin again. Crude oil prices recorded a decrease of 6 cents from the closing position of the trade early this morning. This afternoon the price of crude oil traded at 104.81 dollars per barrel position.

    Analyst Research Vibiz of Vibiz Consulting estimates that the price movement of crude oil would still be likely in a bearish trend is weak. Oil prices seem depressed due to sluggish global economic recovery hopes. Currently the price is predicted to experience movement in the range of 100-105 dollars per barrel.

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    Re: OIL Fundamental

    Crude Oil continues to amaze, trading up at 106.11 climbing 1.25 in a quiet holiday session.
    Crude oil climbed after the US ISM Manufacturing Index gave investors a more positive feeling about the US recovery and expansion. The Institute for Supply Management‘s index showed U.S. manufacturing expanding in April. The index climbed to 54.8% last month, from 53.4% in March.

    The USD also pushed upwards today limiting the strength of dollar traded commodities. This price is about the same level when the Obama Administration began speaking with global leaders about releasing the strategic reserves last month. The high cost of energy and fuel is having a negative effect on the US recovery, causing inflation and reducing consumer sentiment.

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    Re: OIL Fundamental

    Oil prices rise Session Asia Lesu Pressured the U.S. Oil Supply
    Wednesday, May 2, 2012 12:00 PM

    (Vibiznews - Commodity) - In today's electronic trading in crude oil prices seems to experience a significant decline (02/05). Oil prices hit after being closed at its highest closing price in five weeks. API reports that U.S. crude supplies rose.

    Crude oil prices on the trading session today Asia has decreased after the API reported that U.S. crude supplies rose last week by 2:04 million barrels. Increased supply occurred weekly for the fifth in six weeks.

    Crude oil futures for June delivery contract seems to have declined by 39 cents (0.4 and are in the position of 105.77 dollars per barrel. In late morning trade in crude oil prices had increased by 1:29 POSSI dollars to close at 106.16 dollars a barrel which is the highest close since March 27.

    Analyst Research Vibiz of Vibiz Consulting estimates that the price movement of crude oil would still be likely in a bearish trend is weak. Oil prices seem depressed due to sluggish global economic recovery hopes. Currently the price is predicted to experience movement in the range of 100-105 dollars per barrel.

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    Re: OIL Fundamental

    Crude Oil began to tumble after Wednesday’s EIA inventory report which showed, U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.8 million barrels from the previous week. At 375.9 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total commercial petroleum inventories increased by 1.9 million barrels last week.

    Compounded by a disappointing ADP jobs report, crude oil has fallen to 105.17 losing .95 as it continues to fall.

    Also today a report showed that OPEC’s crude-oil output continued rising in April, as Iraq offset Iran’s production decline. Crude production from the 12 members of the Organization of Petroleum Exporting Countries was up by 115,000 barrels a day from March. With reduced consumption, we should begin to see a worldwide glut of oil. Expect to see oil trading under the 100.00 price by the end of summer.

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    Re: OIL Fundamental

    Support to Test Oil 104.46
    Thursday, May 3, 2012 18:02 PM

    Monexnews - The movement of crude oil was seen in areas where there is likely support crude prices will strengthen. The technical indicator of potential stochastic is in bullish. 104.83 If the support is still held out, there are opportunities in oil prices will move up to test 105.44 to 105.81 resistance. Conversely, if support 104.83 a tendency to penetrate the oil prices move down towards 104.46 support.

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    Re: OIL Fundamental

    oil looks hold support at 95 it will go 104 in this week until strong news might break the support but so far it doing correction

  7. #7

    Re: OIL Fundamental

    One of the major players on the market. Oil nowadays is not just a natural resource, but an instrument of influence, with the help of which countries conducts their foreign affairs. So to understand oil dynamics one needs to analyze relations between countries on a global scale.
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    Re: OIL Fundamental

    Oil prices "are still a little high," al-Naimi said in Tokyo today before the meeting of the board of Saudi Arabian Oil Co., of which he is chairman. The euro fell for the seventh day after Greek politicians struggling to form a new government policy and the possibility of conflict between Germany and France, who chose Francois Hollande of the Socialist Party as president.

  9. #9

    Re: OIL Fundamental

    Short historic review of oil. History contains recollections about oil from 4000 BC, and many scientists predicted that oil may become on the edge depletion, and this the main cause for oil prices constantly grow. The biggest consumer of oil today is the USA, but the leadership is likely to be replaced by China.
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    Re: OIL Fundamental

    Oil futures contract fell 0.9% after kelevel lowest close in more than six months yesterday after Greece lowered its debt rating by Fitch Ratings, Moody's Investors Service cut the ratings of 16 banks Spain, and Philadelphia reported manufacturing unexpectedly weakened in May.

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