review the oil market for 20.01.10 1000
Dynamics
Quotes of the oil market on Wednesday, January 20 on the basis of bidding closed with a decrease in value against the background of strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of equity markets and adjacent areas.
At the New York Stock Exchange NYMEH the February futures price of U.S. crude fell by 1.40, or 1.8%, and its price was 77.62 dollars per barrel.
The ICE exchange in London, Brent crude futures price fell 1.58, or 2.0%, to 77.74 dollars per barrel.
Causes
On Wednesday, Jan. 20 quotes on the market of “black gold” closed with a decrease in price under the following factors: 1 - strengthening of the dollar in the FOREX market after the release of economic news makrostatistiki and 2 - the fall of the stock sites, where ” blue chips “Wall Street fell on the background of China”s intention to limit the liquidity of banks, reinforcing fears that global economic recovery will slow down (Dow Jones industrial average - 10603.15 (-122.28, or -1.14%), Nasdaq Composite - 2291.25 (-29.15, or — 1.26%), SP 500 - 1138.04 (-12.19, or -1.06%)), 3 - negative dynamics of the neighboring markets, namely, a significant drop in prices of precious metals; 4 - economic news - from China reported that banks were ordered to limit the amount of credit until the end of January, but the chairman of the Banking Regulatory Liu Minkail on Wednesday said that while banks were ordered to suspend lending in January, Chinese authorities will control the pace of credit growth this year, leading to a significant reduction in the issuance new loans in Japanese yen. Market participants think that this could lead to a slowdown in oil consumption, 5 - air temperature exceeding the norm in the United States, and surplus stocks of distillates in the market also had a negative impact on oil futures.
From news worth noting that oil production at Sakhalin will increase to 16 million tons in 2010. This figure is a record for the island, where hydrocarbons swings a hundred years. In 2009, the Sakhalin produced 15.4 million tons. Most oil swings on the shelf of the island - on four offshore platforms in the Okhotsk Sea produced more than 13.5 million tons. Directly on the island of swaying slightly more than 1,6 million tons of oil. In the near future on the Sakhalin shelf will be installed, another offshore platform. Construction of foundation for it to begin in the coming months in Nakhodka. Experts predict that with the introduction of this platform is in operation in Sakhalin oil output will rise to 20-25 million tons per year.
What to expect?
The main event of today”s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Department of Energy, which can set the future direction trading. The market anticipates a reduction of stocks of distillates, but at the same time, expect growth stocks of gasoline and crude oil. Among distillates include heating oil and diesel fuel.
Why worry?
The main negative factors in the oil market are U.S. dollar and the technical picture, namely, the psychological and technical level of 85 dollars per barrel, which does not allow to pass higher oil prices, thereby encouraging market participants to lock in profits on the open long positions.
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Analyst Ratings
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Ukreximbank Housing support their capital
FT: Germany promotes the head of the Bundesbank to the ECB presidency
On Russia”s market returned podazhi, further dynamics of trades will depend on the statistic data from the U.S.
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 77.6188 billion rubles
Conference on-line: “System trade today and tomorrow”
Recommendations on RTS Index futures on Thursday
Unfavorable showed today an active rise in price in recent weeks, shares VSMPO, “Severstal”, “Akron” and “Uralkali
Speculative recommendation on shares of Gazprom, Lukoil, Norilsk Nickel, Sberbank and VTB
Companies TGK-2 in 2009 reduced the production of electricity by almost 11% to 9.3869 billion kWh
The main event of today”s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Department of Energy
review the oil market for 20.01.10 1000
Dynamics
Quotes of the oil market on Wednesday, January 20 on the basis of bidding closed with a decrease in value against the background of strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of equity markets and adjacent areas.
At the New York Stock Exchange NYMEH the February futures price of U.S. crude fell by 1.40, or 1.8%, and its price was 77.62 dollars per barrel.
The ICE exchange in London, Brent crude futures price fell 1.58, or 2.0%, to 77.74 dollars per barrel.
Causes
On Wednesday, Jan. 20 quotes on the market of “black gold” closed with a decrease in price under the following factors: 1 - strengthening of the dollar in the FOREX market after the release of economic news makrostatistiki and 2 - the fall of the stock sites, where ” blue chips “Wall Street fell on the background of China”s intention to limit the liquidity of banks, reinforcing fears that global economic recovery will slow down (Dow Jones industrial average - 10603.15 (-122.28, or -1.14%), Nasdaq Composite - 2291.25 (-29.15, or — 1.26%), SP 500 - 1138.04 (-12.19, or -1.06%)), 3 - negative dynamics of the neighboring markets, namely, a significant drop in prices of precious metals; 4 - economic news - from China reported that banks were ordered to limit the amount of credit until the end of January, but the chairman of the Banking Regulatory Liu Minkail on Wednesday said that while banks were ordered to suspend lending in January, Chinese authorities will control the pace of credit growth this year, leading to a significant reduction in the issuance new loans in Japanese yen. Market participants think that this could lead to a slowdown in oil consumption, 5 - air temperature exceeding the norm in the United States, and surplus stocks of distillates in the market also had a negative impact on oil futures.
From news worth noting that oil production at Sakhalin will increase to 16 million tons in 2010. This figure is a record for the island, where hydrocarbons swings a hundred years. In 2009, the Sakhalin produced 15.4 million tons. Most oil swings on the shelf of the island - on four offshore platforms in the Okhotsk Sea produced more than 13.5 million tons. Directly on the island of swaying slightly more than 1,6 million tons of oil. In the near future on the Sakhalin shelf will be installed, another offshore platform. Construction of foundation for it to begin in the coming months in Nakhodka. Experts predict that with the introduction of this platform is in operation in Sakhalin oil output will rise to 20-25 million tons per year.
What to expect?
The main event of today”s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Department of Energy, which can set the future direction trading. The market anticipates a reduction of stocks of distillates, but at the same time, expect growth stocks of gasoline and crude oil. Among distillates include heating oil and diesel fuel.
Why worry?
The main negative factors in the oil market are U.S. dollar and the technical picture, namely, the psychological and technical level of 85 dollars per barrel, which does not allow to pass higher oil prices, thereby encouraging market participants to lock in profits on the open long positions.
2; user rated material on 4,5.
Analyst Ratings
Ukreximbank Housing support their capital
FT: Germany promotes the head of the Bundesbank to the ECB presidency
On Russia”s market returned podazhi, further dynamics of trades will depend on the statistic data from the U.S.
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 77.6188 billion rubles
Conference on-line: “System trade today and tomorrow”
Recommendations on RTS Index futures on Thursday
Unfavorable showed today an active rise in price in recent weeks, shares VSMPO, “Severstal”, “Akron” and “Uralkali
Speculative recommendation on shares of Gazprom, Lukoil, Norilsk Nickel, Sberbank and VTB
Companies TGK-2 in 2009 reduced the production of electricity by almost 11% to 9.3869 billion kWh