Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 19 October 19:50 (GMT -05:00)



Stock and commodities markets

U.S. Oil Demand Drops Oil Prices


Oil prices are now going down again after rallying close to 60 dollars per barrels. Again, the prices failed to touch the $60 threshold. Brent oil lost 2,5% in 24 hours. NordFX reports that Brent futures for December delivery were trading around $58,53/b on Wednesday. On Thursday, the price dropped down to $57,03/b, which was the lowest price level since the end of the previous trading week. WTI oil went down in price as well. On Thursday, the price dropped down to 51,74 per barrel.
 

 

 

 

At the same time, international experts believe that oil prices are going to continue their downtrend in the near future. Some of they say that the recent efforts made by oil prices to set new 24-month highs were fueled by the fears that after the independence referendum in Kurdistan, the oil export from Northern Iraq would probably shrink. For those of you who don’t know, the region produces 600K b/d.
 
However, later last week, the Iraqi army gained control over the vast territory in the Kirkouk province, including the area with the main oilfields of the region. According to Sky News Arabia, the Kurds may lose up to 40% of the claimed territories free of terrorists. If that’s the case, they will get their borders back to those seen in 2003, which also deprives them of the biggest oilfields. Under such circumstances, Turkey is probably not going to shot down their pipelines (they threatened to do so after Iraq gained control over the oilfields). That said, the Kurdish factor hasn’t had any considerable impact on the situation.
 

 

On the other hand, the global market is entering the season of low demand. The auto season in the U.S. is about to be over as many oil refineries are going for the planned maintenance of their facilities, and that’s why they are reducing their demand for oil. At the same time, the U.S. Department of Energy reports that last week’s hurricane made the domestic production of crude oil drop all the way down to the lowest level in 5 years. However, despite all of that, the U.S. inventories of gasoline grew by 900K barrels last week.

s_2017_10_19_at_11_05_45.jpg

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

European ETFs - Decent Alternative to American ETFs

The mentioned PRIIP rules are forcing the financial service providers and brokers to publish a specific set of info documents including the so-called KID with the key info on certain investment and insurance products. Since the funds coming from outside of Europe do not conform to these requirements, they cannot be offered to EU residents as investment products.
Publication date: 19 September 01:48 AM

Warren Buffett Keeps Loading Up On Bank of America's Stock

Berkshire Hathaway keeps loading up on Bank of America's stock. This time, during the period of July 31st - August 4th, they purchased over 13,6 million shares, which cost 337 million dollars. The average prices was 24,81 dollars per share. With that being said, Berkshire Hathaway now owns 1,03 billion shares of the stock, which is 26,15 billion dollars in dollar terms. As for the Federal Reserve, they agreed to increase the fund's share to 24,9%.

Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

Today, another crude oil inventories report has been released by the USA:

Publication date: 03 June 12:21 PM

Is Gold Worth Investing Amid Crisis?

Securing assets has always been number-one goal during crises. This is something that worries borth financial experts and plain folks who are far from the  peculiarities of the financial world but who are still witnessing their savings vanish amid inflation and devaluation.

Publication date: 14 April 02:09 AM

Remember the Key Rules of Investing in Stocks

Without further ado, let's consider a bunch of principles of investing in stock, which will put the odds of succeeding in this business in your favor:

Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

It seems that the release of the long-awaited iPhone without any ports or holes is getting more and more portable. Apple has always favored minimalistic designs, especially over the last 5 years. In 2015, almost all of the classic ports were deprecated in MacBooks in favor of a single one - USB-C Thunderbolt 3. In 2017, iPhone 7 got rid of the 3.5mm audio jack.

Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM

Oil Prices Have Made The Biggest Rally In History

Gold, yen, and oil currencies are getting more expensive. The strike came for an unexpected direction. Saudi Arabia's oil facilities were attacked, which increased geopolitical risks in the region and simultaneously undermined the global oil supplies. That was basically the reason why crude oil prices made the biggest rally in history but then moved back a bit and are still trading over 10% higher relative to the start of the trading session. 
 
Publication date: 16 September 03:26 AM