Posts Tagged ‘energy’

WTI Trades Near Two-Month Low Before Supply Data; Brent Declines

by Forex Rooton July 15, 2014 8:50 am BST
West Texas Intermediate crude traded near the lowest price in two months before inventory data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent fell in London. Futures were little changed in New York after gaining eight cents yesterday. U.S. gasoline stockpiles probably increased by 900,000 barrels […]

USDCAD Downtrend Intact; Is 1.06 Next?

by Christopher Lemieuxon June 30, 2014 8:16 pm BST
USDCAD is down modestly after the Canadian dollar paired back losses following a less than expected gross domestic product figure, .1 percent increase opposed to expectations of .2 percent. The sluggish Canadian economy is halting any expectations of the Bank of Canada (BoC) increasing interest rates. However, the downtrend in the US dollar is adding […]

WTI Higher on the Session, Still Below Key Levels

by Christopher Lemieuxon June 24, 2014 2:01 pm BST
West Texas Intermediate (WTI) crude was higher on the session, but price action remains below key price levels. Traders are cutting back as the Iraqi Army looks to be taking back some ground captured by militants. Gene McGillian, an analyst and broker at Tradition Energy, said “at these levels we really need to see future […]

Traders Not Forecasting Brent Prices Higher Over Long-Term on Geopolitical Risks

by Christopher Lemieuxon June 24, 2014 12:22 pm BST
Traders could be underestimating the effect of geopolitical risk on the potential longer-term price application, as the Iraqi conflict between Islamic militants and the Iraq army grew more violent. According to the International Energy Agency, the growing geopolitical risk will pose the greatest threat to the new supply during this decade from any national in […]