Hledat v komentářích
Investiční doporučení
Výsledky společností - ČR
Výsledky společností - Svět
Týdenní přehledy

Detail - články
Brent settled at five-month high

Brent settled at five-month high

8.2.2013 11:49

Unlike the most of commodities, Brent price rose on Thursday and settled at 117.24 USD per barrel, i.e. at a five-month high. Today in early trading, Brent extends yesterday’s gains on better than expected Chinese data and its price is thus set to increase in a fourth consecutive week. Both Chinese exports and imports rose sharply in January, pointing to solid demand from abroad and domestic. Import of crude oil grew by 7.4 % Y/Y and at 5.92 million barrels per day (mbpd) was the third highest in a history. The figures should be, however, interpreted with caution as next week’s Chinese New Year could have caused some distortions.

Regarding yesterday’s news, Iran’s supreme authority Khamenei sharply refused an offer from the U.S. Vice President Biden to hold talks on Iranian nuclear programme. Khamenei’s words might have added some additional support to the oil price. According to EIA’s data, Iranian oil production fell by 0.95 mbpd in December 2012 and by 0.7 mbpd on average last year due to the sanctions against the regime.

Base Metals
Better than expected China’s data provided only limited support to base metals prices today in early morning and both copper and aluminium are seen just touch above yesterday’s settlement levels. LME copper price bounced off 8200 USD per ton (USD/t) level and at the time of writing of this note is seen at 8234 USD/t. China’s copper imports slightly increased in January in comparison with December, but year-on-year were 15 percent lower. China’s end-use demand for the red metal seems to be relatively comfortably covered by supply; this is signalled by both shape of ShFE forward curve and a negative price differential against LME price.

Nově na Patria.cz - obchodní signály na forexu podle technických indikátorů ADX, Williams R% a klouzavých průměrů!
Váš názor
Na tomto místě můžete zahájit diskusi. Zatím nebyl zadán žádný názor. Do diskuse mohou přispívat pouze přihlášení uživatelé (Přihlásit). Pokud nemáte účet, na který byste se mohli přihlásit, registrujte se zde.
Aktuální komentáře

Související komentáře
Nejčtenější zprávy dne
Nejčtenější zprávy týdne
Nejdiskutovanější zprávy týdne
Denní kalendář hlavních událostí
Anheuser-Busch InBev SA/NV/old (09/16 Q3)
Danske Bank A/S (09/16 Q3)
Goodyear Tire & Rubber Co/The (09/16 Q3, Bef-mkt)
Chevron Corp (09/16 Q3, Bef-mkt)
International Consolidated Airlines Group SA (09/16 Q3)
Novo Nordisk A/S (09/16 Q3, Bef-mkt)
Royal Bank of Scotland Group PLC (09/16 Q3)
Weyerhaeuser Co (09/16 Q3, Bef-mkt)
Xerox Corp (09/16 Q3, Bef-mkt)
1:30JP - CPI, y/y
6:45UBS Group AG (09/16 Q3)
7:00BNP Paribas SA (09/16 Q3)
7:30Linde AG (09/16 Q3)
7:30Sanofi (09/16 Q3)
7:30Skanska AB (09/16 Q3)
7:45Eni SpA (09/16 Q3)
8:00Electrolux AB (09/16 Q3)
8:00Hexagon AB (09/16 Q3)
8:00TOTAL SA (09/16 Q3)
12:30Newell Brands Inc (09/16 Q3)
13:00AbbVie Inc (09/16 Q3)
13:00AutoNation Inc (09/16 Q3)
13:00Hershey Co/The (09/16 Q3)
13:00Phillips 66 (09/16 Q3)
14:00DE - Harmonizovaný CPI, y/y
14:00Exxon Mobil Corp (09/16 Q3)
14:00Mastercard Inc (09/16 Q3)
14:30USA - HDP, q/q a
16:00USA - Index spotř. důvěry Mich. university