BRENT crude oil forecast Fees of Brent crude oil closed the buying and selling week near the location of 54.59 dollars
commodities

United States Crude Oil Stocks Change Week ended December 29th

United States Crude Oil Stocks Change Week ended December 29th

  • crude oil in the United States fell by 7.419 million barrels
  • 4.609 million drops in the previous period
  • . Crude Oil Stocks Change in the United States averaged 0.05 BBL/1Million

 Crude Oil Stocks Change  – gasoline inventories went up by 4.813 million,

INSIGHT Crude Oil Stocks Change Stocks of crude oil in the United States fell by 7.419 million barrels in the week ended December 29th, 2017, following a 4.609 million drop in the previous period and compared with market expectations of a 5.148 million decline. It marks the seventh consecutive week of falls and the highest since the week ending August 11th.


source: tradingeconomics.com

Crude Oil Stocks Change

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Meanwhile, gasoline inventories went up by 4.813 million, following a 0.591 million rise in the previous week and above market expectations of a 2.182 million increase. Crude Oil Stocks Change in the United States averaged 0.05 BBL/1Million from 1982 until 2017, reaching an all time high of 14.42 BBL/1Million in October of 2016 and a record low of -15.22 BBL/1Million in January of 1999.

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Commodities Buyers and Producers

The sale and purchase of commodities is usually executed through futures contracts on exchanges that standardize the quantity and minimal satisfactory of the commodity being traded. As an example, the Chicago board of trade stipulates that one wheat agreement is for five,000 bushels and also states what grades of wheat can be used to meet the settlement.

There are sorts of traders that change commodity futures. The first is customers and producers of commodities that use commodity futures contracts for the hedging functions for which they were first meant. Theses buyers truly make or take delivery of the actual commodity while the futures agreement expires. As an example, the wheat farmer that vegetation a crop can hedge towards the hazard of dropping money if the charge of wheat falls before the crop is harvested. The farmer can promote wheat futures contracts while the crop is planted and guarantee a predetermined price for the wheat at the time it’s far harvested.

Theses traders in no way have the desire to make or take transport of the real commodity while the futures agreement expires. Among the futures markets are very liquid and have an excessive degree of each day variety and volatility, making them very tempting markets for intraday buyers. A number of the index futures are utilized by brokerages and portfolio managers to offset threat. Additionally, since commodities do now not generally exchange in tandem with equity and bond markets, some commodities can also be used correctly to diversify a funding portfolio.




COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



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Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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