CL Redux
- Thread starter schizo
- Start date
Wow thank god for crying babies, I limped out last night and early this morning. Who is Keltner?
I attached the statement since I was not able to post.
How about that dollar
86.50 does have a nice ring to it! Limping in with just 1 QM.
As Dejavu would say, shorting coffee today is like free money!!
Out at .80, my gut is not feeling good about this for some reason.
NYMEX-Crude falls on India rate hike, U.K. GDP dip
http://www.reuters.com/article/idUSN2531465220110125
NEW YORK, Jan 25 (Reuters) - U.S. crude oil futures prices
fell on Tuesday
A) after India raised interest rates and
B) on lift from a stronger dollar as expectations for higher euro zone
interest rates eased on news of Britain's weak fourth-quarterGDP data.
C) Ahead of weekly oil inventory reports, a Reuters analyst
survey on Monday yielded a forecast for crude stocks to have
posted another build last week, with imports expected to be up
again and also rising after the resumption of flows in the
Alaska pipeline. [EIA/S]
Last week, the U.S. Energy Information Administration
reported that U.S. crude oil inventories rose 2.62 million
barrels in the week to Jan. 14, against expectations stockpiles
would be lower. [ID:nN20121052]
FUNDAMENTALS
* On the New York Mercantile Exchange, March crude CLH1
fell $1.18, or 1.3 percent, to $86.69 a barrel at 8:35 a.m. EST
(1335 GMT), trading from $86.30 to $87.85. That intraday low
was the lowest front-month crude price since prices fell to
$86.27 on Dec. 2, 2010.
* India's central bank raised interest rates by a quarter
of a percentage point to clamp down on inflation and warned of
persistently higher food prices unless steps are taken to boost
supplies. [ID:nSGE70O07R]
* Britain's economy suffered a 0.5 percent contraction in
fourth-quarter 2010 after December's heavy snow took a far
harsher toll than economists had forecast, official data showed
on Tuesday. [ID:nAHLOCE7CK]
* Iraq's oil exports from its southern ports have jumped to
1.8 million barrels per day (bpd) so far in January, up 300,000
bpd from December, according to shipping data tracked by
Reuters. [ID:nLDE70O1A0]
* OPEC member Kuwait's oil minister said that he was happy
with the current oil prices near $90 a barrel. OPEC's output
decision would depend on the market conditions and the level of
compliance from producers, Oil Minister Sheikh Ahmad
al-Abdullah al-Sabah told reporters. [ID:nLDE70O07E]
* Indian refiners processed 8.3 percent more crude oil in
December from a year earlier, reversing a four month declining
trend, official data showed. Domestic refiners processed 3.48
million bpd of crude oil in December. [ID:nWNAS0632]
MARKETS NEWS
* The euro came off a two-month high as the euro zone
rescue fund's first debt offering attracted strong demand as
expected, while the pound fell after a shock contraction in the
UK economy last quarter. The dollar index .DXY strengthened
against a basket of currencies. [USD/]
* Copper fell more than two percent as investors worried
that rising interest rates in emerging economies would dampen
metals demand, and a falling dollar did little to cushion
prices. [MET/L]
* Sterling and British shares fell following a shock
contraction in UK economic growth in the fourth-quarter 2010,
spawning renewed worries over economic recovery that rippled
into other markets. [MKTS/GLOB]
http://www.reuters.com/article/idUSN2531465220110125
NEW YORK, Jan 25 (Reuters) - U.S. crude oil futures prices
fell on Tuesday
A) after India raised interest rates and
B) on lift from a stronger dollar as expectations for higher euro zone
interest rates eased on news of Britain's weak fourth-quarterGDP data.
C) Ahead of weekly oil inventory reports, a Reuters analyst
survey on Monday yielded a forecast for crude stocks to have
posted another build last week, with imports expected to be up
again and also rising after the resumption of flows in the
Alaska pipeline. [EIA/S]
Last week, the U.S. Energy Information Administration
reported that U.S. crude oil inventories rose 2.62 million
barrels in the week to Jan. 14, against expectations stockpiles
would be lower. [ID:nN20121052]
FUNDAMENTALS
* On the New York Mercantile Exchange, March crude CLH1
fell $1.18, or 1.3 percent, to $86.69 a barrel at 8:35 a.m. EST
(1335 GMT), trading from $86.30 to $87.85. That intraday low
was the lowest front-month crude price since prices fell to
$86.27 on Dec. 2, 2010.
* India's central bank raised interest rates by a quarter
of a percentage point to clamp down on inflation and warned of
persistently higher food prices unless steps are taken to boost
supplies. [ID:nSGE70O07R]
* Britain's economy suffered a 0.5 percent contraction in
fourth-quarter 2010 after December's heavy snow took a far
harsher toll than economists had forecast, official data showed
on Tuesday. [ID:nAHLOCE7CK]
* Iraq's oil exports from its southern ports have jumped to
1.8 million barrels per day (bpd) so far in January, up 300,000
bpd from December, according to shipping data tracked by
Reuters. [ID:nLDE70O1A0]
* OPEC member Kuwait's oil minister said that he was happy
with the current oil prices near $90 a barrel. OPEC's output
decision would depend on the market conditions and the level of
compliance from producers, Oil Minister Sheikh Ahmad
al-Abdullah al-Sabah told reporters. [ID:nLDE70O07E]
* Indian refiners processed 8.3 percent more crude oil in
December from a year earlier, reversing a four month declining
trend, official data showed. Domestic refiners processed 3.48
million bpd of crude oil in December. [ID:nWNAS0632]
MARKETS NEWS
* The euro came off a two-month high as the euro zone
rescue fund's first debt offering attracted strong demand as
expected, while the pound fell after a shock contraction in the
UK economy last quarter. The dollar index .DXY strengthened
against a basket of currencies. [USD/]
* Copper fell more than two percent as investors worried
that rising interest rates in emerging economies would dampen
metals demand, and a falling dollar did little to cushion
prices. [MET/L]
* Sterling and British shares fell following a shock
contraction in UK economic growth in the fourth-quarter 2010,
spawning renewed worries over economic recovery that rippled
into other markets. [MKTS/GLOB]