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Oil: Slight fall in U.S. crude stocks before the U.S. |
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Oil prices are stable at around 137 dollars for a barrel, investors awaiting the weekly publication of the state of American stocks of crude and that release of the Monetary Policy Committee of the Federal Reserve. At 10h23 GMT, the August contract on the U.S. light crude lost 18 cents, or 0.13% to 136.84 dollars per barrel and Brent fell one cent (0.0101 c) to 136.45 dollars. "There are American stocks and the meeting of the Monetary Policy Committee of the Fed today. These two events are listed in capital letters on the agenda of actors in the oil market," says David Moore, an analyst in the raw Commonwealth Bank of Australia. According to economists polled by Reuters, U.S. inventories should show a decline of 1.4 million barrels of crude oil, down 200,000 barrels of gasoline and an increase of 1.9 million barrels of distillates. In addition, Chevron announced the postponement of some deliveries of Nigerian oil after the attack, attributed to armed combatants, conducted last weekend against an oil pipeline. The markets also expect the release following the meeting of the Monetary Policy Committee of the Fed, which will be published at 18:15 GMT. The chairman Ben Bernanke and his colleagues are facing a crisis of the real estate market that seems part to curb the growth in the coming months, and the lack of relaxation on oil prices and other materials first, which translates into a growing inflation risk. This dilemma calls this time for a break, considered by many as a hinge between two monetary cycles, but that the timing of future movements the bank appears yet clear.
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Source: AMI/PMD |
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