QuantumLogicTrading

USOIL/ UKOIL: IEA MONTHLY OIL MARKET REVIEW WTI & BRENT

FX:USOIL   Crude Oil (WTI)
IEA Monthly Oil             Market Review:

-IEA Keeps World Oil             Demand Growth Forecast at 1.4M B/D in 2016
-IEA Downgrades World Oil             Demand Growth to 1.2M B/D in 2017
-IEA Sees Lower Oil             Demand Growth on Dimmer Macroeconomic Outlook
-IEA Sees Lower Oil             Demand Growth on Dimmer Macroeconomic Outlook
-IEA Says Global Oil             Supply Up 800,000 B/D in July on Higher OPEC, Non-OPEC Output
-Non-OPEC Output Seen Falling by 900,000 B/D in 2016--IEA
-Non-OPEC Output Will See Growth of 300,000 B/D in 2017--IEA
-OPEC July Output Rose 150,000 B/D to 8-Year High of 33.39M B/D on Saudi, Iraq--IEA
-Saudi July Output Hit Record 10.62M B/D, Up 120,000 B/D From June-IEA
-IEA Says Kuwait and the UAE Pumped at Their Highest Ever Levels
-IEA: Non-OPEC Supplies Output Rose by 550,000 B/D in July, to 56.7M B/D
-IEA Says Expects More Subdued Growth in Refining Activity
-IEA Says Crude Oil             Balance Indicates Hefty Draw in Third Quarter
-IEA Says Massive Stock Overhang Keeping Lid On Prices
-IEA Says OECD Commercial Stocks Stood at 3.093B Barrels by End-June
Good information ... the fundamentals are against oil price increases. Not to say that prices cannot be traded up regardless ...as is the way sometimes. Need to keep light footed.
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Thanks for the comment. And yes i agree, oil is a tricky market at the best of times!
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the price of oil was corelated withe the us $ at 0,75 % now is over 90 % . so if the us $ go down well oil go up prety much what append this morning
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