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
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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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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