Current fuel oil price development: B�ri reaction to bullische data - a service of esyoil.com

Current fuel oil prices of esyoil.com (openPR) - the US externally stored datas published yesterday were a strong argument for rising prices. But neither this argument nor other fundamental aspects played a role during the selling price calculation. Those followed a vehement charttechnisch motivated b�rischen intuition. The prices fell around approximately 3 per cent. The upward trend got an absorber. In principle this does not come unexpectedly to the steep rise of the last weeks. Only meeting a bullischen impulse with a b�rischen reaction surprises. The dollar gave way yesterday easily. Course movements were braked in the apron of the interest decision of the EZB lining up today.

The surprising reaction to the US inventory data quite fits into the picture of the current stock exchange. This does not permit a reliable prognosis of the further price movement. Many data are present. About their reliability can be argued. A safe estimate over the development of supply and demand is not possible. Arbitrary speculations can sprout in the field. Dealers search in the Charttechnik stop. That is called it tries from the pictures of the price movements from yesterday the prices from tomorrow to derive. Up-to-date that means that a short term decline in prices enjoys high probability.

Despite the dominance of the Charttechnik the fundamental data are worth mentioning. DOE (department OF Energy) and API (American petroleum of institutes) provided yesterday for additional disconcertion, by submitting little consistent numbers.

Crude oil: -0,4 millions barrel (DOE) and/or +1.5 millions barrel (API)
Fuel oil and Diesel: -3,7 millions barrel (DOE) and/or -6.9 millions barrel (API)
Gasoline: +2,6 millions barrel (DOE) and/or -3.1 millions barrel (API)

In sum a dismantling of 1,5 (DOE) and/or 8.5 (API) millions barrels results. The imported goods are smaller than one week ago and one year ago. The refinery availability keeps itself persistent with deplorable 87 per cent. That is a fact for bulls.

The stock position is so well identical for situation 12 months ago ago. Before five years the situation was likewise alike. In the meantime the supplies were smaller. One year ago the prices were somewhat higher. Before five years the prices lay with a third of the today's values. Meanwhile the finiteness of the cheap oil and gas reserves is eingepreist.

The prices giving way at short notice are supported by prognoses of milder temperatures in the second February half. The reliability of so long weather forecasts is not high. It hands the B�rsianern meanwhile.

This morning gas oil is again more expensive than last night. The clear decline in prices calls after something counterreaction. The chances for further decline in prices are nevertheless good. The ton costs 514.50 $.

Our fuel oil prices giving way. They follow the defaults of the world market. An independent existence of the domestic market does not take place because of extremely small demand nearly. We consider the possibility of far falling prices given. The recent lowest values will however be reached hardly again. The purchase terms are worse than three weeks ago ago however better than one year ago.

esyoil GmbH
Beekeeper stairs 1
21339 Lueneburg
Email esyoil@esyoil.com
Telephone 04131-2243747

Esyoil The price index for fuel oil wants,

- Transparency into the fuel oil price landscape bring
- Confidence into the fuel oil trade manufacture
- fair and balanced fuel oil prices support
- new commercial forms for fuel oil create

Dieser Artikel wurde veröffentlicht auf
OpenPR - http://openpr.de/news/119326/Aktuelle-Heizoelpreis-Entwicklung-Baerische-Reaktion-auf-bullische-Daten-ein-Service-von-esyoil-com.html