PU Prime App
Exclusive deals on mobile
PU Prime App
Exclusive deals on mobile
Tenir les marchés mondiaux entre vos mains
Notre application de trading pour mobile est compatible avec la plupart des appareils intelligents. Téléchargez l’application dès maintenant et commencez à trader avec PU Prime sur tout appareil, à tout moment et en tout lieu.
20 January 2022,06:35
Weekly Outlook
20 January 2022, 06:35
On Wednesday night, January 19 (GMT+2), data released by the American Petroleum Institute (API) showed that U.S. crude oil inventories increased by 1.4 million barrels in the week of 14 January, while gasoline inventories increased by 3.5 million barrels. Meanwhile, distillate fuel stocks fell by 1.2 million barrels.
In its latest report, the International Energy Agency (IEA) raised its forecast for global oil demand by 200,000 barrels per day for both 2021 and 2022. The agency also has said that the OPEC+ coalition had achieved only 60 per cent of its planned output increase in December 2021.
Post-Market
In its report, the IEA also said that the global oil market situation appeared to be “tighter” than previously thought, with the latest coronavirus strain having surprisingly little impact on demand, although it is causing supply disruptions.
However, senior energy trader at CIBC Private Wealth Management Rebecca Babin has expressed that the market has already priced in the possibility of tighter supply in 2022, and that the IEA and other agencies are just catching up to that. Babin also added that “event risks in a tight market can cause outsized moves to the upside”.
OPEC officials and analysts also believe that oil prices are likely to continue to rise in the coming months, with oil prices likely to top $100 a barrel despite the spread of the Omicron variant due to a recovery in demand.
Overall, the increase in inventory data has weighed on oil prices. The focus now is on the upcoming US Energy Information Administration (EIA) data, which will be released tonight at 18:00 (GMT+2). If the EIA data displays an increase in inventories, oil prices may drop to 85 in the short term. However, under the current bullish market sentiments, the mid-to-long term trend will still persist.
As a friendly reminder, do keep an eye on market changes, control your positions, and manage your risk well.
Tradez le Forex, les indices, Métaux et plus encore avec des spreads faibles et une exécution ultra-rapide.
Inscrivez-vous pour un compte réel PU Prime grâce à notre procédure simplifiée.
Approvisionnez facilement votre compte grâce à un large éventail de canaux et de devises acceptées.
Accédez à des centaines d’instruments avec les meilleures conditions de trading.
Suite 201 Level 2, The Catalyst Building, 40 Silicon Avenue, Cybercity Ebene, Mauritius
Plaquettes de trading
Entreprise
FAQs
Application PU Prime - Commencez à trader avec un avantage
Risk Warning: Trading Contract for Difference (CFD) carries a high level of risk to your capital and may result in losses that exceed your deposits due to leverage. It's important to understand how CFDs work and assess whether you can afford the high risk of losing your money. When acquiring our derivative products, you do not own or have rights in the underlying assets. Past performance is not indicative of future results. The information on this website is general and does not take into account your personal objectives, financial circumstances, or needs. Seek independent advice from qualified experts if necessary, and ensure you fully understand the risks before making any trading decisions.
PU Prime Ltd, is authorized and regulated by the Financial Services Authority of Seychelles under License No. SD050, with registered address CT House, Office 9A, Providence, Mahe, Seychelles.
Finzero Cap Ltd, registered in the Republic of Cyprus with registration number HE414308 and registered address at 62 Athalassas, Mezzanine, Strovolos, 2012, Nicosia, Cyprus.
Finzero Cap Ltd facilitates services to the licensed and regulated entities within the PuPrime Organizational structure, including but not limited to payment services.
PU Prime Ltd is authorized and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst Building, 40 Silicon Avenue, Cybercity Ebene, Mauritius.
The information on this website is not intended for residents of certain jurisdictions, including the United States, Singapore, Australia, China and jurisdictions listed on the FATF and EU/UN sanctions lists. It is not intended for distribution or use where such distribution or use would be contrary to local law or regulation. While the Authority has granted a securities or derivatives investment business licence to the Licensee, it does not endorse the products offered.
Copyright © 2024 PU Prime.
