Thu, 03 May 2012 06:08:00 +0400
You are free to discuss this article here: forum for traders and investors
Stock exchange news, coffee. This year coffee producers will have higher spirits due to rains in Brazil. According to predictions of Conab, production volume will vary between 49 mln. and 52.3 mln. bags, in comparison to 43.5 mln. bags last year.
The situation around Iran remains tough. Yesterday a US citizen of Iranian descent was sentenced to death for spying. Today Timothy Geithner is on his visit to China. He is expected to ask China to back the sanctions against Iran. According to Dennis Ross, President Obama’s former Mideast advisor, the USA is ready to attack Iran in order to cease its nuclear program. Goldman Sachs has increased its oil price forecast for 2012.
Stock exchange news, oil. Translated from Greek, oil means “to flash, to ignite”. Current oil use is so wide that it has become the major fuel worldwide. It is this time of goods that is carefully watched by financial experts, investors, and businessmen.
Oil export currently gives major profit in Russia. Analytics of Masterforex-V Academy sum up annual results. The dynamics of oil price in 2011 and predictions for 2012 are provided further.
For investors: major performance indicators of 2011
Events at oil market during the last week of December 2011. Five last days of December have not been quiet for the USA and Iran. The price of February contracts on futures of WTI oil has risen by 0.2% to 99.85 dollars per bushel. In December maximal price of such contracts has amounted to 100.16 dollars per bushel. Before the last leap the value of papers has risen by 0.29%. Speaking about Brent grade, the cost of futures contracts is also rising; it has risen by 0.03%, having reached the point of 108.04 dollars per bushel.
What was the reason of such change?