PU Prime App
Exclusive deals on mobile
PU Prime App
Exclusive deals on mobile
Halten Sie die globalen Märkte in Ihren Händen
Unsere mobile Trading-App ist mit den meisten smarten Geräten kompatibel. Laden Sie die App jetzt herunter und beginnen Sie, mit PU Prime auf jedem Gerät, jederzeit und überall zu traden.
13 October 2022,04:37
Weekly Outlook
13 October 2022, 04:37
On Wednesday, 12 October (GMT+3), the US Energy Information Administration (EIA) released its Short-Term Energy Outlook (SETO). Forecasts for 2023 revealed an average global oil production of 100.7 million barrels a day – down 600,000 from September’s forecast and reflecting OPEC+’s announced cuts.
Oil consumption for 2023 is forecasted to be 101 million b/d – down 500,000 from the previous month and reflecting a downbeat outlook on global GDP growth.
With the current broad-based strength of the US dollar, the EIA has said that “For countries using other currencies…[it has become] more expensive to convert local currency into the US dollars necessary to import crude oil. A strengthening dollar also creates additional macroeconomic uncertainty by raising debt servicing costs for countries holding US dollar-denominated debt”.
Post-Market
Oil futures settled at a week’s low on Wednesday, with Brent and WTI futures both down over 2%. Oil prices have dipped in the past week after last week’s spike caused by production cuts of 2 million barrels a day announced by OPEC+ and its Russian-led allies.
However, the markets are now widely focused on the weakening outlook for global oil demand, given the EIA’s lowered SETO, as well as a new wave of Covid-19 cases in China and beyond. The American Petroleum Institute recorded an increase of over 7 million barrels for the week of October 7.
Additional pressure on energy prices comes from US dollar strength, which does not seem like it will abate anytime soon as the Fed continues to try to hit its targeted rate of 2% inflation. The central bank indicated at its most recent meeting that the pace of inflation remains “unacceptably high”, and that high interest rates will remain until inflation comes down.
In the wider markets, it has been a day of subdued movements as participants await a key inflation reading, the US month-on-month Core CPI figures for September, which will be released Thursday, 13 October at 15:30 (GMT+3).
As a friendly reminder, do keep an eye on market changes, control your positions, and manage your risk well.
Traden Sie Forex, Indizes, Metalle und mehr zu branchenweit niedrigen Spreads und mit blitzschneller Ausführung.
Registrieren Sie sich für ein PU Prime Live-Konto mit unserem unkomplizierten Verfahren
Zahlen Sie bequem über verschiedene Kanäle und in verschiedenen Währungen auf Ihr Konto ein
Erhalten Sie Zugang zu Hunderten von Instrumenten zu marktführenden Tradingbedingungen
Handelsplattformen
Unternehmen
FAQs
PU Prime App – steigen Sie mit einem Vorteil in das Trading ein
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 is a brand name of different entities authorised and registered in various jurisdictions.
PU Prime Limited is authorized and regulated by the Financial Services Authority of Seychelles under License No. SD050, with registered address at CT House, Office 1A, Providence, Mahe, Seychelles.
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.
PU Prime (Pty) Ltd is an authorised Financial Services Provider registered and regulated by the Financial Sector Conduct Authority of South Africa under License No. 52218, with registered address at 37 Harley Street, Ferndale, Randburg, Gauteng, South Africa.
The information on this website is not intended for residents of certain jurisdictions, including the United States, Singapore, Australia, China, Russia, 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.
Finzero Cap Ltd, registered in the Republic of Cyprus with registration number HE414308 and registered address at 62 Athalassas, Mezzanine, Strovolos 2012, Nicosia, Cyprus.
Copyright © 2024 PU Prime.
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
