Sunday , April 11 2021

Merchandise (17.00): US oil price with profits



Vienna (APA): The price of US petroleum has tended to be firmer on Friday at the end of the European market versus the previous day. At 5 in the afternoon, a 159-liter West Texas Intermediate (WTI) barrel cost $ 54.42, an increase of 1.17 percent on Thursday. The future in a barrel of the North Sea Brent was changed to $ 61.66.

In the morning, WTI and Brent still saw losses of stock prices, which Commerzbank analysts attributed to the taking of results. In January, WTI posted a year-on-year increase of 18 percent, the highest monthly increase since April 2016, according to experts. To Brent, the plus sum to 15 percent.

In the afternoon, most of the nice US data appeared. The US economy created significantly more jobs than expected at the beginning of the year, but wages and salaries only increased slightly.

In addition, the state of mind of US industry has been surprised. The ISM Manufacturing PMI of January rose from 54.3 points in the previous month to 56.6 units. Economists were expecting a decline. The consumer confidence index of the University of Michigan also fell less than what was expected in the market.

On Friday afternoon, the price of gold in London was $ 1,317.53, from the closing price of $ 1,321.04 on Thursday. However, the precious metal still exceeds 1,300 dollars. "After the Fed has indicated the provisional end of its rate-rise cycle and the expectations of the interest rate increase have been completely at the market price, the market will become more attractive as an investment alternative, "commented Commerzbank's experts.

Courses of selected raw materials:

Crude oil (USD / Barrel): Recent change (%) Brent 61.66 60.84 +1.35 WTI 54.42 53.79 +1.17 OPEC-Daily 61.19 60.93 + 0.43 Precious Metals (Item / USD): Gold 1,317.53 1,321.04 -0.27 Silver 15.97 16.04 -0.44 Platinum 828.03 821.00 +0.86 Agricultural products (USD): Robust Coffee 129.80 128, 85 +0.74 Cocoa 2.176.00 2.168,00 +0.37 Sugar 339.40 341.30 -0.56 Corn 177.25 177.75 -0.28 Soy 926.75 915.25 +1.26 Wheat 205.25 205.75 -0.24 ~


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