IMF warns U.S. deficit cuts, NYMEX crude closes slightly lower on May 21

Carlo Cottarelli, head of financial affairs at the IMF, said the excessive reduction in the U.Sfiscal deficit would hurt the country's economy and a drop in all Sector Activity indices in Japan, which affected investors' expectations of the outlook for crude oil demand, which closed slightly lowerNYMEX June crude futures fell $0.55, or 0.57 percent, to $96.16 a barrelffg
Tuesday (May 21) Trend Description:ffgIMF head of financial affairs Carlo Cottarelli said the U.Sfiscal deficit reduction is too large, will hurt the country's economy, while japan's all-industrial activity index fell, which affected investors' expectations of the outlook for crude oil demand, crude oil prices closed slightly lowerffg
The daily K-line chart shows that NYMEX crude oil futures closed at a small negative line with a lower shadow lineCrude oil prices continued to strengthen steadily in AsiaCrude oil prices began to fall in early European trading, while U.Ssessions continued to fallffg
NYMEX June crude futures hit a high of $97.22 a barrel, falling 0.55 cents, or 0.57 percent, to $96.16 a barrelffg
Fundamentals positive: "Inflation in the U.S is pretty low now, unless it's high, and it's not time to exit," ffg 1St St Louis Fed President John Bullard said Tuesday If inflation meets our target, we will be more confident about the exit plan ffg 2 William Dudley, chairman of the New York Fed and a member of the Federal Reserve, said in a speech Tuesday that it was still too early to discuss how the Federal Reserve would adjust its asset purchases ffg
3 Although the Italian government has just formed a government, the question of its stability has never stopped However, Mario Monti, the country's former prime minister, said on Tuesday that a "re-election" would not come soon ffg
Fundamentals: ffg 1.German central bank said on Tuesday that the German economy would recover at a faster pace in the second quarter, but the European debt crisis remained a significant risk ffg
The Rba's minutes for may meeting on Tuesday read that members felt there was a need to cut interest rates at the May meeting because the pace of economic growth remained below potential and inflation did not pose a threat, although the committee was fully aware that several past rate cuts were still having an impact on the economy ffg
U.S chain sales cooled slightly last week, according to data released Tuesday by Redbook, a research firm U.S retail sales grew at an annual rate of 2.4 percent in the week of May 18, according to the data ffg
Japan's all-industry activity index fell 0.3 percent to 95.9 in March, after rising 0.6 percent in February, according to the Ministry of Economy, Tradeand Industry and Meti ffg
U.S crude oil inventories rose 532,000 barrels in the latest week 6.6, according to data released by the American Petroleum Institute (API), which showed that inflation in the U.K cooled in April as global crude oil prices fell The data showed that the UK's consumer price index (CPI) rose 0.2 per cent in April, below expectations of 0.4 per cent growth, and 0.3 per cent in March, while the annual rate of 2.4 per cent growth in April was also below expectations of 2.6 per cent, the lowest level since September 2012 and 2.8 per cent in March ffg
In a speech at the Peterson Institute for International Economics, a US think-tank, Cottarelli said the US is ready to make the biggest budget deficit reduction in nearly 50 years this year, despite high unemployment "We think it's too much "
ffg technical surface pattern analysis: ffg day K line chart shows that NYMEX June crude oil futures closed with a small negative line with the lower shadow line Oil prices are below the 5-average, the MACD indicator is down, and the KDJ indicator is down ffg
Future outlook: "The civil war in Syria is showing signs of getting worse and the dollar is starting to fall, although high inventories are still holding back oil prices," said Victor Shum, managing director of ihs consulting at ffg "Given the physical fundamentals, I think oil prices will now be moderate unless the fighting in Syria escalates further," analysts at ffg ANZ said in the report Carlo Cottarelli, head of financial affairs at the ffg , said the u.S fiscal deficit reduction would hurt the country's economy and the decline in all Japanese industrial activity indices, which affected investors' expectations of the outlook for crude oil demand, which closed slightly lower NYMEX June crude futures fell $0.55, or 0.57 percent, to $96.16 a barrel ffg
Tuesday (May 21) Trend Description: ffg IMF head of financial affairs Carlo Cottarelli said the U.S fiscal deficit reduction is too large, will hurt the country's economy, while japan's all-industrial activity index fell, which affected investors' expectations of the outlook for crude oil demand, crude oil prices closed slightly lower ffg
The daily K-line chart shows that NYMEX crude oil futures closed at a small negative line with a lower shadow line Crude oil prices continued to strengthen steadily in Asia Crude oil prices began to fall in early European trading, while U.S sessions continued to fall ffg
NYMEX June crude futures hit a high of $97.22 a barrel, falling 0.55 cents, or 0.57 percent, to $96.16 a barrel ffg
Fundamentals positive: "Inflation in the U.S is pretty low now, unless it's high, and it's not time to exit," ffg 1St St Louis Fed President John Bullard said Tuesday If inflation meets our target, we will be more confident about the exit plan ffg 2 William Dudley, chairman of the New York Fed and a member of the Federal Reserve, said in a speech Tuesday that it was still too early to discuss how the Federal Reserve would adjust its asset purchases ffg
3 Although the Italian government has just formed a government, the question of its stability has never stopped However, Mario Monti, the country's former prime minister, said on Tuesday that a "re-election" would not come soon ffg
Fundamentals: ffg 1.German central bank said on Tuesday that the German economy would recover at a faster pace in the second quarter, but the European debt crisis remained a significant risk ffg
The Rba's minutes for may meeting on Tuesday read that members felt there was a need to cut interest rates at the May meeting because the pace of economic growth remained below potential and inflation did not pose a threat, although the committee was fully aware that several past rate cuts were still having an impact on the economy ffg
U.S chain sales cooled slightly last week, according to data released Tuesday by Redbook, a research firm U.S retail sales grew at an annual rate of 2.4 percent in the week of May 18, according to the data ffg
Japan's all-industry activity index fell 0.3 percent to 95.9 in March, after rising 0.6 percent in February, according to the Ministry of Economy, Tradeand Industry and Meti ffg
U.S crude oil inventories rose 532,000 barrels in the latest week 6.6, according to data released by the American Petroleum Institute (API), which showed that inflation in the U.K cooled in April as global crude oil prices fell The data showed that the UK's consumer price index (CPI) rose 0.2 per cent in April, below expectations of 0.4 per cent growth, and 0.3 per cent in March, while the annual rate of 2.4 per cent growth in April was also below expectations of 2.6 per cent, the lowest level since September 2012 and 2.8 per cent in March ffg
In a speech at the Peterson Institute for International Economics, a US think-tank, Cottarelli said the US is ready to make the biggest budget deficit reduction in nearly 50 years this year, despite high unemployment "We think it's too much "
ffg technical surface pattern analysis: ffg day K line chart shows that NYMEX June crude oil futures closed with a small negative line with the lower shadow line Oil prices are below the 5-average, the MACD indicator is down, and the KDJ indicator is down ffg
Future outlook: "The civil war in Syria is showing signs of getting worse and the dollar is starting to fall, although high inventories are still holding back oil prices," said Victor Shum, managing director of ihs consulting at ffg "Given the physical fundamentals, I think oil prices will now be moderate unless the fighting in Syria escalates further," analysts at ffg ANZ said in the report "
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