NYMEX crude oil closed higher Friday as Iraq halts oil shipments

Friday (May 17) Trend Description:rhnThe U.Sconsumer confidence index for May is much higher than expected, confidence levels are close to pre-financial crisis levelsJapan's monthly rate of machinery orders rose sharply in March, with companies gaining more confidence in investing in equipment, while iraqi-Turkish pipeline transportation was suspended, supply and demand outlooks were upbeat, supply terminals were worried and crude oil prices climbedrhn
The daily K-line chart shows that NYMEX crude oil futures closed at a small yang line with a lower shadowCrude oil prices continued to fall steadily during the Asian sessionCrude oil prices rebounded early in European trading and then steadily roseU.Scrude oil prices were flat at highlevel levels during the U.Ssessionrhn
NYMEX June crude futures hit a high of $96.45 a barrel, hitting a low of $94.79 a barrel, up $0.86, or 0.90 percent, at $96.02 a barrelrhn
Fundamentals:rhn 1 Yves Mersch, a member of the European Central Bank's executive committee, said on Friday that eurozone inflation could bottom out in April Turning to the question of monetary policy, Mr Mersch reiterated the ECB's stance, saying there were no constraints on future monetary policy But he also noted: "There is no need to deviate from the commission's current assumptions and to boost the economy by pushing up inflation." rhn
U.S consumer confidence in May was much higher than expected, with confidence levels close to pre-financial crisis levels, according to a University of Michigan survey released Friday The University of Michigan's consumer confidence index for May was 83.7, the highest level since July 2007, and is expected to be 78.0, up from 76.4 in April rhn
Canada's consumer price index (CPI) rose at a near three-year low in April as gasoline prices fell sharply, according to data released Friday by Statistics Canada Canada's CPI rose 0.4 percent in April and is expected to grow 0.6 percent, the data showed On a seasonally adjusted basis, the monthly rate of CPI fell by 0.2%, and is expected to be flat rhn
Japan's monthly sales of machinery orders rose sharply in March, official data showed on Friday, highlighting the weaker yen and rising Japanese stock markets, which have given companies more confidence in investing in equipment Japan's core machinery orders jumped 14.2 per cent in March, faster than expected growth of 2.8 per cent, according to the Cabinet Office rhn
5 The suspension of the transport of the Iraqi-Turkish pipeline rhn
Fundamentals: rhn 1 Even if the central bank is given flexible space to support growth, it must be careful not to cast doubt on the central bank's commitment to its inflation target, Mr Will said on Friday Mr Weir said policymakers should not become "inflation maniacs" who would do the same to hurt growth in pursuit of the 2 per cent inflation target rhn
Canada's monthly rate of wholesale sales rose in March, but fell short of expectations, according to the latest data from Statistics Canada on Friday Canada's wholesale sales rose 0.3 percent in March to C$49.08 billion, with an expected 0.4 percent increase, the data showed In addition, Canada's wholesale sales rose 0.1 percent in March In addition, Statistics Canada revised its monthly rate of wholesale sales to 0.1% in February, flat at an initial level rhn
Greece's international creditors are still demanding to raise 2.6 billion euros this year, according to friday's report, unchanged from previous estimates Previously, industry insiders had expected international bonds to artificially reduce the financial pressure on Greece, reducing the amount of capital raised to $2 billion rhn
The International Monetary Fund said on Friday that the banking sector and the economy remained weak and that the country's banks remained highly financially high The country must adopt an immediate austerity programme rhn
Technical pattern analysis: rhn -day K-line chart shows that NYMEX June crude oil futures closed with a lower shadow line of small yang line Oil prices are below the 5-average, the MACD indicator is down, and the KDJ indicator is down rhn
Future outlook: "The dollar has had a profound impact on oil over the past few trading days, and the short-term dollar index may be weaker due to continued strength," said Tetsu Emori, 's Astmax Investments commodity trading experience All recent U.S indicators have been weak, putting pressure on the demand outlook rhn Friday (May 17) Trend Description: rhn the U.S consumer confidence index for May is much higher than expected, confidence levels are close to pre-financial crisis levels Japan's monthly rate of machinery orders rose sharply in March, with companies gaining more confidence in investing in equipment, while iraqi-Turkish pipeline transportation was suspended, supply and demand outlooks were upbeat, supply terminals were worried and crude oil prices climbed rhn
The daily K-line chart shows that NYMEX crude oil futures closed at a small yang line with a lower shadow Crude oil prices continued to fall steadily during the Asian session Crude oil prices rebounded early in European trading and then steadily rose U.S crude oil prices were flat at highlevel levels during the U.S session rhn
NYMEX June crude futures hit a high of $96.45 a barrel, hitting a low of $94.79 a barrel, up $0.86, or 0.90 percent, at $96.02 a barrel rhn
Fundamentals: rhn 1 Yves Mersch, a member of the European Central Bank's executive committee, said on Friday that eurozone inflation could bottom out in April Turning to the question of monetary policy, Mr Mersch reiterated the ECB's stance, saying there were no constraints on future monetary policy But he also noted: "There is no need to deviate from the commission's current assumptions and to boost the economy by pushing up inflation." rhn
U.S consumer confidence in May was much higher than expected, with confidence levels close to pre-financial crisis levels, according to a University of Michigan survey released Friday The University of Michigan's consumer confidence index for May was 83.7, the highest level since July 2007, and is expected to be 78.0, up from 76.4 in April rhn
Canada's consumer price index (CPI) rose at a near three-year low in April as gasoline prices fell sharply, according to data released Friday by Statistics Canada Canada's CPI rose 0.4 percent in April and is expected to grow 0.6 percent, the data showed On a seasonally adjusted basis, the monthly rate of CPI fell by 0.2%, and is expected to be flat rhn
Japan's monthly sales of machinery orders rose sharply in March, official data showed on Friday, highlighting the weaker yen and rising Japanese stock markets, which have given companies more confidence in investing in equipment Japan's core machinery orders jumped 14.2 per cent in March, faster than expected growth of 2.8 per cent, according to the Cabinet Office rhn
5 The suspension of the transport of the Iraqi-Turkish pipeline rhn
Fundamentals: rhn 1 Even if the central bank is given flexible space to support growth, it must be careful not to cast doubt on the central bank's commitment to its inflation target, Mr Will said on Friday Mr Weir said policymakers should not become "inflation maniacs" who would do the same to hurt growth in pursuit of the 2 per cent inflation target rhn
Canada's monthly rate of wholesale sales rose in March, but fell short of expectations, according to the latest data from Statistics Canada on Friday Canada's wholesale sales rose 0.3 percent in March to C$49.08 billion, with an expected 0.4 percent increase, the data showed In addition, Canada's wholesale sales rose 0.1 percent in March In addition, Statistics Canada revised its monthly rate of wholesale sales to 0.1% in February, flat at an initial level rhn
Greece's international creditors are still demanding to raise 2.6 billion euros this year, according to friday's report, unchanged from previous estimates Previously, industry insiders had expected international bonds to artificially reduce the financial pressure on Greece, reducing the amount of capital raised to $2 billion rhn
The International Monetary Fund said on Friday that the banking sector and the economy remained weak and that the country's banks remained highly financially high The country must adopt an immediate austerity programme rhn
Technical pattern analysis: rhn -day K-line chart shows that NYMEX June crude oil futures closed with a lower shadow line of small yang line Oil prices are below the 5-average, the MACD indicator is down, and the KDJ indicator is down rhn
Future outlook: "The dollar has had a profound impact on oil over the past few trading days, and the short-term dollar index may be weaker due to continued strength," said Tetsu Emori, 's Astmax Investments commodity trading experience All recent U.S indicators have been weak, putting pressure on the demand outlook "
rhn