The summer dance
of crude oil is fairly tight due to new events such as increase output
from Iran and decreased demand. Front month August NYMEX price bounced from $45
to $50 per barrel. As summer trading continues, crude oil prices fell to $40 per barrel. World crude oil supplies increased, along with violence around the globe. August WTI crude oil prices pierced the $40 per barrel floor
with $39.20 and Brent crude oil futures hit $41.60 per barrel.
This
changes in export laws and policies enable different logistical
transportation of supplies to move behind the curtain without being
seen. Vitol recently exported crude oil from Libya. Libyan oil supply
and Iranian crude imply significantly increased volumes. The USA recently attacked ISIS in Libya. Will this curtail Vitol's exports? European demand appears stagnant. China and the USA are both
exporting crude products. This is a major departure from past historical
comparisons.
Negative
bond rates have expanded across the world. Lower yields, decreased
demand, and increased suppliers reflect a trading range which currently
remains between $42 and $62 for the coming year. An expansion of
negative yields should lower the top trading range about $48 to $50.
BREXIT
impact is lower demand. Parking money in crude oil seems safer in
the near term for hedge funds. Depending upon the currency hedge, some
currencies trades have lost almost 30% in the first half of 2016.
Banking failures seem imminent as EU budgets shrink, currency volatility
increases, and yields fall.
Will
these circumstances close any trading offices in Europe? How do
negative yields impact margin accounts? Does the margin accounts
interest increase in nominal terms due to its percentage of trade value?
©2016 ALL RIGHTS RESERVED Rebecca Stone SpeedyReads.com
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About the Author
Dr.
Rebecca Stone earned a MBA in Finance from the University of St. Thomas
in Houston, a Masters Degree from the Texas Health and Science
University in Austin, BBA from the University of Texas at Austin, and a
foreign Medical Degree in Alternative Medicine. Her medical writing
includes over three hundred articles in the field of medicine and
alternative medicine. She has written three medical books available
online.
SpeedyReads publishes book written by Dr. Rebecca Stone,
including The New Drone Juggernaut ©2015, Quantum Brain Healing ©2011,
Quantum Orthomolecular Medicine ©2011, and Horny Goat Weed, the Magic
Chinese Herb ©2015. The most recent book will be available in Spanish in
the near future at Barnes & Noble.
Her
current status at AMAZON for the Kindle book Horny Goat Weed, the Magic
Chinese Herb ©2015 reached the top 5% of paid book sales for it’s
medical category. Dr. Rebecca Stone also wrote The Undersea Adventures
of Aladin and Alibaba.
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