Nevertheless, it would be enough gay guatemala internacional to reduce the resurgence in commodity

In recent days we have witnessed achieve a temporary agreement between the so-called P5 + 1 countries (USA, Britain, France, Russia, China and Germany) and Iran to restrictions in its nuclear program. It would seem that this will greatly affect oil prices gay guatemala internacional on world markets. Looking at the course baskets of North rop Brent, but it almost does not move, while on a weekly basis contract at the London branch of the American Stock Exchange ICE ended above. Increasing supplies of Iranian oil market would certainly have caused significant downward pressures on prices, because it is a country with the world's fourth largest reserves (and, inter alia, the second largest reserves of gas!). In particular, it is exports to India, which in recent months have faced considerable capital outflow associated with the possible restriction gay guatemala internacional of QE in the US and where oil imports are a significant item in the Indian international gay guatemala internacional trade balance. While in India, like China, Turkey, Japan and South Korea, Iran exported gold and black in the current regime, so it was a very small amount and according to the data for October gay guatemala internacional only 0.7 million barrels per day (last 3 months diameter of 0.95 miles. barrels gay guatemala internacional per day). Releasing gay guatemala internacional the chances of export gay guatemala internacional commodities and insurance, however, within gay guatemala internacional the six-month interim deal will not lead to an increase in exports, but the point is to prevent further limit the quantity exported. gay guatemala internacional Possible exports to other countries that are exceptions to the sanctions, Taiwan, Sri Lanka and Malaysia are not excluded. Even so, it is not expected that total exports will be higher than 1.2 mil. Barrels per day. From 1980 to r. 2012, it was the exports gay guatemala internacional of around 2.5 mil. Barrels per day, that is currently gay guatemala internacional almost 60% of the capacity of the period before the sanctions.
Key points of the agreement are the following: - the agreement is for 6 months, and both sides are working on the final agreement - another new sanctions will be imposed - reduce the chances that a reverse character in the case of non-compliance by Iran in the reduction of its nuclear program
This means achieving a final agreement is in sight for now. So what now holds the Brent oil price above $ 100 a barrel? They're re defects in supplies from Libya because of local unrest and blocking ports and oil fields. World unplanned disturbances in the supply of black gold reaching roughly from mid this year, the highest value in the last two years (almost 3 million. Barrels per day), and Libya with them accounts for 39%. In 2012, Libya exported 70% of its oil production to Europe. Hence that impact on European oil. Blackouts are within the same time period with regular maintenance European refineries, which in turn provides a certain ceiling, otherwise Brent was probably even higher at the moment.
Production of oil and liquid fuels outside gay guatemala internacional OPEC in the first half of 2013 zvýšla by 1.2 mil. Barrels per day. This is a twofold gay guatemala internacional increase compared to the same period last year. It is due to the revolution, however, an alternative mining in North America. As for the US oil exports, so here is essentially still valid ban and is the bare minimum, but for the products they are about 3 mil. Barrels per day, which is three times higher (!) Than it was some eight years ago. Globally, such as pressures on the decline at the moment, but it is an American oil WTI (stocks are over 17 mil. Barrels higher than a year ago), who lives "my life" unless those restrictions on exports to the world directly at black gold US removed. This situation is less favorable for exporters to the US as Venezuela or Saudi Arabia, who must infer the price of its sales from the benchmark gay guatemala internacional in the Gulf of Mexico, which reduces their income. Conversely, especially Texas refinery is a big plus. These purchases inputs at the American benchmark and sell finished petroleum products gay guatemala internacional to the world at international prices, which are derived from Brent.
Certainly, if the situation in Iran stabilized and gradually coming to a final agreement, gay guatemala internacional plus it reduces tension in Libya, but also a new level of dispute Japan and China on an archipelago in the East China Sea, it is possible decline of Brent crude oil to around USD 85 per barrel . At that moment would probably OPEC members began to limit production to return to their perceived simultaneously "good" level of around $ 100 per barrel.
Nevertheless, it would be enough gay guatemala internacional to reduce the resurgence in commodity spread between Brent and WTI US, which again increases to $ 20 per barrel (spread already managed to eliminate this summer, or the chance to profit from this position is again possible).
At last report, the US Commission on commodity markets held by traders (outside hedgers) net 348,197 positions US crude on buying side, which represents a decrease of 1,737 positions at LONG mezitýdně. Support is at the January contract for WTI on the NYMEX Division of the Chicago Stock Exchange gay guatemala internacional CME at 91.36 and 90.64 and resistance at 93.16 and 94.29. Finally, let's look at the price development of both Brent and WTI and their commodity spread recently, click to enlarge:
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