{"id":51044,"date":"2014-05-16T09:24:34","date_gmt":"2014-05-16T13:24:34","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=51044"},"modified":"2014-05-16T09:44:24","modified_gmt":"2014-05-16T13:44:24","slug":"crude-prices-bounce-back-on-supply-concerns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/16\/crude-prices-bounce-back-on-supply-concerns\/","title":{"rendered":"Crude Prices Bounce Back on Supply Concerns"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/ift.tt\/L42ObV\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>Crude prices bounce back from previous\u00a0losses, as\u00a0the commodity\u00a0was seen trading higher on Friday on speculation that the ongoing tension in Ukraine may weigh on supplies from Russia, the world\u2019s biggest energy exporter.<\/p>\n<p>Futures for the North American West Texas Intermediate (WTI) for June delivery rose 0.38% higher to $101.89 a barrel on the New York Mercantile Exchange at the time of writing.<span id=\"more-4114\"><\/span><\/p>\n<p>While the European benchmark Brent crude for June settlement was 0.11% higher to $109.21 a barrel on the London-based ICE Futures Europe exchange.<\/p>\n<h2><span style=\"text-decoration: underline\">Crude &#8211; Supply Concerns<\/span><\/h2>\n<p>According to a monthly oil market report released by the International Energy Agency (IEA) yesterday, the Organization of Petroleum exporting Countries is expected to supply an average of 30.7 million barrels a day of crude in the second half of the year.<\/p>\n<p>Meanwhile, with Ukraine\u2019s election around the corner, tensions in the country continue to escalate as Ukraine along with the US and European Union blames\u00a0Russia for the ongoing crises in the eastern region.<\/p>\n<p>The Saudi Oil Minister Ali Al-Naimi , expressed concerns over the possible impact the ongoing tensions could have on supplies after OPEC said it was prepared to face any shortage in crude supplies which could arise if exports from Russia were disrupted.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><i>Visit<\/i><\/strong><b><i>\u00a0<\/i><\/b><b><i><a style=\"color: #1fa2e1\" title=\"HY Markets\" href=\"http:\/\/ift.tt\/1fxqljy\" target=\"_blank\">www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b><strong><i>and start trading today with only $50 using the latest trading technology today.<\/i><\/strong><\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/ift.tt\/1nREJ9w\">Crude Prices Bounce Back on Supply Concerns<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/ift.tt\/L42ObV\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/ift.tt\/L42ObV\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog Crude prices bounce back from previous\u00a0losses, as\u00a0the commodity\u00a0was seen trading higher on Friday on speculation that the ongoing tension in Ukraine may weigh on supplies from Russia, the world\u2019s biggest energy exporter. Futures for the North American West Texas Intermediate (WTI) for June delivery rose 0.38% higher to $101.89 a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/16\/crude-prices-bounce-back-on-supply-concerns\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Prices Bounce Back on Supply Concerns&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-51044","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=51044"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=51044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=51044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=51044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}