{"id":83111,"date":"2015-12-30T07:31:19","date_gmt":"2015-12-30T12:31:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=83111"},"modified":"2015-12-30T07:31:19","modified_gmt":"2015-12-30T12:31:19","slug":"oil-prices-close-above-37-on-expectations-of-colder-weather","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/oil-prices-close-above-37-on-expectations-of-colder-weather\/","title":{"rendered":"Oil prices close above $37 on expectations of colder weather"},"content":{"rendered":"<div id=\"inves-4199491702\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 30, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Oil prices bounced back above $37 a barrel on Tuesday. Oil futures took back much of the ground lost in Monday\u2019s rout when both Nymex and Brent fell more than 3% after weak data out of China and Japan stoked concerns about demand.<br \/>\nDue to strengthening seasonal demand in coming weeks, on expectations of colder weather coming, oil prices were helped higher.<\/p>\n<p>February Brent crude on London\u2019s ICE Futures exchange added $1.17, or 3.2%, to finish at $37.79 a barrel. The global benchmark is down more than 15% in December and is on track for a 2015 drop of more than 34%. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February rose $1.06, or 2.9%, to finish at $37.87 a barrel. The U.S. benchmark remains down more than 9% since the end of November and is on track for a 2015 decline of nearly 29%.<\/p>\n<p>However, further upside in oil prices may be limited due to record robust production levels, and expectations that the cold weather that is forecast for the first part of next month (in the U.S.) will last for less than a week.<br \/>\nInvestors will look at U.S. official crude stockpiles and production data to be released on Wednesday, for more clues into the direction of oil prices.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p><div id=\"inves-4182115278\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Oil prices bounced back above $37 a barrel on Tuesday. Oil futures took back much of the ground lost in Monday\u2019s rout when both Nymex and Brent fell more than 3% after weak data out of China and Japan stoked concerns about demand. Due to strengthening seasonal demand in coming weeks, on [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83111","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=83111"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83111\/revisions"}],"predecessor-version":[{"id":83127,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83111\/revisions\/83127"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}