Technical & Fundamental Oil Reports Specialists

Follow us

PVM Midday Report 24 March 2014

Published Monday, March 24th, 2014


  1. Eurozone flash PMIs signal continued recovery – France surges, Germany disappoints
  2. Ukraine orders withdrawal of its armed forces from Crimea
  3. Oil flows along the Yemeni Ma’rib pipeline suspended following attack by tribesmen
  4. Speculators cut net length in ICE Brent by 1,274 contracts in week ended March 18


Economy: European stocks are starting the week on the back foot as investors contend with further soft economic data from China and lingering Ukrainian tensions – the Eurofirst 300 is down 0.4%. Although the latest PMI reading pointed to a fifth consecutive decline in Chinese industrial output, Asian indices rose on the expectation of accommodative policies from Beijing. The Russian rouble and Moscow’s Micex are rallying as Russia amasses troops on its border with Ukraine and moves to consolidate its control over Crimea.

To read the rest of the report, please click here 

Posted by Stephen Brennock

Stephen Brennock joined PVM in 2013 after having worked as a project manager for a business development firm. He graduated with a degree in Business Management in 2007.