Technical & Fundamental Oil Reports Specialists

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PVM Midday Report 26 September 2014

Published Friday, September 26th, 2014

  1. Iranian Oil Minister asks OPEC to prevent prices slipping
  2. Russian and Ukrainian officials commence work on ‘buffer zone’ in East
  3. Banks to return 4.9 bln euros in emergency loans to ECB next week
  4. Spain and Morocco have arrested militants who have been “linked to Islamic State”

Economy

In this mid-day report we usually write about the morning’s developments in the financial and oil markets and how they affected the technical outlook of the energy futures contracts. We shall comment on the changes of the morning below for each of the above categories but it should be kept in mind that the reason for these changes is the same. Stock markets are down, oil market is up and technical have flipped on the positive side.

to read the rest of the report, please click here 

Posted by Tamas Varga

Tamas Varga has been in the oil industry since 1992 and with PVM for 18 years. During his time in the industry he has gathered a range of experience in the oil markets. At PVM Tamas is in charge of data collection and analysis.