Crude Oil Fundamental Analysis December 25, 2012, Forecast

Analysis and Recommendations:

Crude Oil lost a bit of momentum as markets were more or less quiet on this shortened trading day as the Christmas holiday approaches, traders have already moved to safety or removed themselves from the markets. There was little activity except on going flights to reduce risk and move the safety of the US dollar. Traders can expect Crude oil prices to be down as a stronger dollar will keep investors away thus pushing prices further down. fall in crude oil futures prices was in line with a weakening trend in Asia with traders booking profits after a recent rally and as US politicians continue to wrangle over a deal to avert the fiscal cliff. Crude oil is trading at 88.49 down by 17cents in a quiet day with low volume and little movement.

As per the US Energy Department (EIA) report last week, US crude oil inventories declined as expected by 964,000 barrels to 371.60 million barrels for the week ending on 14th December 2012. Gasoline stocks rose by 2.21million barrels to 219.30 million barrels and whereas distillate stockpiles slipped by 1.09 million barrels to 117.0 million barrels for the last week. Factors that influenced crude oil prices

Expectations of rise in the demand in the final 3 months of 2012 to average of 90.5 million barrels per day, 0.5 percent higher than earlier forecast by the IEA.  Favorable data from the US and Chinese economy raised hopes that the demand might improve from the key consuming nations in the coming months. Weakness in the DX in the early part of the week.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data December 24, 2012 actual v. forecast

There were no top tier economic events on Monday as global markets closed early for the Christmas holiday. Japanese markets are closed all day for a regional holiday.

WEEKLY

• This Week in Petroleum
  Release Schedule: Wednesday @ 1:00 p.m. EST (schedule)
• Gasoline and Diesel Fuel Update
  Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule)

Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix

Upcoming Economic Events that affect the CHF, EUR, GBP, CAD and USD

Global markets are closed for the Christmas Holiday; many will reopen on Wednesday while some countries are out for additional days. There is no eco data on the calendar for December 25^th. We will not print any fundamental analysis on Christmas day and will return on December 26^th. I would like to wish all of my readers an enjoyable holiday season.

Government Bond Auction

Date Time Country 

Dec 26 01:30 Japan 

Dec 27 10:10 Italy  

Dec 28 10:10 Italy  

• D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule)