Barclays Capital
Barclays Capital
Barclays Investment Bankis the investment banking division of the British multinational Barclays bank headquartered in London. It provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds...
crude dichotomy flush market products tight
The dichotomy in the US market between tight products and flush crude has become more pronounced.
asian bank central continuing economic fears fund further hopes interest justified large remains room upside
There remains room for further upside this year, with fund interest continuing to be justified on...inflationary concerns, fears of economic slowdown, hopes of large Asian central bank buying.
demand miss price remain supply
Don't miss the boat, again. Supply and demand fundamentals remain constructive for the price up-trends to persist.
given group interest positive price renewed risks sentiment
Given the renewed interest in commodities and positive sentiment in gold, price risks for the (platinum group metals) are still very much on the upside, in our view.
begin data early later product situation sooner supply though weekly
Sooner or later the seriousness of the situation for U.S. product supply will begin to show in the weekly U.S. data releases, though it may still be too early for that today.
atlantic disputes edge further operating serve system
In all, the disputes serve as further notice, if needed, that the Atlantic refining system is operating on the edge at the moment.
cut fall looking meeting oil output pressure prices prior sharp
A sharp fall in oil prices prior to OPEC's end-January meeting is looking increasingly unlikely, and the pressure on OPEC to make a cut to output prior to Q2 is abating.
appear continues environment favorable market overall
The market continues to appear well-supported and we see the overall macroeconomic and geopolitical environment as favorable for gold.
break continue likely looks potential prices though trade upside
Range-bound trade looks likely to continue for some time, though we see potential for prices to break on the upside after this consolidation phase.
actively associated contained direct discourage draft foreign investment number policy proposals
a number of proposals contained in the draft policy would actively discourage foreign direct investment and the associated financing.
beyond context global grind inclined interest numbers respond suffering weekly
Some (traders) are suffering risk-fatigue and are not inclined to respond to anything much beyond the grind of the weekly U.S. numbers and have little interest in the geopolitical context or the global context of the data.
across among continues enthusiasm founded general interest market strong
This market continues to look very strong ... Enthusiasm among speculators is founded on its constructive fundamentals and general interest across commodities.
actual component contains crude directly gap impact large oil release reserves strategic supply
The release of strategic reserves contains a very large component of unneeded crude oil and does little to directly impact on the actual supply gap of U.S. oil products.
although comfort crude current demand falling given growing high inventory levels oil product stocks unusually
The current high levels of U.S. inventory is of little comfort given that it is the product of an unusually high level of seasonal maintenance. Although crude stocks are rising, product stocks are falling and U.S. oil demand is growing strongly.