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The Asian trading session has been closed in the green zone for all the oil market players. Such growth has become possible due to statistics, which convincingly proves that the oil volumes in American storage facilities decreased by 1.07 million barrels.

In the course of the first trading session ofthis week, the oil and related assets quotations have adhered to a downtrend.What is the reason for such a dynamic? 

This Friday, the trading session has been marked by the "Gold" commodity asset quotations significant appreciation on the Asian trading platforms. The President Trump’s intention to impose additional duties in the amount of $ 100 billion on the goods from China (in addition to the current $ 50 billion), has inflated the reserve assets quotes immediately.

Contrary to the fact that the latest statistical data from the US prove that the oil demand is growing convincingly, the oil quotations have continued to depreciate in the course of trading on the Asian commodity markets. 

The trading session of Monday has started successfully for the oil traders. Encouraged by the news of a reduction in the number of existing drilling rigs in the US, the oil assets quotations have jumped up. If the trend continues, there is every chance that these assets will be in the green space at the close of trading on the Wall Street.

By the time of the trading session close on Friday at the largest Asian trading platforms, the quotations appreciation of the futures contracts for the West Texas Intermediate (WTI) Crude Oil had been recorded. 

On Wednesday, the trading session on the China's stock market has been unsuccessful for most companies from such sectors of the economy of oil and gas equipment manufacturing, insurance, chemical industry, and telecommunications. T

Today, the commodity market demonstrates a strong appreciation, which is explained by the depreciation of the USD against the six major world currencies. The market participants hope to insure their risks in a market rush that has swept the world's trading platforms because of the possibility of launching a full-scale trade war between the US, China and the EU.

The Friday's trading session in the European commodity market has been started unsuccessfully for traders, being noted with a depreciation in quotations of the natural gas futures. 

Since investors are somewhat skeptical about the prospect of finding out today the timing of another increase in the US Federal Reserve System key rate, the traders’ attention at the NYMEX has been switched to the raw material "Gold". As a result, the prices for this precious metal have been appreciated, while the USD quotations have been significantly depreciated.  

By the closing moment of trading on the Japanese stock market, the main index of Tokyo Stock Exchange, Nikkei 225, had been depreciated by 1.04%. The most significant depreciation has been recorded in the most important sectors of the Japanese economy: automotive and shipbuilding ones. 

During the Friday’s trading session in the Asian oil market, the experts have been convinced that their forecasts correspond to the real state of affairs. Due to the growth in supply in the global market, the oil assets quotations are steadily depreciating. 

The analysis of the results of the trading session on the Asian commodity market has allowed us to identify an upward trend in quotations for the “Gold” commodity asset as well as for the other precious metals.

According to the latest statistics of Baker Hughes Company (maintenance of oil production and refining facilities), the total number of drilling rigs in the USA has been decreased over the past seven days. By Friday, the number of operating drilling rigs had reached the level of 796 (- four oil production and refining facilities).

The increase in production and the growth of oil reserves volumes in the USA exerted a strong pressure on the "black gold" world market. In addition, the decline in demand has a negative impact. These factors have resulted in a powerful blow to the plans of OPEC + 11 to achieve the oil quotations strengthening.

According to the latest statements by high-ranking officials of Gazprom, the Russian company is determined to complete its contracts with Naftogaz. However, for the European consumers there is no risk, since this procedure can take some time, and will not immediately affect the gas supply through Ukraine.

Today, the Asian oil market has been strongly influenced by the latest reports from the US and China. As a result, the quotations have been consistently depreciating, and by the time of closing of the trading platforms of the Asia-Pacific region, the futures contracts price for the benchmark North Sea Brent Crude Oil has reached the mark of $ 66.23 per barrel (-0.60%).

Following the results of trades on the COMEX (Commodity Exchange), a depreciation by 0.17% in the “Gold” asset futures contracts quotations has been noted. The asset price has been depreciated by 2.20 points, reaching the mark of 1.330.50 per troy ounce. 

Following the results of trades on the COMEX (Commodity Exchange), a depreciation by 0.17% in the “Gold” asset futures contracts quotations has been noted. The asset price has been depreciated by 2.20 points, reaching the mark of 1.330.50 per troy ounce. The “Gold” commodity asset is currently traded within the price range from 1.322,90 to 1.354,00 per troy ounce.

This Wednesday, trading on the stock exchanges of the Asia-Pacific region has been marked by the key indicators appreciation. The Taiwan stock index dynamics, which has shown the most significant appreciation since September 2016, should be especially noted. It should not be forgotten that the PRC stock exchanges are still closed due to the New Year celebration according to the Lunar calendar.