Список проголосовавших за комментарий " Morning Commodities: Crude declines to levels just above Thursday's 3-week low on headlines China lowered their FY17 growth target to 6.5%, vs 6.7% last year; gold snaps 4-session downtrend<ul><li><strong>Crude oil declined to levels just above Thursday's 3-week low on headlines China lowered their FY17 growth target to 6.5%, vs 6.7% last year.<br/> </strong><ul><li>April crude oil futures were down about $0.16 (-0.3%) around the $53.49/barrel level</li><li>Factors affecting the price of oil:<ul><li>Crude oil futures for April delivery are oscillating around levels just above last Thursday's 3-week low on headlines earlier this morning that China lowered their FY17 growth target to 6.5%, compared to 6.7% last year.</li><li>This latest news comes on the heels of last week's data out of Russia, which showed that oil output remained unchanged from Jan levels at around 11.1 mln barrels/day.</li><li>Recall that Russia still has about ~100k barrels/day left to cut to be in full compliance with the OPEC/non-OPEC output reduction agreement.</li><li>Lastly, further contributing to the bearish undertone is data from Baker Hughes released Friday afternoon which showed that the number of active rigs drilling for oil rose for the 7th consecutive week by 7, following last week's increase of 6 oil rigs.</li><li><strong>Reminder:</strong> Crude oil has been rang-bound throughout 2017. Crude's peak this year was $55.24/barrel on the first trading day of 2017; its low was $50.71 later in Jan.</li></ul></li><li>Upcoming data reminders:<ul><li>API data will be released tomorrow at 4:30 pm ET.</li><li><strong>EIA petroleum data will be released Wed at 10:30 am ET.</strong></li><li>Baker Hughes rig count data will be released Friday at 1 pm ET.</li></ul></li></ul></li><li><strong>Natural gas surged to a fresh 2-week high on updated cooler weather forecasts</strong><ul><li>April natural gas futures were up about $0.09 (+3.3%) around the $2.92/MMBtu level</li><li>EIA natural gas inventory data will be released Thursday at 10:30 am ET.</li><li>Weather forecast:<ul><li>Weather forecasts for the next 8 to 15 days show that rain, snow, and cooler temps will track across the northern & eastern US, potentially boosting demand for heating.</li></ul></li></ul></li><li><strong>In precious metals, gold snapped out of its 4-session downtrend as the dollar index traded nearly flat in morning pit trading</strong><ul><li>April gold futures were up about $3.70 (+0.3%) around the $1230.20/oz</li><li>May silver futures were up about $0.09 (+0.5%) around the $17.83/oz</li></ul></li><li><strong>The dollar index was nearly flat around the 101.50 level<br/> </strong><ul><li>Commodities, as measured by the Bloomberg Commodity Index, were +0.4% around the 87.54 level</li></ul></li></ul>"