热门标签

皇冠登录线路:Oil steadies as China COVID fears face tight supply concerns

时间:1个月前   阅读:14   评论:1

皇冠登录线路www.hg108.vip)实时更新发布最新最快的皇冠手机网址、皇冠手机网址线路、皇冠手机网址登录网址、皇冠手机网址管理端、皇冠手机网址手机版登录网址、新2手机皇冠登录网址。

Brent futures for September delivery gained 8 cents, or 0.1%, to settle at US$107.10 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 fell 70 cents, or 0.7%, to settle at $104.09. With the U.S. Federal Reserve expected to keep raising interest rates, open interest in New York Mercantile Exchange (NYMEX) futures fell on July 7 to its lowest since October 2015 as investors cut back on risky assets.

NEW YORK: Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply.

Brent futures for September delivery gained 8 cents, or 0.1%, to settle at US$107.10 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 fell 70 cents, or 0.7%, to settle at $104.09.

With the U.S. Federal Reserve expected to keep raising interest rates, open interest in New York Mercantile Exchange (NYMEX) futures fell on July 7 to its lowest since October 2015 as investors cut back on risky assets.

Last week, oil speculators cut their net long futures and options positions on the NYMEX and Intercontinental Exchanges to their lowest since April 2020.

"The oil market is being pulled in two directions with exceedingly tight physical fundamentals set against forward-looking demand concerns and signs of price-induced demand destruction," analysts at EBW Analytics said in a note.

The market was rattled earlier in the session by news that China had discovered its first case of a highly transmissible Omicron subvariant in Shanghai that could lead to another round of mass testing, which would hurt fuel demand.

,

Usdt第三方支付接口www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

,

"The combined impact of concerns of global economic slowdown and a renewed COVID outbreak could hardly come at a worse time for oil markets," Investec Risk Solutions said in a note.

Also putting pressure on oil was a rise in the U.S. dollar .DXY against a basket of other currencies to its highest since October 2002. A stronger dollar reduces demand for oil by making the fuel more expensive for buyers using other currencies.

Euro zone finance ministers said the fight against inflation was the current priority despite dwindling growth in the bloc, as they were informed of a deteriorating economic outlook by the European Commission. Read full story

The market remains jittery about plans by Western nations to cap Russian oil prices, with Russian President Vladimir Putin warning that further sanctions could lead to "catastrophic" consequences in the global energy market.

JP Morgan said the market was caught between concern over a potential halt to Russian supplies and a possible recession.

"Macro risks are becoming more two-sided. A 3 million barrel (bbl) per day retaliatory reduction in Russian oil exports is a credible threat and if realized will drive Brent crude oil prices to roughly $190/bbl," the bank said in a note.

上一篇:中国女足/二档种子队参加世杯抽签

下一篇:电报群组:Nhận định bóng đá Barcelona vs Bayern Munich: Cưỡi hùm rời khỏi Champions League

网友评论

  • 2022-10-31 00:08:14

    Swaps referencing the Fed’s September meeting swung back toward a half-point rate increase after earlier pricing in a larger move.还是觉得可以进步