新2会员手机管理端(www.hg108.vip)_Oil price slides 2% on rising US fuel stocks and output

AllbetGaming 2个月前 (07-04) 社会 13 1

新2会员手机管理端www.hg108.vip)实时更新发布最新最快的新2代理线路、新2会员线路、新2备用登录网址、新2会员手机管理端、新2手机版登录网址、新2皇冠登录网址。

,Brent LCOc1 futures for August delivery fell US$1.72, or 1.5%, to settle at $116.26 a barrel. The August contract will expire on Thursday and the more-active September contract was down $1.35 to $112.45.U.S. West Texas Intermediate crude CLc1 for August fell $1.98, or 1.8%, to settle at $109.78. (File pic shows U,S, oil storage at Cushing, Oklahoma)oil cushing oklahoma

NEW YORK: Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.

Brent LCOc1 futures for August delivery fell US$1.72, or 1.5%, to settle at $116.26 a barrel. The August contract will expire on Thursday and the more-active September contract was down $1.35 to $112.45.

U.S. West Texas Intermediate crude CLc1 for August fell $1.98, or 1.8%, to settle at $109.78.

The Energy Information Administration (EIA) said U.S. crude inventories fell last week even as production hit its highest level since April 2020 during the first wave of the coronavirus pandemic. Fuel stocks rose as refiners ramped up activity, operating at 95% of capacity, the highest for this time of year in four years.

"The EIA report put a damper on the market. The rise in gasoline and distillate inventories eases the pressure a bit and the uptick in U.S. production also factored into the price decline," said John Kilduff, partner at Again Capital LLC in New York.

Those surprise inventory gains caused U.S. gasoline RBc1 and distillates HOc1 futures to drop about 3% and 4%, respectively. Traders said crude futures followed the fuel prices lower.

Also putting pressure on oil was a rise in the U.S. dollar .DXY against a basket of other currencies to its highest since hitting a 19-year high in mid June. A stronger dollar makes oil more expensive for buyers using other currencies.

Brent and WTI gained about 7% over the prior three sessions on worries about tight supplies due in part to Western sanctions on Russia.

"Given that almost 1/5 of global oil producing capacity today is under some form of sanctions (Iran, Venezuela, Russia), we believed there is no practical way to keep these barrels out of a market that was already exceptionally tight," JP Morgan said in a research note.

But investors are also concerned that slowing economies could dent energy demand as central banks hike interest rates to battle inflation.

The U.S. Federal Reserve will not let the economy slip into a "higher inflation regime" even if it means raising interest rates to levels that put growth at risk, Fed Chair Jerome Powell said.

Uncertainty in global oil and gas markets could stay for some time to come as spare capacity is very low while demand is still recovering, Shell PLC SHEL.L Chief Executive Officer Ben van Beurden said.

Allbet Gaming声明:该文看法仅代表作者自己,与本平台无关。转载请注明:新2会员手机管理端(www.hg108.vip)_Oil price slides 2% on rising US fuel stocks and output

网友评论

  • (*)

最新评论

  • Mitsubishi 在本次东京改装车展上,虽然推出不少款「改装成车」,不过真正重要的就是全新轻自动车 Super Height K-Wagon Concept 量产版本的推出,而一如笔者所预测的,它就是新世代 eK Space 家族的雏形,因为同集团双生车的关系它也跟Nissan IMk 有着相当程度的关联。不过目前为止这二款车并未正式上市,而是先在改装车展上展出量产规格吸引目光而已。这作者是天才吗

    1

站点信息

  • 文章总数:7606
  • 页面总数:1
  • 分类总数:14
  • 标签总数:1653
  • 评论总数:3287
  • 浏览总数:1101496