Telegram分享群组www.tel8.vip)是一个Telegram群组分享平台。Telegram分享群组包括Telegram分享群组、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram分享群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

SINGAPORE: Oil prices rose on Tuesday, clawing back more of last week's losses as investors focused on tight supplies of crude and fuel products rather than concerns about a recession dampening demand going forward.

Brent crude futures rose 81 cents, or 0.7%, to $114.94 a barrel at 0703 GMT, adding to a 0.9% gain on Monday. The benchmark contract fell 7.3% last week in its first weekly fall in five.

U.S. West Texas Intermediate (WTI) crude futures for July, which expire later on Tuesday, rose to $111.19 a barrel, up $1.63, or 1.5%, from Friday's close. There was no settlement on Monday, which was a U.S. public holiday. WTI dropped 9.2% last week.

The more-active WTI contract for August was up $1.84 at $109.83 a barrel.

"Supply concerns are likely to persist in the coming months as OPEC+ countries, the world's major oil producers, may not have enough spare capacity... The summer travelling season and China easing its COVID-19 restrictions will push demand to grow further," said Leona Liu, *** yst at Singapore-based DailyFX.

"Although recession fears have increasingly become a headwind for oil prices, it is estimated that we still have at least half a year to go before a real recession."

Analysts said that prices have been supported by supply anxiety after sanctions on oil shipments from Russia, the world's second-largest oil exporter, after its invasion of Ukraine and questions over how Russian output might fall due to sanctions on equipment needed for production.

"Supply concerns are unlikely to subside unless there is a resolution to the Russia-Ukraine war, or unless we see a sharp rise in supply from either U.S. or OPEC," said Madhavi Mehta, commodity research *** yst at Kotak Securities.

"However, demand concerns are picking up pace with central banks and major agencies lowering growth forecasts... With growth concerns high, market reaction to economic numbers may intensify in the near term and if there are signs of slowdown, prices may come under pressure."

The push and pull between supply concerns and uncertainty over global growth are likely to play out in the market for some time, *** ysts said.

Weekly U.S. petroleum inventory data will be delayed by a day this week due to the Juneteenth holiday on Monday, with the American Petroleum Institute industry data for the week ending June 17 due on Wednesday and U.S. Energy Information Administration data on Thursday. - Reuters


转载说明:本文转载自Sunbet。 环球UG声明:该文看法仅代表作者自己,与本平台无关。转载请注明:Telegram分享群组(www.tel8.vip)_Oil prices climb on market caution over tight supply
评论关闭

分享到:

新2开户(www.hg108.vip)_Substantial growth forecast for Sedania