皇冠足球网
热门标签

足球博彩平台:Oil prices drift sideways ahead of potential large U.S. rate hike

时间:7天前   阅读:5   评论:6

新2查账网址www.hg108.vip)提供新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,皇冠新2网址,新2管理网址,新2网址大全,hg0088.com,hga038.com,同时开放新2信用平台查账功能.

SINGAPORE: Oil prices were little changed on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that would stem inflation and curb crude demand.

Brent crude futures for September edged up 5 cents to $99.62 a barrel by 0620 GMT after settling below $100 for the second straight session on Wednesday.

U.S. West Texas Intermediate crude for August delivery was at $96.23 a barrel, down 7 cents after rising 46 cents in the previous session.

Oil prices have tumbled in the past two weeks on recession concerns despite a drop in crude and refined products exports from Russia amid Western sanctions and supply disruption in Libya.

"It is all sentiment driven at the moment and that has caused most of the losses seen in oil markets over the last few weeks," said Howie Lee, an economist at Singapore's OCBC bank.

"I don't see any significant changes in oil supply fundamentals and that is probably why we still see Brent holding around the $100 level."

The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis points rate hike this month after a grim inflation report showed price pressures accelerating.

The Fed rate hike is expected to follow a similar surprise move by the Bank of Canada on Wednesday.

,

足球博彩平台www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩平台上登录线路最新、新2皇冠网址更新最快,足球博彩平台开放皇冠会员注册、皇冠代理开户等业务。

,

Investors also flocked to the dollar, often seen as a safe haven asset. The dollar index hit a 20-year high on Wednesday, which makes oil purchases more expensive for non-U.S. buyers.

Worries of COVID-19 curbs in multiple Chinese cities to rein in new cases of a highly infectious subvariant have also kept a lid on oil prices.

China's daily crude oil imports in June sank to their lowest since July 2018, as refiners anticipated lockdown measures to curb demand, customs data showed on Wednesday.

U.S. President Joe Biden will on Friday fly to Saudi Arabia, where he will attend a summit of Gulf allies and call for those allies to pump more oil.

However, spare capacity at the Organization of the Petroleum Exporting Countries is running low with most of the producers pumping at maximum capacity and doubt exists as to how much extra Saudi Arabia can bring into the market quickly.

Data from the U.S. Energy Information Administration also point to slackening demand with product supplied slumping to 18.7 million barrels per day, its lowest since June 2021. Crude inventories rose, bolstered by another big release from strategic reserves.

"We had always expected demand to struggle in the wake of sky-high product prices," said Caroline Bain, chief commodities economist at Capital Economics in a note.

"But the size of the weekly drop suggests that it may be a one-off and may, at least partially, reverse in the coming weeks," Bain added. - Reuters


转载说明:本文转载自Sunbet。

上一篇:澳5(www.a55555.net):Sarawak Bersatu facing political oblivion, say analysts

下一篇:幸运哈希源码(www.hx198.vip)

网友评论

  • 2022-07-21 03:00:25

      从单站单设备角度,持续提升设备能效和可再生能源使用效率,围绕全室外,高集成和新材料展开技术创新;再努力一点点

  • 2022-10-30 00:14:20

    game tài xỉu tiền ảo(www.vng.app):game tài xỉu tiền ảo(www.vng.app) cổng Chơi tài xỉu uy tín nhất việt nam。game tài xỉu tiền ảo(www.vng.app)game tài Xỉu đánh bạc online công bằng nhất,game tài xỉu tiền ảo(www.vng.app)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.
    很写实