皇冠开户
热门标签

正规博彩平台:Brent crude settles below US$100\/bbl on higher dollar, weak demand outlook

时间:1个月前   阅读:2

五湖四海足球吧www.hgbbs.vip)凝集民间高手免费提供各联赛足球资讯、足球推荐、足球贴士等,致力为广大波友提供更全面、更专业的赛前预测分析,让更多球迷随时随地找到自己想要的赛事资讯,以及在本站尽情发言自己的观点。

Brent crude futures LCOc1settled US$7.61, or 7.1% lower, at $99.49 a barrel, its lowest since April 11. U.S. West Texas Intermediate crude CLc1 was down $8.25, or 7.9%, at $95.84, also the lowest in three month.(File pic: Aramco oil production)

HOUSTON{ Global benchmark Brent crude tumbled US$7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown.

The sharp drop followed a month of volatile trading in which investors have sold oil positions on worries that aggressive interest rate hikes to stem inflation will spur an economic downturn that will pull the rug out from oil demand.

Brent crude futures LCOc1settled US$7.61, or 7.1% lower, at $99.49 a barrel, its lowest since April 11. U.S. West Texas Intermediate crude CLc1 was down $8.25, or 7.9%, at $95.84, also the lowest in three month.

"I think it's pretty critical just from a psychological point that we hold at $95 a barrel," said Rebecca Babin, senior energy trader at CIBC Private Wealth US.

Oil prices are facing extreme pressure "as a defensive posture continues with consumer sentiment still in a depressed mode along with a COVID re-surface in China," said Dennis Kissler, senior vice president for trading at BOK Financial.

A record high dollar is triggering more selling liquidation, Kissler added. Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other currencies.

,

正规博彩平台www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。正规博彩平台上最新正规博彩平台登录线路、正规博彩平台代理网址更新最快。正规博彩平台开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

The dollar index =USD, which tracks the currency against a basket of six counterparts, earlier on Tuesday climbed to 108.56, its highest level since October 2002. Investors tend to view the dollar as a safe haven during market volatility.

Investors have been dumping petroleum-related derivatives at one of the fastest rates of the pandemic era as recession fears intensify. Hedge funds and other money managers sold the equivalent of 110 million barrels in the six most important petroleum-related futures and options contracts in the week to July 5.

Close-to-close volatility on Brent and WTI is at its highest level since early April. Lower liquidity typically results in a more volatile market with drastic price swings.

Renewed COVID-19 travel curbs in China weighed on oil prices too, with multiple Chinese cities adopting fresh restrictions, from business shutdowns to broader lockdowns, in an effort to rein in new infections from a highly infectious subvariant of the virus.

U.S. President Joe Biden will make the case for higher oil production from OPEC when he meets Gulf leaders in Saudi Arabia this week, White House national security adviser Jake Sullivan said on Monday.

However, industry insiders, sources and experts have questioned whether, with current output of at least 10.5 million barrels per day, Saudi Arabia really has another 1.5 million bpd up its sleeve that can be brought online quickly and sustained.

上一篇:皇冠官方app:Court allows Rumah Bonda to be reopened

下一篇:澳5开户(www.a55555.net):31 dead in Sudan tribal clashes near Ethiopia border

网友评论