热门标签

欧博手机版app下载:Oil prices climb as supply shortage concerns outweigh demand worries

时间:2周前   阅读:2   评论:3

新2手机网址www.99cx.vip)实时更新发布最新最快的新2手机网址、新2手机网址线路、新2手机网址登录网址、新2手机网址管理端、新2手机网址手机版登录网址、新2手机皇冠登录网址。

SINGAPORE: Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand.

Brent crude rose 55 cents, or 0.6%, to $94.67 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude was up 65 cents, or 0.8%, at $89.19 a barrel.

Oil prices have come under pressure this week as the market fretted over the impact of inflation on economic growth and demand, but signs of tight supply kept a floor under prices.

"OPEC's meagre supply hike highlights the limited capacity the market has to handle further shortages," ANZ Research analysts said.

For September, OPEC+ is set to raise its oil output goal by 100,000 barrels per day. The hike is one of the smallest since OPEC quotas were introduced in 1982, OPEC data shows.

The global crude oil markets remained firmly in backwardation, where prompt prices are higher than those in future months, indicating tight supplies.

,

欧博手机版app下载www.aLLbet8.vip)是欧博集团的官方网站。欧博手机版app下载开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

Supply concerns are expected to ratchet up closer to winter with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5.

"With the EU halting seaborne Russian imports, there is a key question of whether Middle Eastern producers will reroute their barrels to Europe to backfill the void," RBC analyst Michael Tran said.

"How this Russian oil sanctions policy shakes out will be one of the most consequential matters to watch for the remainder of the year," Tran added.

For now, signs of an economic slowdown capped price recovery. Recession worries have intensified following the Bank of England's warning of a drawn-out downturn after it raised interest rates by the most since 1995.

"If commodities are not pricing in an imminent economic recession, they might be preparing for a 'stagflation' era when the unemployment rate starts picking up and inflation stays high," CMC Markets analyst Tina Teng said.

Investors are focused on the U.S. employment report to be released later in the day, which is expected to show nonfarm payrolls increased by 250,000 jobs last month, after rising by 372,000 jobs in June.

Any signs of strength in the labour market could feed into fears of aggressive steps by the U.S. Federal Reserve to curb inflation. - Reuters


转载说明:本文转载自Sunbet。

上一篇:Telegram批量拉人:China’s power crisis could reach Himalayan scale

下一篇:新2会员网址:邹族逐鹿文创园区启用 阿里山入口观光新亮点

网友评论

  • 2022-09-15 00:22:42

    While the GDP was lifted to some extent by the low base from the full lockdown in June 2021, the central bank said growth in April and May 2022 was particularly robust.九年义务教育都没你秀~