皇冠博彩app
热门标签

新2代理网址(www.hg108.vip):Oil prices bounce back from Tuesday tumble as supply concerns return

时间:1个月前   阅读:3   评论:1

澳洲幸运5是哪个国家的www.a55555.net)?澳洲幸运5是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

KUALA LUMPUR: Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.

Brent crude futures rose as much as $3.08, or 2.9%, to $105.85 a barrel in early trade after plunging 9.5% on Tuesday, the biggest daily drop since March. It was last up $1.63, or 1.6%, at $104.40 a barrel at 0650 GMT.

U.S. West Texas Intermediate (WTI) crude climbed to a session high of $102.14 a barrel, up $2.64, or 2.7%, after closing below $100 for the first time since late April. It briefly dipped into negative territory amid a stronger U.S. dollar before resuming gains and was last up $1.20, or 1.2%, at $100.70 a barrel.

The dollar strengthened to a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears, sending investors scrambling to the safe-haven currency.

A stronger greenback usually makes oil more expensive in other currencies, which could curb demand.

"Today is sort of a reset. No doubt there is short covering and bargain hunters are coming in," said John Kilduff, partner at Again Capital LLC.

,

新2代理网址www.hg108.vip)实时更新发布最新最快最有效的新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,新2网址大全。

,

"The fundamental story regarding global tightness is still there... The sell-off was definitely overdone," he added.

Meanwhile, Russia's former president Dmitry Medvedev warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil in the market and push prices above $300-$400 a barrel.

On the other hand, the Norwegian government on Tuesday intervened to end a strike in the petroleum sector that had cut oil and gas output, a union leader and the labour ministry said, ending a stalemate that could have worsened Europe's energy crunch.

By Saturday, the strike would have cut daily gas exports by 1,117,000 barrels of oil equivalent (boe), or 56% of daily gas exports, while 341,000 of barrels of oil would have been lost, the Norwegian Oil and Gas (NOG) employers' lobby said.

Worries about a recession, however, have continued to weigh on markets. By some early estimates, the world's largest economy may have shrunk in the three months from April through June. That would be the second straight quarter of contraction, considered the definition of a technical recession.

More G10 central banks raised interest rates in June than in any month for at least two decades, Reuters calculations showed. With inflation at multi-decade highs, the pace of policy-tightening is not expected to let up in the second half of 2022.

"Although crude oil still faces the problem of a supply shortage, key factors that led to the sharp selloff in oil yesterday remain," said Leon Li, a Shanghai-based analyst at CMC Markets. He cited policy tightening by global central banks and a likely interest rate hike by the U.S. Federal Reserve as pressuring commodities prices.

上一篇:皇冠足球app(www.hg108.vip):Iran rejects US claim of plot to kill ex-official Bolton

下一篇:新2正网会员开户(www.hg108.vip):哈士奇从天而降砸伤老人孩子!官方实验高空坠物多可怕

网友评论