热门标签

皇冠现金网开户:Brent crude settles below US$100\/bbl on higher dollar, weak demand outlook

时间:2周前   阅读:4   评论:1

trc20怎么转换erc20www.u2u.it)是最高效的ERC2换TRC20,TRC20换ERC20的平台.ERC2 USDT换TRC20 USDT,TRC20 USDT换ERC20 USDT链上匿名完成,手续费低。

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.

,

皇冠现金网开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠现金网开户的平台。皇冠现金网开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠现金网代理开户、皇冠现金网会员开户业务。

,

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:皇冠信用网开户:James Webb telescope captures stunning images of Jupiter

下一篇:皇冠客服中心

网友评论

  • 2022-09-12 00:12:30

    The Bank of Thailand (BOT), which had been among Asia's least hawkish central banks, finally joined most of its peers in raising rates as consumer inflation hovers near 14-year highs, though it stressed hikes will be gradual.很6的写法