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Telegram群组(www.tg888.vip):Oil price rises nearly 2% on strong economic data but trade choppy

Telegram群组(www.tg888.vip):Oil price rises nearly 2% on strong economic data but trade choppy

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Brent crude futures LCOc1settled US$1.73, or 1.8%, at $96.65 a barrel. U.S. West Texas Intermediate crude CLc1 was at $90.76 a barrel, up $1.75, or 1.97%.

HOUSTON: Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.

Brent crude futures LCOc1settled US$1.73, or 1.8%, at $96.65 a barrel. U.S. West Texas Intermediate crude CLc1 was at $90.76 a barrel, up $1.75, or 1.97%.

Last week, fears that a recession could dent energy demand pushed front-month Brent prices down 13.7% to their lowest since February. It was Brent's biggest weekly drop since April 2020, and WTI lost 9.7%.

Both contracts recouped some losses on Friday after jobs growth in the United States, the world's top oil consumer, unexpectedly accelerated in July.

"Once again the macro influences have seeped back into this market especially as it relates to Friday's employment number the economics of that should be giving us much better gasoline demand than we're seeing," said John Kilduff, partner at Again Capital LLC in New York.

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On Sunday, China also surprised markets with faster-than-expected growth in exports.

China, the world's top crude importer, brought in 8.79 million barrels per day (bpd) of crude in July, up from a four-year low in June, but still 9.5% less than a year earlier, customs data showed. Read full storyRead full story

In Europe, Russian crude and oil products exports continued to flow ahead of an impending embargo from the European Union that will take effect on Dec. 5. Read full storyRead full story

Last week, the Bank of England warned of a protracted recession in Britain.

In terms of U.S. production, energy firms last week cut the number of oil rigs by the most since September in the first drop in 10 weeks. RIG/U

Analysts at Goldman Sachs said they believe the case for higher oil prices remains strong, with the market in a larger deficit than they expected in recent months. - Reuters


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    2022-08-28 00:01:39 

    当地时间3月10日,芬兰国防部长安蒂·凯科宁结束了对美国的三天访问。在此期间,凯科宁和美国国防部长奥斯汀讨论的主题是两国国防、乌克兰和欧洲安全局势之间的关系。凯科宁还前往了飞机制造商洛克希德·马丁公司,并表示芬兰采购的战机正在“按计划进行”。找了好久,心心念念的

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