热门标签

UG官网下载(www.ugbet.us):Oil bounces as China, U.S. data ease recession concerns

时间:1个月前   阅读:2

立博博彩公司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。立博博彩公司上最新立博博彩公司登录线路、立博博彩公司代理网址更新最快。立博博彩公司开放皇冠官方会员注册、皇冠官方代理开户等业务。

SINGAPORE: Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns.

Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%.

Both contracts settled higher on Friday after jobs growth in the United States, the world's top oil consumer, unexpectedly accelerated in July. On Sunday, China also surprised markets with faster-than-expected growth in exports.

Signs of weak demand in U.S. inventories last week had encouraged trades based on a weakening outlook, said Stephen Innes, managing director of SPI Asset Management. But the jobs and exports data had somewhat reversed that view, he added.

Front-month Brent prices last week hit the lowest levels since February, tumbling 13.7% and posting their largest weekly drop since April 2020, while WTI lost 9.7%, as concerns about a recession hitting oil demand weighed on prices.

China, the world's top crude importer, imported 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.

,

UG官网下载www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

,

Chinese refiners drew down stocks amid high crude prices and weak domestic margins even as the country's overall exports gained momentum.

Reflecting lower U.S. gasoline demand, and as China's zero-COVID strategy pushes recovery further out, ANZ lowered its oil demand forecasts for 2022 and 2023 by 300,000 bpd and 500,000 bpd, respectively.

Oil demand for 2022 is now estimated to rise by 1.8 million bpd year-on-year and settle at 99.7 million bpd, just short of pre-pandemic highs, the bank said.

Russian crude and oil products exports continued to flow despite an impending embargo from the European Union that will take effect on Dec. 5.

In the United States, energy firms last week cut the number of oil rigs by the most since September. It was the first drop in 10 weeks.

The U.S. clean energy sector received a boost after the Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, among other issues. - Reuters


转载说明:本文转载自Sunbet。

上一篇:欧博手机版:Touch 'n Go launches digital investment platform

下一篇:新2网址大全(www.hg108.vip):Dialog 4Q net profit drops 14% to RM118mil

网友评论