• Latest
  • Trending
Oil Prices Plunge Amid Virus Concerns;  U.S. stock market draw, Chinese data verifies losses

Oil Prices Plunge Amid Virus Concerns; U.S. stock market draw, Chinese data verifies losses

14.01.2021
UPDATE Eurozone 2 bonds calm down as markets focus on Powell – Yahoo Finance

Visit Celebrity Homes: Kelly Clarkson, Tom Cruise, John Legend, Jennifer Lawrence and more – Yahoo Finance

14.04.2021
Global stocks hit all-time high as bond yields subside amid inflation fears – Reuters

Global stocks hit all-time high as bond yields subside amid inflation fears – Reuters

14.04.2021

Houlihan Lokey continues its sector expansion in Europe by recruiting an experienced team in the oil and gas sector – Business Wire

14.04.2021
Apple TV + documentary series to explore high-tech music production with Mark Ronson – Engadget

Apple TV + documentary series to explore high-tech music production with Mark Ronson – Engadget

14.04.2021
2022 Audi Q4 E-Tron and Sportback debut today: Watch the live stream

2022 Audi Q4 E-Tron and Sportback debut today: Watch the live stream

14.04.2021
New Faces: Basketball Fan Dreams of Becoming Corporate Lawyer for Nike ‹Pepperdine Graphic – Graphic

New Faces: Basketball Fan Dreams of Becoming Corporate Lawyer for Nike ‹Pepperdine Graphic – Graphic

14.04.2021
MAFS reunion dinner grows in chaos as yet another cheating scandal revealed

MAFS reunion dinner grows in chaos as yet another cheating scandal revealed

14.04.2021
UPDATE Eurozone 2 bonds calm down as markets focus on Powell – Yahoo Finance

UK COVID-19 vaccine replacement trial adds Moderna and Novavax injections – Yahoo Finance

14.04.2021
CEE MARKETS-FX virtually unchanged, Budapest stocks outperform – Reuters

EMERGING MARKETS – Singapore dollar gains after Cenbank locks on fire, Indonesian bond yields rise – Reuters

14.04.2021
Austin still in contention for $ 17 billion Samsung chip manufacturing facility – KVUE.com

Austin still in contention for $ 17 billion Samsung chip manufacturing facility – KVUE.com

14.04.2021
Six people rescued, others missing after capsized boat off Louisiana coast

Six people rescued, others missing after capsized boat off Louisiana coast

14.04.2021
Shop Apotheke Europe (ETR: SAE) has a somewhat strained balance sheet – Simply Wall St

Shop Apotheke Europe (ETR: SAE) has a somewhat strained balance sheet – Simply Wall St

14.04.2021
Wednesday, April 14, 2021
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel
OLTNEWS
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel
OLTNEWS
No Result
View All Result

Home » Economics » Oil Prices Plunge Amid Virus Concerns; U.S. stock market draw, Chinese data verifies losses

Oil Prices Plunge Amid Virus Concerns; U.S. stock market draw, Chinese data verifies losses

3 months ago
in Economics
0
0
SHARES
Share on WhatsappShare on Facebook

Related posts

Houlihan Lokey continues its sector expansion in Europe by recruiting an experienced team in the oil and gas sector – Business Wire

14.04.2021
CEE MARKETS-FX virtually unchanged, Budapest stocks outperform – Reuters

EMERGING MARKETS – Singapore dollar gains after Cenbank locks on fire, Indonesian bond yields rise – Reuters

14.04.2021

SINGAPORE (Reuters) – Oil prices fell for a second day on Thursday, as surging coronavirus cases around the world raised concerns about demand, although U.S. crude inventories fell for a fifth week back-to-back and robust data from China capped losses.

FILE PHOTO: General view of the Phillips 66 oil tanks and Bayway refinery in Linden, New Jersey, US March 30, 2020. REUTERS / Mike Segar

Brent crude oil futures fell 18 cents, or 0.3%, to $ 55.88 a barrel at 4:25 a.m. GMT, while US West Texas Intermediate (WTI) slipped 11 cents, or 0.2%, at $ 52.80 a barrel.

“The scorching rally in the oil market has likely come to a halt as the stronger dollar and the overhang of the ubiquitous gasoline supply offset the evaporation of US crude inventories,” said Stephen Innes, chief market strategist. worldwide at Axi.

Last week, U.S. crude oil inventories fell more than expected, while gasoline and distillate inventories rose as refiners increased production to their highest level since August, Energy said on Wednesday. Information Administration.

China, the world’s second-largest oil consumer, reported its largest daily increase in new COVID-19 cases in more than 10 months, with infections in northeastern Heilongjiang province nearly tripling, highlighting the growing threat as a major national holiday approaches.

Governments across Europe on Wednesday announced tighter and longer lockdowns against coronaviruses due to a rapidly spreading variant of COVID first detected in Britain and vaccinations are unlikely to help much before two to three months.

Oil producers face an unprecedented challenge of balancing supply and demand, as factors such as the pace and response to COVID-19 vaccines cloud the outlook, an official from the International Agency for Human Rights has said. energy (AIE).

China’s total crude oil imports jumped 7.3% in 2020 despite the coronavirus shock earlier in the year, with record arrivals in the second and third quarters as refineries expand and prices low encouraged stocks, customs data showed Thursday.

A major COVID-19 relief package, which US President-elect Joe Biden is due to unveil on Thursday, has also helped control losses.

“Data on China continues to outperform and a monstrous US stimulus package appears to be underway,” said Jeffrey Halley, senior market analyst at OANDA.

“Both should ensure that many physical buyers will appear when prices drop, thus limiting losses.

Reporting by Jessica Jaganathan; edited by Richard Pullin

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...

Related

Previous Post

Free 4K live TV: NextGen TV expands to major cities at CES 2021 – CNET

Next Post

James Harden Trade Winners and Losers: Attack on the Nets Could Be Unstoppable; Rockets start fresh with massive transport – CBS Sports

Related Posts

Economics

Houlihan Lokey continues its sector expansion in Europe by recruiting an experienced team in the oil and gas sector – Business Wire

14.04.2021
0

LONDON--(BUSINESS WIRE) - Houlihan Lokey (NYSE: HLI), the global investment bank, today announced the launch of its coverage of the...

Read more
CEE MARKETS-FX virtually unchanged, Budapest stocks outperform – Reuters

EMERGING MARKETS – Singapore dollar gains after Cenbank locks on fire, Indonesian bond yields rise – Reuters

14.04.2021
Shop Apotheke Europe (ETR: SAE) has a somewhat strained balance sheet – Simply Wall St

Shop Apotheke Europe (ETR: SAE) has a somewhat strained balance sheet – Simply Wall St

14.04.2021

Biden chooses veteran oil drilling regulator for interior role – Bloomberg

14.04.2021

Yes AT1 Bank Obligations Case: Does the Sebi order oppose the market regulator to the RBI? – Moneycontrol.com

14.04.2021

Before the bell: more US records while European markets sleepy – City am

14.04.2021
Load More
Next Post
James Harden Trade Winners and Losers: Attack on the Nets Could Be Unstoppable;  Rockets start fresh with massive transport – CBS Sports

James Harden Trade Winners and Losers: Attack on the Nets Could Be Unstoppable; Rockets start fresh with massive transport - CBS Sports

Recent Posts

  • Visit Celebrity Homes: Kelly Clarkson, Tom Cruise, John Legend, Jennifer Lawrence and more – Yahoo Finance
  • Global stocks hit all-time high as bond yields subside amid inflation fears – Reuters
  • Houlihan Lokey continues its sector expansion in Europe by recruiting an experienced team in the oil and gas sector – Business Wire
  • Apple TV + documentary series to explore high-tech music production with Mark Ronson – Engadget
  • 2022 Audi Q4 E-Tron and Sportback debut today: Watch the live stream

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • EN

© 2020

No Result
View All Result
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel

© 2020

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: