Brent crude oil is trading higher this Tuesday morning with a flurry of supportive fundamental factors in play. Get your market update from WVenketas here:
Closing out the trading day, weekly API data will fall under the spotlight and should recent higher stocks release again, crude oil may be under pressure once more.
The IEA reported that roughly “half of global oil demand will come from China”, fanning the China re-open story and buoying crude oil. The recent tragedy impacting Turkey and Syria has reached as far as the oil market by way of devastating a key export terminal in Turkey. The disruption in supply chain will hold from February 6 – 8 curbing supply to markets.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crude Oil Futures: Extra decline still favouredCME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for yet another session on Friday, this tim
Leer más »
Crude Oil Futures: Extra rebound in the pipelineCME Group’s flash data for crude oil futures markets noted traders added around 28.3K contracts to their open interest positions on Monday, extending
Leer más »
Breakingviews - BP strategy is still caught between two stoolsBP is trying to stop the rot. The $108 billion UK oil group’s bumper 2022 results on Tuesday recorded a stellar 30.5% return on average capital employed. Yet Chief Executive Bernard Looney presides over a company that trades on less than 3 times forecast 2023 EBITDA and has underperformed its big oil major rivals since he was unveiled as boss in February 2020. His solution is to do what higher-valued U.S. oil groups like Exxon Mobil do: pump more oil.
Leer más »
WTI stays firm at around $74.00 despite a strong US DollarUS crude oil benchmark known as Western Texas Intermediate (WTI) records minimal gains after diving toward an eight-week low at $72.30 per barrel on M
Leer más »
Oil futures get lift on China demand hopesOil futures rise Tuesday, finding support as hopes for a revival in Chinese crude demand continue to run strong.
Leer más »