WTI eases from eight-year high above $100 despite upbeat API, Ukraine fears ahead of OPEC+ verdict By anilpanchal7 Oil WTI RiskAppetite OPEC Ukraine
The black gold earlier cheered hopes of no major relief to WTI traders from global producers despite the ongoing Russia-Ukraine crisis. On the same line were private inventory numbers and macros suggesting further tensions emanating from Moscow.
As per the latest weekly industry stockpile data from the American Petroleum Institute , US crude stocks fell by 6.1 million barrels, versus the previous addition of 5.983 million barrels. Elsewhere, the Organization of the Petroleum Exporting Countries and allies led by Russia, a grouping known as OPEC+, is likely to stick to its existing policy of increasing output by 400K barrels per day each month in April, per Reuters. Thequotes the reason as, “Russia's invasion of Ukraine having not affected OPEC+ deal functioning so far.”
Talking about geopolitics, Russian President Vladimir Putin has already conveyed his wish to continue with the military march in Kyiv until his goal is met. At the latest, the International Monetary Fund and World Bank mentioned, “War in Ukraine creating significant spillover effects in other countries, commodity prices rising, risk driving further fueling inflation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WTI eyes $100 as Ukraine-Russia crisis re-ignite supply concernsWest Texas Intermediate (WTI), futures on NYMEX, is eyeing $100 barricade as the war between Russia and Ukraine intensifies after the Russian leader V
Leer más »
Oil prices surge above $100 a barrel as war on Ukraine ragesOil prices soared Tuesday and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine.
Leer más »
Oil prices surge above $100 a barrel as Russian war on Ukraine ragesOil has been a key concern because Russia is one of the world’s largest energy producers.
Leer más »
Oil tops $100 a barrel as battle for Ukraine rages onU.S. benchmark crude oil prices jumped 10.6% to $105.82 per barrel, reaching the highest price since 2014. Brent crude, the international standard, surged 9% to $106.82.
Leer más »
Stocks fall, oil tops $100 a barrel as Ukraine war ragesNEW YORK (AP) — Oil prices soared and investors on Wall Street shifted more money out of stocks and into ultra-safe U.S. government bonds Tuesday as Russia stepped up its war on Ukraine. Stocks fell as investors tried to measure how the conflict will impact the global economy.
Leer más »
Dow futures fall 500 points, Brent oil tops $100 as Russia, Ukraine tensions roil marketsStock investors face another session of extreme volatility as Russia invades Ukraine.
Leer más »