The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Crude pares losses as smoke clears from equities implosion

Pubdate:2018-02-07 11:13 Source:liyanping Click:

NEW YORK (Bloomberg) -- Oil pared some of its losses as a historic collapse in stock markets began to peter out.

Futures were down 0.4% in New York after earlier falling as much as 1.6%. Blue-chip stocks wiped out about two months of gains on Monday amid heightened anxiety about inflation and borrowing costs, undermining confidence in economic growth that drives energy demand. Trading screens that were bathed in red numbers as the day began showed more green by mid-morning in New York.

“Crude oil wants part of the action,” Bob Yawger, director of futures at Mizuho Securities USA Inc. in New York, said by telephone. “Risk assets have suddenly become in vogue, the exact opposite with an exclamation point of yesterday.”

Oil wasn’t immune from the broad selloff that gutted equity and debt markets on Monday. Even as the Organization of Petroleum Exporting Countries and its partners including Russia work to reduce output, American shale drillers remain a persistent threat. U.S. output jumped above 10 MMbpd in November and inventories stored in American tanks and terminals expanded for the first time in 11 weeks.

West Texas Intermediate for March delivery edged lower by 18 cents to $63.97/bbl at 10:45 a.m. on the New York Mercantile Exchange. Total volume traded was about 56% above the 100-day average.

Brent for April settlement slid 31 cents to $67.31 on the London-based ICE Futures Europe exchange. Earlier, the global benchmark fell below its 50-day moving average for the first time since July. The global benchmark crude traded at a premium of $3.62 to April WTI.

The Dow Jones Industrial Average index was little changed at 10:47 a.m. in New York after dipping more than 2% shortly after trading opened. ExxonMobil Corp. and Chevron Corp. were among the poorest Dow performers during Monday’s crash. In the S&P 500 energy index, Chevron was one of the nine stocks that posted gains on Monday; the other 23 companies all traded lower.

Traders are also focused on the change in crude inventories this week. In the U.S., stored supplies probably increased by 3 MMbpd last week, according to a Bloomberg survey ahead of government data scheduled to be released on Wednesday.

A stockpile estimate from the industry-funded American Petroleum Institute will be released later Tuesday.

                                 

主站蜘蛛池模板: 国产在线高清精品二区色五郎| 麻豆国产96在线|日韩| 东京道一本热中文字幕| 亚洲国产美女福利直播秀一区二区| 久久久噜久噜久久gif动图| JIZZJIZZ亚洲日本少妇| 青青草中文字幕| 欧美精品无需播放器在线观看| 手机国产乱子伦精品视频| 国产精品视频一| 六月丁香婷婷天天在线| 乱人伦人妻中文字幕无码| caoporm在线| 美女视频一区二区| 最新精品国偷自产在线| 欧美黄色一级在线| 被夫上司连续侵犯七天终于| 欧美精品一区二区三区视频| 国产精品美女一区二区视频| 亚洲欧美一区二区三区综合| 一级做a毛片免费视频| 遭绝伦三个老头侵犯波多野结衣| 欧美和拘做受全程看| 在线观看视频中文字幕| 哒哒哒免费视频观看在线www| 乱之荡艳岳目录| 香蕉视频在线免费看| 最近中文字幕在线mv视频在线 | 琪琪色原网站在线观看| 故意短裙公车被强好爽在线播放| 国产无遮挡裸体免费视频| 亚洲妇女水蜜桃av网网站| chinese男子同性视频twink| 污视频网站在线免费看| 天天射天天干天天色| 国产va免费精品观看精品| 久久精品国产清自在天天线| 日韩精品一区二区三区中文精品 | 咪咪色在线视频| jizz之18| 看免费毛片天天看|