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

Oil resumes rally as stockpiles ween lower, China eyes tax cuts

Pubdate:2019-01-16 10:10 Source:liyanping Click:

NEW YORK (Bloomberg) -- Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown.

Futures in New York rose 3.2% after sinking during the past two sessions. American stockpiles probably fell for the sixth time in seven weeks, according to a Bloomberg survey of analysts before government data due Wednesday. After trading closed, an industry report offered a more tepid view on demand, with big increases in U.S. gasoline and diesel inventories.

The U.S. Energy Department, meanwhile, forecast continued growth for world oil demand.

Oil resumed its New Year’s advance along with major equity indexes after China said it would cut taxes to counter any slowdown. While prices remain more than 30% below October’s four-year high, they’ve rallied in 2019 on signs of shrinking supplies and indications the global economy can avoid a worst-case scenario.

“The Chinese are throwing everything they can" at their economy, said John Kilduff, founding partner at hedge fund Again Capital LLC. “That’s the big key to oil markets, especially when you have OPEC and Russia starting to rein in production."

West Texas Intermediate for February delivery climbed $1.60 to $52.11/BBL at the close of trading on the New York Mercantile Exchange. Prices dipped slightly to $51.91 after the American Petroleum Institute was said to report gasoline and distillate stockpiles grew by a combined 9.2 Mmbbl last week.

Brent for March settlement gained $1.65 to $60.64 on the London-based ICE Futures Europe exchange, and traded at an $8.25 premium to WTI for the same month.

U.S. crude inventories fell by 560,000 bbl last week, the API was said to report. A separate survey by Bloomberg on Tuesday forecast nationwide stockpiles probably declined by 2.5 MMbbl. If confirmed by government data due on Wednesday, that will keep inventories near the lowest level since early November.

“It was very doom and gloom in December but we had no official data to back that up," said Ashley Petersen, lead oil market analyst at Stratas Advisors in New York. “Now the data that’s coming back is not really that bad. It may be pointing toward a slowdown, but it doesn’t look like a contraction, and those are two very different worlds."

主站蜘蛛池模板: 国产成人无码aa精品一区| 青青青国产精品一区二区| 波多野结衣免费在线| 女人双腿搬开让男人桶| 冠希与阿娇实干13分钟视频| 中文字幕在线免费看| 1024你懂的国产精品| 欧美视频第二页| 国产精品美女一级在线观看| 动漫成年美女黄漫网站国产| 三个人躁我一个| 精品一区二区三区水蜜桃| 富二代国app产下载| 伊人久久大香线蕉综合电影网 | 国产欧美日韩视频免费61794| 亚洲乱码卡一卡二卡三| 欧美另类精品xxxx人妖换性| 旧里番yy6080| 国产乱人伦app精品久久| 主播福利在线观看| 练瑜伽的时候进入| 女人与公拘交酡过程高清视频 | 全彩漫画口工令人垂延三尺| √新版天堂资源在线资源| 爱情岛永久地址www成人| 国内精品久久久久久影院| 亚洲国产精品一区二区久久| 人人澡人人澡人人澡| 日本牲交大片免费观看| 国产**a大片毛片| wwwxxxx黄色| 欧美激情另欧美做真爱| 国产熟女乱子视频正在播放| 久久国产精品久久久久久| 色吊丝最新永久免费观看网站| 尤物永久免费AV无码网站| 人妻人人澡人人添人人爽人人玩| 5g影院5g天天爽永久免费影院| 最近最新最好的2018中文字幕| 国产亚洲欧美在线视频| 《溢出》by沈糯在线阅读|