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 short-selling surges as global demand outlook deteriorates

Pubdate:2019-06-18 16:52 Source:liyanping Click:

SAN FRANCISCO (Bloomberg) --Oil skeptics are gaining ground fast as the outlook for global demand worsens. Hedge funds boosted their bets that West Texas Intermediate crude will fall by 46%, the most since August, according to U.S. Commodity Futures Trading Commission data for the week ended June 11. The balance between bullish and bearish wagers was the most pessimistic since February.

“Outside the United States it’s unmistakable world growth is slowing down,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis. “The more trade tensions arise, the greater the likelihood that growth is slow, and if Chinese growth slows, it’s not good for oil."

Crude has entered into bear market territory this month, dropping more than 20% from an April peak as tensions escalate between the U.S. and China, the world’s two largest energy consumers.

Meanwhile, U.S. crude storage tanks are at their fullest in almost two years, and the International Energy Agency said global supplies will swamp demand next year, further pressuring OPEC.

Tension in the Middle East gave prices some support, but not enough to prevent futures in New York from closing 2.7% lower for the week, settling at $52.51/bbl on Friday.

“It is a little unusual to see oil prices falling in front of a weekend with these kind of geopolitical risks out there,” O’Grady said. The net-long WTI position—the difference between bets on a price increase and wagers on a decline—fell 29% to 129,416 futures and options contracts, the CFTC said. Long positions fell 12%.

Other Positions

The net-long position on Brent slid by 4% to 292,026 contracts. Longs fell by 1.5%, while shorts jumped 15%.

The net-long position on benchmark U.S. gasoline dropped 9.3%, while the net-bearish position on diesel jumped by 46% to the most pessimistic in almost two years.

主站蜘蛛池模板: 亚洲日韩乱码久久久久久| 国产综合久久久久| 午夜视频在线观看视频| 中文字幕在线观看| 99国内精品久久久久久久| 香蕉视频a级片| 欧美日韩精品一区二区三区高清视频 | 日本黄色一级大片| 国产在线精品国自产拍影院同性| 亚洲av无码一区二区三区在线播放 | 992人人tv| 精品欧美高清不卡在线| 日韩欧美亚洲综合久久| 国产综合久久久久| 亚洲午夜电影在线观看高清| chinese麻豆自制国产| 欧美69vivohd| 国产色综合天天综合网| 亚洲日本在线观看网址| 思99热精品久久只有精品| 波多野结衣伦理片在线观看| 小泽玛利亚番号| 免费一级欧美大片视频在线| bbw巨大丰满xxxx| 看全色黄大色黄大片大学生| 大香网伊人久久综合观看| 亚洲欧美日韩电影| a毛片免费视频| 看一级毛片免费观看视频| 在线观看成人免费| 免费中文字幕不卡视频| 91香蕉短视频| 最近免费高清版电影在线观看| 国产精品社区在线观看| 亚洲精品乱码久久久久久| 爽爽影院在线看| 日本片免费观看一区二区| 午夜久久久久久久| 91在线老王精品免费播放| 最近中文字幕免费版在线3| 国产无遮挡又黄又爽在线视频|