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 advances most in almost three weeks as U.S. rate cut awaited

Pubdate:2019-07-30 10:46 Source:liyanping Click:

NEW YORK (Bloomberg) - Oil rose the most in almost three weeks on speculation that demand will get a bump from a potential U.S. Federal Reserve rate cut aimed at spreading economic benefits more broadly.

Futures in New York rose 1.2%, extending last week’s 1% advance. Later this week, the Fed is expected to lower borrowing costs for the first time in more than a decade. Meanwhile, Chinese and U.S. negotiators are set to meet in a bid to resolve a trade war between the world’s top economies. On Wednesday, government data is predicted to show that American crude stockpiles declined for a seventh straight week.

“Markets are holding their breath until Wednesday,” said Phil Streible, senior market strategist at RJO futures. “It will be like the Superbowl of oil. There’s the EIA stockpile numbers that are coming out and the Fed announcement a couple of hours later. If we see a Fed cut and a draw on crude stockpiles, there could be big movement Wednesday on the price of oil.”

Simmering political tensions in the Middle East, which have raised geopolitical risk across the major oil-producing region, are also continuing to support prices. The U.K. has sent one of its Type 45 warships to the Strait of Hormuz, after Iran seized a British tanker, as the U.S. and others seek to build a coalition to protect vessels traversing the crude chokepoint.

Despite the gains, oil is heading for its second monthly loss this year as the long-term outlook for the global economy remains shaky. Hedge funds added to bets on a slump in New York futures at the fastest pace in almost a year, with disappointing manufacturing data out of America and Germany last week bolstering fears of declining demand.

“Demand is soft right now,” said Streible. “The Chinese need to come in and start buying crude oil and we need to see a pickup in demand in the U.S. for the price to rise more.”

West Texas Intermediate for September delivery rose 67 cents to settle at $56.87 a barrel on the New York Mercantile Exchange, the biggest advance since July 10 and its third straight gain. Brent for September settlement climbed 25 cents to $63.71 a barrel on the ICE Futures Europe Exchange. It capped a 1.6% weekly gain on Friday. The global benchmark crude was at a $6.84 premium to WTI.

主站蜘蛛池模板: 久久亚洲精品11p| 国产午夜无码精品免费看动漫| 人妻无码久久一区二区三区免费 | 精品国产三级在线观看| 欧美成人免费午夜影视| 在线jyzzjyzz免费视频| 四虎影视永久地址www成人| 久久久精品免费视频| 被两个体育生双龙9| 无遮挡动漫画在线观看| 国产99久久久国产精品~~牛 | 欧美日韩亚洲国内综合网香蕉| 天海翼视频在线| 国99精品无码一区二区三区| 中文字幕精品视频| www.欧美xxx| 朝鲜女**又多又黑毛片全免播放| 国产精品igao视频| 九一在线完整视频免费观看| 55夜色66夜色国产精品| 男人桶女人爽羞羞漫画| 在线观看高嫁肉柳1一4集中文| 亚洲色偷偷偷综合网| 91丨九色丨蝌蚪3p| 波多野结衣黑人| 国产精品嫩草影院在线播放| 亚洲精品乱码久久久久66| 131美女爱做视频| 日韩高清欧美精品亚洲| 国产专区中文字幕| 一级黄色日b片| 爽爽影院在线免费观看| 国产精品爽爽V在线观看无码| 亚洲高清无在码在线电影不卡| 91精品免费在线观看| 末成年美女黄网站色大片连接| 国产免费内射又粗又爽密桃视频| 久久精品成人一区二区三区| 色综合久久中文字幕无码| 工囗番漫画全彩无遮拦大全| 人人狠狠综合久久亚洲|