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 set for fourth weekly gain with high energy prices in focus

Pubdate:2021-09-18 09:22 Source:liyanping Click:

(Bloomberg) --Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices.

West Texas Intermediate, which dipped on Friday, has still climbed about 4% this week. Investors have been tracking strong rallies in other energy commodities, especially natural gas, which has surged by about 45% so far this quarter and spurred the prospect of fuel switching. The U.S. benchmark has also advanced as crude and gasoline stockpiles in the country registered further declines.

But as prices climb there are growing signs governments are growing uneasy with the knock-on effects. U.S. President Joe Biden said Thursday that his administration is looking into high gasoline prices, while China said this week that it will sell oil from its strategic reserve.

Crude markets are backwardated, a bullish pattern that is marked by near-dated prices that are more costly than those further out. Meanwhile products like propane that are used in heating and rally seasonally in the winter are trading at multiyear highs as natural gas prices surge. The oil market should remain tight through year-end, according to Commerzbank AG, despite planned increases by the Organization of Petroleum Exporting Countries and its allies.

Oil has gained this week due to “tighter oil market conditions, as seen in the recent steep drop in U.S. oil inventories, but also spillover from the sharp rise in European energy prices,” said Jens Pedersen, senior analyst at Danske Bank A/S.

With the focus on high energy prices across Europe, the International Energy Agency’s Executive Director Fatih Birol said gas prices could remain high for weeks to come on strong demand. He also said he would be surprised to see oil above $100 a barrel, despite a strong rebound in demand this year.

主站蜘蛛池模板: z0z0z0另类极品| 制服丝袜中文字幕在线| 五月天婷婷精品视频| 青青草原免费在线| 青青操在线免费观看| 日韩大片观看网址| 国产女同疯狂摩擦系列1| 产国语一级特黄aa大片| stars120| 爱情岛论坛亚洲永久入口口| 天堂草原电视剧在线观看免费| 人妖互交videossex| 99re热在线观看| 精品国产免费一区二区三区香蕉| 成年在线网站免费观看无广告 | 再深点灬舒服灬太大了动祝视频| 亚洲а∨精品天堂在线| 麻豆国产一区二区在线观看| 最新亚洲人成无码网www电影| 国产嫩草影院精品免费网址 | 国产主播在线一区| 中文字幕亚洲综合久久综合 | 日韩美女在线观看一区| 国产精品毛片无遮挡| 亚洲二区在线视频| 91精品免费在线观看| 日本一区二区视频| 动漫美女被羞羞动漫小舞| avtt天堂网手机资源| 欧美性猛交xxxx黑人| 国产尤物在线视频| 中日韩欧美视频| 玉蒲团之风雨山庄| 国产精品日日爱| 久久图库99图库| 精品乱码久久久久久中文字幕| 成年女人永久免费观看片| 免费a级毛片在线播放| 69堂在线观看| 日本阿v视频在线观看高清| 四库影院永久在线精品|