皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

allbet欧博真人客户端(www.aLLbet8.vip)_Oil prices climb, but expected U.S. interest rate hike looms

admin2022-06-169

allbet欧博真人客户端www.aLLbet8.vip}是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

SINGAPORE: Oil prices rose on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an expected big hike in interest rates by the U.S. Federal Reserve.

In a volatile session, Brent crude futures for August were up 46 cents, or 0.4%, at $121.63 a barrel as of 0642 GMT after falling to as low as $120.65 earlier in the session on the back of a 0.9% decline on Tuesday.

U.S. West Texas Intermediate crude for July rose 41 cents, or 0.3%, to $119.34 a barrel, after hitting a low of $118.22 earlier in the day, having dropped 1.7% a day earlier.

Surging inflation has led investors and oil traders to brace for a big move by the Fed this week - a 75-basis-point increase, which would be the largest U.S. interest rate hike in 28 years.

"An aggressively hawkish signal from the (U.S.) Fed may increase concerns of a global recession, which may dampen the demands of the energy market," said Leona Liu, *** yst at Singapore-based DailyFX.

"If the Fed announces a 75-basis-points hike tonight, oil prices may be notably weak against the dollar in the short term as a hawkish Fed may push investors flow into safe-haven dollar and hit risk-sensitive assets like oil."

On the demand side, China's latest COVID outbreak, traced to a 24-hour bar in Beijing, has raised fears of a new phase of lockdowns.

The country's economy, however, showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly.

In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) stuck to its forecast that world oil demand will exceed pre-pandemic levels in 2022.

"Overall, the supply/demand situation remains supply-constrained, and I can't see that reality changing until the world economy slows sharply," said Jeffrey Halley, senior market *** yst at OANDA.

Still, offering some support to prices is tight supply, which has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports. - Reuters


转载说明:本文转载自Sunbet。

网友评论