The oil market morning post: U. S. economic data crude oil rose sharply
by:Lisson
2020-11-16
Automobil plastic net news: the New York mercantile exchange (Wednesday
NYMEX)
Crude oil futures rose sharply, even though the U. S. federal reserve (
The Federal Reserve, hereinafter referred to as: the fed
) Basic on when to cut its bond purchases silently, but traders focus on crude oil inventory data and to good U. S. economic data.
the NYMEX September delivery of WTI light, sweet crude futures settled up 1. $95 to 105. $3, or 1. 9%. The contract is up a barrel in July 8. 47
element, or 8. 8%, the biggest monthly jump in nearly a year. The ice futures exchange (
London 冰) September brent crude futures settled up 79 cents, to $107 a barrel. $70, or 0. 7%.
the federal open market committee ( FOMC) Two days of meetings did not produce unexpected results. Policy statement released after the meeting said the fed will continue to purchase monthly total size
$85 billion of mortgage-backed securities and bonds.
to support recovery stimulus by weakening the value of the dollar boosted the price of crude oil, prompted investors to seek higher risk investments such as oil.
before the fed policy statement, crude oil futures prices are higher, mainly by the previous crude inventory figures released by the lift. The U. S. energy information administration ( EIA) , according to the
data published on July 26th week, U. S. crude oil inventories increased total 43. 10000 barrels to 36462. 20000 barrels a day, this is for the first time in five weeks the weekly crude oil inventories have increased, the
market expectations for the week ending 1. 9 million barrels of crude oil inventories in the United States.
however, EIA data also showed that the NYMEX crude oil futures for delivery to - Cushing Oklahoma crude oil inventories fell by 1. 9 million barrels, show that the new railway
and pipelines will continue in Cushing surplus oil supply to the gulf of Mexico oil refining area, alleviate the pressure in Cushing's inventory.
Houston IAFAdvisors analyst Kyle Cooper said: & other; Inventory in crude oil inventories fell further should support the WTI/brent crude oil futures price. ”
in the past month, the U. S. crude oil inventories have accumulated fell 30 million barrels, support the NYMEX oil prices in July, WTI/brent crude oil futures price from this year of about $23 a barrel at the beginning of
narrowed sharply.
the EIA data at the same time, according to a July 26 week U. S. gasoline inventories increased 770000 barrels a day, 22346. 40000 barrels a day; The distillate oil ( Including heating oil and diesel oil) Inventory reduction
less 46. 40000 barrels to 12598. 60000 barrels a day; Refinery capacity utilization rate fell by 1%, to 91. 3%.
on Wednesday morning to boost oil prices factors include more than expected in the second quarter gross domestic product ( GDP) Initial value. The Commerce Department said, at an annual rate us second quarter GDP growth is 1
degrees. And 7% in the first quarter to 1. 1%.
and Automatic Data Processing Inc. Compiled by the us private sector employment in July also supported the oil prices rose more than expected.
NYMEX August RBOB futures settled up 2. 57 cents, to 3 a gallon. $0442, or 0. 9%. NYMEX August heating oil futures settled up 3. 64 cents,
to 3 a gallon. 0431 dollars, or 1. 2%. These two contracts expire after the close.
) Basic on when to cut its bond purchases silently, but traders focus on crude oil inventory data and to good U. S. economic data.
the NYMEX September delivery of WTI light, sweet crude futures settled up 1. $95 to 105. $3, or 1. 9%. The contract is up a barrel in July 8. 47
element, or 8. 8%, the biggest monthly jump in nearly a year. The ice futures exchange (
London 冰) September brent crude futures settled up 79 cents, to $107 a barrel. $70, or 0. 7%.
the federal open market committee ( FOMC) Two days of meetings did not produce unexpected results. Policy statement released after the meeting said the fed will continue to purchase monthly total size
$85 billion of mortgage-backed securities and bonds.
to support recovery stimulus by weakening the value of the dollar boosted the price of crude oil, prompted investors to seek higher risk investments such as oil.
before the fed policy statement, crude oil futures prices are higher, mainly by the previous crude inventory figures released by the lift. The U. S. energy information administration ( EIA) , according to the
data published on July 26th week, U. S. crude oil inventories increased total 43. 10000 barrels to 36462. 20000 barrels a day, this is for the first time in five weeks the weekly crude oil inventories have increased, the
market expectations for the week ending 1. 9 million barrels of crude oil inventories in the United States.
however, EIA data also showed that the NYMEX crude oil futures for delivery to - Cushing Oklahoma crude oil inventories fell by 1. 9 million barrels, show that the new railway
and pipelines will continue in Cushing surplus oil supply to the gulf of Mexico oil refining area, alleviate the pressure in Cushing's inventory.
Houston IAFAdvisors analyst Kyle Cooper said: & other; Inventory in crude oil inventories fell further should support the WTI/brent crude oil futures price. ”
in the past month, the U. S. crude oil inventories have accumulated fell 30 million barrels, support the NYMEX oil prices in July, WTI/brent crude oil futures price from this year of about $23 a barrel at the beginning of
narrowed sharply.
the EIA data at the same time, according to a July 26 week U. S. gasoline inventories increased 770000 barrels a day, 22346. 40000 barrels a day; The distillate oil ( Including heating oil and diesel oil) Inventory reduction
less 46. 40000 barrels to 12598. 60000 barrels a day; Refinery capacity utilization rate fell by 1%, to 91. 3%.
on Wednesday morning to boost oil prices factors include more than expected in the second quarter gross domestic product ( GDP) Initial value. The Commerce Department said, at an annual rate us second quarter GDP growth is 1
degrees. And 7% in the first quarter to 1. 1%.
and Automatic Data Processing Inc. Compiled by the us private sector employment in July also supported the oil prices rose more than expected.
NYMEX August RBOB futures settled up 2. 57 cents, to 3 a gallon. $0442, or 0. 9%. NYMEX August heating oil futures settled up 3. 64 cents,
to 3 a gallon. 0431 dollars, or 1. 2%. These two contracts expire after the close.
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