net_left adver left
Detail

Crude Oil Edges Higher; Oil Majors to Meet With Biden Administration

By Peter Nurse AiVIF.com -- Oil prices stabilized Thursday, edging higher after the previous session's weakness with traders focusing on a meeting of major U.S. oil refiners...
Crude Oil Edges Higher; Oil Majors to Meet With Biden Administration © Reuters.

By Peter Nurse

AiVIF.com -- Oil prices stabilized Thursday, edging higher after the previous session's weakness with traders focusing on a meeting of major U.S. oil refiners with the Biden administration to discuss methods to bring down fuel costs.

By 09:20 AM ET (1320 GMT), U.S. crude futures traded 0.4% higher at $106.58 a barrel, while the Brent contract rose 0.6% to $112.36 a barrel. Both benchmarks plunged 3% on Wednesday and are near their lowest levels since mid-May.

U.S. Gasoline RBOB Futures were up 0.7% at $3.8626 a gallon.

The crude market weakened sharply on Wednesday following comments from U.S. Federal Reserve chief Jerome Powell that although the central bank was not trying to engineer a recession to stop inflation, such a slowdown remained a possibility.

“A slowdown in global growth is a risk to oil demand, which could help ease some of the tightness in the market,” said analysts at ING, in a note. “Already, we have seen demand estimates revised lower over the course of the year. While this may help to ease some of the tightness in the short to medium term, it does little to solve the longer-term supply shortfalls.”

It’s this supply tightness that the U.S. oil refiners will likely discuss with U.S. Energy Secretary Jennifer Granholm in an emergency meeting later Thursday as record-high fuel prices threaten to become a live political issue ahead of the midterm elections.

Refiners cut capacity during the COVID-19 crisis shutdowns and have been slow to restart plants, something which has annoyed the White House with the oil majors reporting bumper profits as the prices have soared.

However, these refiners say investing in reopening plants carries significant financial risks, and they are wary of the Biden administration’s green agenda.

Meanwhile, Russia’s war in Ukraine, which has upended oil flows, approaches its fifth month. China and India may be taking advantage of discounted prices to buy more Russian oil than before most of the West banned Moscow’s crude, but this is only having a limited impact on global supply.

The weekly U.S. petroleum inventory data from the American Petroleum Institute, released Wednesday, a day later than usual following Monday’s holiday, showed a surprise build of 5.6 million barrels last week.

Traders will have to wait for the official inventory data from the U.S. Energy Information Administration for confirmation, as this will be delayed due to technical problems, but a similar number would mean the largest crude build since early May. 

It’s not only the crude market where Russia’s invasion of Ukraine has disrupted the usual flow. A dozen European Union countries have now been affected by cuts to gas supply from Russia, EU climate policy chief Frans Timmermans said earlier Thursday.

This has resulted in Germany, the largest Eurozone economy, moving a step closer to rationing natural gas supply by activating the second stage of a three-part plan to ensure security of supplies.

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-06-2022 21:55:46 (UTC+7)

EUR/USD

1.0597

+0.0043 (+0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0597

+0.0043 (+0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2297

+0.0034 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (3)

USD/JPY

135.21

+0.04 (+0.03%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.6938

-0.0010 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.2880

-0.0013 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

143.27

+0.62 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

1.0141

+0.0032 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,826.50

-3.80 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

21.360

+0.201 (+0.95%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (2)

Copper Futures

3.7755

+0.0310 (+0.83%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

Crude Oil WTI Futures

109.04

+1.42 (+1.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Brent Oil Futures

110.53

+1.43 (+1.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Natural Gas Futures

6.271

-0.010 (-0.16%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

US Coffee C Futures

221.03

-2.22 (-0.99%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

Euro Stoxx 50

3,544.35

+11.18 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

S&P 500

3,918.30

+6.56 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

DAX

13,193.24

+75.11 (+0.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,273.15

+64.34 (+0.89%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

Hang Seng

22,229.52

+510.46 (+2.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,775.10

+12.64 (+0.72%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,252.66

+8.56 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

BASF SE NA O.N.

42.800

+0.585 (+1.39%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

59.51

+1.72 (+2.98%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Allianz SE VNA O.N.

181.33

+0.13 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

171.92

+1.56 (+0.92%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Deutsche Lufthansa AG

5.972

+0.006 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Siemens AG Class N

103.99

+1.37 (+1.34%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Deutsche Bank AG

8.874

-0.045 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

 EUR/USD1.0597↑ Buy
 GBP/USD1.2297↑ Buy
 USD/JPY135.21Neutral
 AUD/USD0.6938↑ Buy
 USD/CAD1.2880↑ Sell
 EUR/JPY143.27↑ Buy
 EUR/CHF1.0141↑ Buy
 Gold1,826.50↑ Sell
 Silver21.360Neutral
 Copper3.7755Neutral
 Crude Oil WTI109.04↑ Buy
 Brent Oil110.53↑ Buy
 Natural Gas6.271Sell
 US Coffee C221.03↑ Buy
 Euro Stoxx 503,544.35↑ Buy
 S&P 5003,918.30↑ Buy
 DAX13,193.24↑ Buy
 FTSE 1007,273.15↑ Buy
 Hang Seng22,229.52↑ Sell
 Small Cap 20001,775.10↑ Buy
 IBEX 358,252.66↑ Buy
 BASF42.800↑ Buy
 Bayer59.51↑ Buy
 Allianz181.33↑ Buy
 Adidas171.92Buy
 Lufthansa5.972↑ Sell
 Siemens AG103.99↑ Buy
 Deutsche Bank AG8.874↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,775/ 6,845
(15/ 5) # 1,667
SJC HCM6,790/ 6,860
(5/ -5) # 1,683
SJC Hanoi6,790/ 6,862
(5/ -5) # 1,685
SJC Danang6,790/ 6,862
(5/ -5) # 1,685
SJC Nhatrang6,790/ 6,862
(5/ -5) # 1,685
SJC Cantho6,790/ 6,862
(5/ -5) # 1,685
Cập nhật 27-06-2022 21:56:39
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,825.65-5.31-0.29%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$107.92-2.49-2.36%
Brent$110.49-2.44-2.26%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.932,6125.273,13
GBP27.815,2929.001,83
JPY167,64177,48
KRW15,5718,97
Cập nhật lúc 18:53:21 27/06/2022
Xem bảng tỷ giá hối đoái
adver main right