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  4. Oil Extends Gains as Investors Weigh Russian Ban, China Outlook
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Oil Extends Gains as Investors Weigh Russian Ban, China Outlook

(Bloomberg) -- Oil rose for a fourth session as traders weighed Germany’s pledge to ban Russian imports and the outlook for China’s virus lockdowns. West Texas Intermediate futures...
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Oil Extends Gains as Investors Weigh Russian Ban, China Outlook © Reuters Oil Extends Gains as Investors Weigh Russian Ban, China Outlook

(Bloomberg) -- Oil rose for a fourth session as traders weighed Germany’s pledge to ban Russian imports and the outlook for China’s virus lockdowns.

West Texas Intermediate futures climbed above $111 a barrel in early Asian trading after a third weekly gain. Germany plans to stop Russian oil imports by the end of the year even if the European Union fails to agree on co-ordinated action, according to government officials. Shanghai is preparing to reopen shops following weeks of strict Covid-19 restrictions.

The oil market has been gripped by a tumultuous period of trading since late February following Russia’s invasion of Ukraine and China’s virus outbreak. The war has fanned inflation, driving up the cost of everything from food to fuels. US gasoline futures extended gains Monday to a record above $4 a gallon.

EU foreign ministers meet in Brussels on Monday to discuss the next round of Russian sanctions and diplomats have floated the idea of delaying a proposed ban on its oil imports following objections from Hungary. Efforts to seal deals with alternative suppliers are progressing at the chancellery in Berlin, said the officials who spoke on condition of anonymity.

US retail gasoline and diesel prices have already surged to records as Russia’s invasion led to a tightening in the global fuels market. Rising futures tend to trickle through to the pump quickly, signaling more pain for drivers ahead of the start of the summer driving season at the end of this month.

©2022 Bloomberg L.P.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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$2,285.72-47.5-2.04%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
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USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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