net_left adver left
Detail

Oil Hovers Near 6-Mth Lows as China Woes, Saudi Supply Glut Weigh

By Ambar Warrick AiVIF.com-- Oil prices recovered some ground in Asian trade on Tuesday, but hovered around six-month lows on concerns over waning Chinese demand and a Saudi...
Oil Hovers Near 6-Mth Lows as China Woes, Saudi Supply Glut Weigh © Reuters.

By Ambar Warrick

AiVIF.com-- Oil prices recovered some ground in Asian trade on Tuesday, but hovered around six-month lows on concerns over waning Chinese demand and a Saudi Arabian supply glut.

Brent oil futures rose 0.6% by 20:19 ET (00:19 GMT) to $93.97 a barrel, while crude oil WTI futures sank 1.1% to $88.39 a barrel. Both contracts plummeted between 3.5% to 5% on Monday, touching their lowest levels since early-Feb. 

Weaker-than-expected Chinese industrial production data was the main trigger behind oil’s recent losses, given that it points to sluggish demand in the world’s largest crude importer. 

The reading on Monday is a result of a series of COVID-19 lockdowns in the country, which had ground economic activity to a halt earlier this year.

China’s central bank also cut lending rates on Monday, as it looks to shore up growth in the face of more COVID lockdowns. The country had last week imposed a lockdown in commodities hub Yiwu and surrounding areas.

On the supply front, Saudi Aramco- the world’s largest crude producer- said it could potentially increase output, despite a decline in demand this year.

Aramco (TADAWUL:2222) said it stood ready to increase output up to 12 million barrels per day, despite the Organization of Petroleum Exporting Countries (OPEC), which Saudi Arabia heads, signaling earlier this month that no supply hikes were planned. 

OPEC had also lowered its outlook on oil demand for the year.

Focus was also on negotiations between Western powers and Iran over reviving a 2015 nuclear deal, which could relax certain sanctions on Iranian oil and further increase crude supply.

The country is set to respond to the European Union’s “final” draft of the deal later today.

Oil prices saw massive swings this year, initially hitting over a decade’s high on supply shocks from the Russia-Ukraine conflict. But forecasts of slowing economic growth across the globe have since erased those gains.

But a potential energy crunch in Europe and a pickup in industrial activity in the second half of the year could help underpin crude.

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
29-09-2022 05:10:43 (UTC+7)

EUR/USD

0.9730

-0.0004 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

EUR/USD

0.9730

-0.0004 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.0872

-0.0016 (-0.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/JPY

144.18

+0.01 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

AUD/USD

0.6517

-0.0005 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

USD/CAD

1.3611

+0.0006 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

EUR/JPY

140.28

-0.05 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

EUR/CHF

0.9497

-0.0004 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

Gold Futures

1,667.60

-1.10 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Silver Futures

18.890

-0.020 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (8)

Copper Futures

3.3835

+0.0020 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (1)

Crude Oil WTI Futures

81.88

+0.03 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

87.98

+3.11 (+3.66%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

7.017

-0.010 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

US Coffee C Futures

227.80

+3.45 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Euro Stoxx 50

3,335.30

+6.65 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (5)

S&P 500

3,719.04

+71.75 (+1.97%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

12,183.28

+43.60 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (4)

FTSE 100

7,005.39

+20.80 (+0.30%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (6)

Hang Seng

17,250.88

-609.43 (-3.41%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

US Small Cap 2000

1,725.13

+62.62 (+3.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

IBEX 35

7,442.20

-3.50 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (5)

BASF SE NA O.N.

39.415

-0.080 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

48.19

-0.07 (-0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

Allianz SE VNA O.N.

160.72

-3.02 (-1.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

130.24

+2.94 (+2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Deutsche Lufthansa AG

5.772

-0.024 (-0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

99.46

+1.54 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

7.854

-0.274 (-3.37%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

 EUR/USD0.9730↑ Sell
 GBP/USD1.0872↑ Sell
 USD/JPY144.18↑ Buy
 AUD/USD0.6517↑ Sell
 USD/CAD1.3611↑ Buy
 EUR/JPY140.28↑ Sell
 EUR/CHF0.9497Neutral
 Gold1,667.60↑ Sell
 Silver18.890↑ Sell
 Copper3.3835Neutral
 Crude Oil WTI81.88↑ Sell
 Brent Oil87.98↑ Buy
 Natural Gas7.017↑ Sell
 US Coffee C227.80↑ Sell
 Euro Stoxx 503,335.30Neutral
 S&P 5003,719.04↑ Sell
 DAX12,183.28Neutral
 FTSE 1007,005.39Neutral
 Hang Seng17,250.88Buy
 Small Cap 20001,725.13↑ Buy
 IBEX 357,442.20Neutral
 BASF39.415↑ Buy
 Bayer48.19Neutral
 Allianz160.72↑ Buy
 Adidas130.24↑ Buy
 Lufthansa5.772↑ Buy
 Siemens AG99.46↑ Buy
 Deutsche Bank AG7.854↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,410/ 6,510
(0/ 0) # 1,818
SJC HCM6,420/ 6,520
(0/ 0) # 1,831
SJC Hanoi6,420/ 6,522
(0/ 0) # 1,833
SJC Danang6,420/ 6,522
(0/ 0) # 1,833
SJC Nhatrang6,420/ 6,522
(0/ 0) # 1,833
SJC Cantho6,420/ 6,522
(0/ 0) # 1,833
Cập nhật 29-09-2022 05:10:45
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,659.90+30.791.89%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
DO 0,001S-V24.51025.000
Dầu hỏa 2-K22.44022.880
ↂ Giá dầu thô thế giới
WTI$80.94-1.35-1.67%
Brent$88.24-1.29-1.46%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.580,0023.890,00
EUR22.159,1623.399,49
GBP24.732,3625.786,46
JPY159,76169,13
KRW14,2317,34
Cập nhật lúc 17:55:10 28/09/2022
Xem bảng tỷ giá hối đoái
adver main right