binance left Coinmarketcap net_left adver left
Detail

Oil weakens, focus on OPEC+ response to U.S.-led crude release

By Sonali Paul and Florence Tan MELBOURNE/SINGAPORE (Reuters) -Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude...
Oil weakens, focus on OPEC+ response to U.S.-led crude release © Reuters. FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant

By Sonali Paul and Florence Tan

MELBOURNE/SINGAPORE (Reuters) -Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand.

Brent crude futures slipped 7 cents to $82.18 a barrel at 0726 GMT, after losing 6 cents on Wednesday.

U.S. West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.2%, to $78.20 a barrel, extending an 11-cent loss on Wednesday.

"The release of oil from strategic reserves ramps up competition for control of the oil market amongst the world's biggest producers," ANZ analysts said in a note.

"We don't expect OPEC will stand by idly as the market enters a critical period."

All eyes are now on the Organization of the Petroleum Exporting Countries, Russia and allies, together called OPEC+, who are due to meet next week to discuss oil demand and supply.

"The bold move from the oil importers has opened the door wide open for OPEC+ to adjust its supply policy downwards at its next (meeting on) 2 December 2021," Rystad Energy analyst Louise Dickson said in emailed comments.

The group has been adding 400,000 barrels per day of supply since August unwinding record output cuts made last year when pandemic curbs slammed demand. OPEC+ will meet on Dec. 1-2 to decide whether or not it will raise output by another 400,000 bpd in January.

Three sources told Reuters OPEC+ is not discussing pausing its oil output increases, despite the decision by the United States, Japan, India and others to release emergency oil stocks.

The United Arab Emirates is fully committed to the OPEC+ agreement and has no "prior stance" ahead of next week's meeting, state news agency WAM reported on Thursday.

High oil prices have added to inflationary concerns. A coordinated release from state oil reserves led by the United States could add around 70 million to 80 million barrels of crude supply to markets, analysts at Goldman Sachs (NYSE:GS) said.

However, ANZ said the release of 70 million barrels of oil reserves could push the market into surplus. The bank expects OPEC+ to suspend a scheduled plan to increase supplies in January that could buffer markets from demand headwind and support Brent at $80 a barrel.

The U.S. Department of Energy has launched an auction to sell 32 million barrels of strategic petroleum reserves (SPR) for delivery between late December to April 2022. It plans to release another 18 million barrels soon.

Traders are also looking out for whether China will follow through on plans to release oil from its reserves.

Analysts said U.S. Energy Information Administration data on Wednesday showed gasoline and distillate stockpiles fell more than expected even as crude stocks rose indicating the market needed more crude. [EIA/S]

"But the bigger picture is that product demand remains healthy, adding pressure to a tightening market," Capital Economics economist Kieran Tompkins (NYSE:TMP) said in a note.

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
04-12-2021 05:53:25 (UTC+7)

EUR/USD

1.1316

+0.0017 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

EUR/USD

1.1316

+0.0017 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

GBP/USD

1.3239

-0.0067 (-0.51%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

USD/JPY

112.82

-0.34 (-0.30%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

AUD/USD

0.6998

-0.0095 (-1.34%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (4)

USD/CAD

1.2846

+0.0038 (+0.30%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (4)

EUR/JPY

127.66

-0.19 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

EUR/CHF

1.0385

-0.0012 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

Gold Futures

1,784.15

+21.45 (+1.22%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

Silver Futures

22.562

+0.246 (+1.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Copper Futures

4.2725

-0.0265 (-0.62%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (7)

Crude Oil WTI Futures

66.27

-0.23 (-0.35%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

Brent Oil Futures

69.91

+0.24 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

Natural Gas Futures

4.095

+0.039 (+0.96%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

US Coffee C Futures

242.40

+5.80 (+2.45%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Euro Stoxx 50

4,080.15

-27.87 (-0.68%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

S&P 500

4,538.43

-38.67 (-0.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

DAX

15,169.98

-93.13 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,122.32

-6.89 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Hang Seng

23,766.69

-22.24 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

US Small Cap 2000

2,150.30

-56.04 (-2.54%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (5)

Sell (4)

IBEX 35

8,241.70

-59.10 (-0.71%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

BASF SE NA O.N.

58.240

-0.930 (-1.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Bayer AG NA

44.20

-0.78 (-1.73%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (4)

Allianz SE VNA O.N.

197.02

-0.36 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Adidas AG

247.82

-7.43 (-2.91%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

Sell (2)

Deutsche Lufthansa AG

5.687

+0.062 (+1.10%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (4)

Siemens AG Class N

146.30

-1.41 (-0.95%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

Deutsche Bank AG

10.740

-0.210 (-1.92%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

 EUR/USD1.1316↑ Buy
 GBP/USD1.3239↑ Buy
 USD/JPY112.82Sell
 AUD/USD0.6998↑ Sell
 USD/CAD1.2846Neutral
 EUR/JPY127.66↑ Buy
 EUR/CHF1.0385↑ Buy
 Gold1,784.15↑ Sell
 Silver22.562↑ Buy
 Copper4.2725↑ Sell
 Crude Oil WTI66.27↑ Sell
 Brent Oil69.91↑ Sell
 Natural Gas4.095Sell
 US Coffee C242.40↑ Sell
 Euro Stoxx 504,080.15↑ Buy
 S&P 5004,538.43↑ Buy
 DAX15,169.98↑ Buy
 FTSE 1007,122.32↑ Buy
 Hang Seng23,766.69↑ Buy
 Small Cap 20002,150.30Neutral
 IBEX 358,241.70↑ Buy
 BASF58.240↑ Sell
 Bayer44.20Sell
 Allianz197.02↑ Sell
 Adidas247.82Neutral
 Lufthansa5.687Sell
 Siemens AG146.30↑ Sell
 Deutsche Bank AG10.740↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,020/ 6,070
(0/ 0) # 1,177
SJC HCM6,040/ 6,110
(25/ 25) # 1,182
SJC Hanoi6,040/ 6,112
(25/ 25) # 1,184
SJC Danang6,040/ 6,112
(25/ 25) # 1,184
SJC Nhatrang6,040/ 6,112
(25/ 25) # 1,184
SJC Cantho6,040/ 6,112
(25/ 25) # 1,184
Cập nhật 04-12-2021 05:53:27
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,783.45+14.310.81%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$66.41+2.263.41%
Brent$70.03+1.962.79%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.670,0022.940,00
EUR25.103,6426.487,38
GBP29.523,3630.756,79
JPY195,30206,56
KRW16,7020,34
Cập nhật lúc 17:48:43 04/12/2021
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right