皇冠体育开户:Oil price up US$5 on weaker US$, tight supplies

皇冠管理端（www.99cx.vip）实时更新发布最新最快最有效的皇冠管理端网址,包括皇冠管理端手机网址,皇冠管理端备用网址,皇冠管理端最新网址,皇冠管理端足球网址,皇冠管理端网址大全。

Brent crude futures for September settlement gained $5.11, or 5.1%, to settle at $106.27 a barrel, after rising 2.1% on Friday. U.S. West Texas Intermediate (WTI) crude futures for August delivery settled up $5.01, or 5.1%, at $102.60 after rising by 1.9% in the previous session.

NEW YORK: Oil prices rose more than US$5 on Monday, boosted by dollar weakness and expectations that the U.S. Federal Reserve won't raise interest rates by a full percentage point at its next meeting to combat inflation.

Brent crude futures for September settlement gained $5.11, or 5.1%, to settle at $106.27 a barrel, after rising 2.1% on Friday.

U.S. West Texas Intermediate (WTI) crude futures for August delivery settled up $5.01, or 5.1%, at $102.60 after rising by 1.9% in the previous session.

On Friday two U.S. Federal Reserve officials indicated the central bank would likely only raise interest rates by 75 basis points at its July 26-27 meeting. Previous reports that the Fed was considering a 100 basis point decision sent markets lower late last week.

The U.S. dollar .DXY retreated from multi-year highs on Monday, supporting commodities prices. A weaker dollar makes dollar-denominated commodities more affordable for holders of other currencies.

"Today’s strong advance resulted largely from a sizable and broad-based weakening in the U.S. dollar that has been providing a key driver behind daily oil price swings during the past several weeks," said Jim Ritterbusch, president of Ritterbusch and Associates LLC in Galena, Illinois.

,

皇冠体育开户（www.hg108.vip）是一个开放皇冠正网即时比分、皇冠体育开户的平台。皇冠体育开户平台（www.hg108.vip）提供最新皇冠登录，皇冠APP下载包含新皇冠体育代理、会员APP，提供皇冠正网代理开户、皇冠正网会员开户业务。

,

Both Brent and WTI last week registered their biggest weekly declines in about a month.

Oil supplies remain tight. As expected, U.S. President Joe Biden's trip to Saudi Arabia did not yield any pledge from the top OPEC producer to boost oil supply.

Biden wants Gulf oil producers to step up output to help to lower oil prices.

Russian gas export monopoly Gazprom declared force majeure on gas supplies to Europe to at least one major customer, according to the letter seen by Reuters, potentially ratcheting up the conflict between Moscow and Europe.

That added support to oil prices, as traders saw it potentially as a precursor to actions by Russia to use energy as a weapon.

"The other clear risk...is that Russia will further slash energy supplies to Europe to try to raise the cost of supporting Ukraine and imposing sanctions," said Helima Croft, head of global commodity strategy at RBC Capital Markets.- Reuters

转载说明:本文转载自Sunbet。