Stock market quotes, forex, financial news, forex tools – money-investing.com

Brent drops to $ 70.99

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
Brent drops to $ 70.99
May 15
09:00 2019

On Wednesday, during Asian trading, benchmark crudes showed a slight decrease. Now investors are calculating signals on the stock growth in the United States.

At eight in the morning Moscow time, on the London Stock Exchange, Brent futures for July dropped by 25 cents – to the level of $ 70.99 per barrel. At previous trade they showed a good growth, rising by more than a dollar.

The WTI contracts for June on Nimex have lost 42 cents and now cost $ 61.36. On Tuesday, they showed an increase of 1.2%.

According to the published API data, American oil reserves have increased over the past week by 8.6 million barrels.

Data from the Ministry of Energy will appear on Wednesday evening. According to the forecasts of experts polled by Bloomberg, official figures will tell us about a decrease in stocks by 1.2 million barrels.

In general, data on the stocks in the United States have proved to be a stronger market driver than the concerns about supply difficulties from Arab countries.

On Sunday, there were several reports about attacks on oil tankers belonging to the United Arab Emirates, Saudi Arabia and Norway. On Monday, there was also an attack on a Saudi tanker at a gas station in Fujairah. As a result of the attack, there was a hole in the hull.

Disturbing news came on Tuesday. Saudi Aramco (Saudi Arabia) reported that two of its production rigs had been attacked by unmanned vehicles. Because of this incident, the operation of the oil pipeline serving the movement of fuel from the fields in the eastern part of the country to the port of Yanbu in the west had to be suspended.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment