News Formal

Oil edges up on weaker dollar, low U.S. diesel stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker U.S. dollar and as diesel inventories fell, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production.

Brent crude futures rose 29 cents, or 0.3%, to $94.86 per barrel by 0242 GMT, while U.S. West Texas Intermediate crude futures were up 31 cents, or 0.35%, at $89.42 per barrel.

Both contracts however were down for the week by about 3% after two prior weeks of gains amid recession concerns."The softened U.S. dollar and the strong rebound in risk assets lifted oil prices, the rebounding momentum may continue into today's Asian session," said Tina Teng, an analyst at CMC Markets, as a weaker dollar usually makes dollar-denominated commodities like oil cheaper for holders of other currencies.

"OPEC+'s output cut will keep supporting crude prices, along with a possible recovery in China's demand in the fourth quarter if Beijing loosens up COVID curbs," Teng added. China, the world's largest crude oil importer, has been fighting a COVID rebound after its week-long National Day holiday earlier this month and just ahead of a key Communist Party Congress where

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

You should store your cash in a dry place not around flammable materials

Open up OUR pipeline and start up ALL OUR oil drills again !!!

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Asian Stock Market: Traces S&P500 losses ahead of US CPI, oil drops on gloomy outlookMarkets in the Asian domain are following the footprints of the S&P500 as escalating anxiety ahead of the US Consumer Price Index (CPI) release has fo
ソース: FXStreetNews - 🏆 14. / 72 続きを読む »