News Formal

Oil Prices Rise as Market Anticipates OPEC Monthly Report

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 20 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 68%

Oil 뉴스

Oil Prices,OPEC,Oil Demand

If OPEC does not move to reduce its current voluntary production cuts in July, analysts expect oil demand to remain strong in the second and third quarters, lending further support to the market.

While inflation concerns dragged oil prices lower earlier on Monday, with U.S. consumer price data due out Tuesday, by late morning, anticipation of OPEC’s monthly report due on the same time bumped the two key crude oil benchmarks up at least half a percentage point. On Tuesday, OPEC will release its Monthly Oil Market Report MOMR, with its outlook for the coming period. On Monday at 1157 a.m. ET, the U.S. crude oil benchmark, West Texas Intermediate WTI was trading up 0.61% at $78.

The cartel said it sees a “robust oil demand outlook for the summer months”, and analysts are expecting more or continued optimism in Tuesday’s report. In the April report, OPEC left its oil demand growth forecasts unchanged for this year and next. The expected global oil demand growth rate is 2.2 million barrels per day for this year, with growth of 1.8 million bpd next year. U.S.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 34. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

OPEC Signals Lasting OPEC Alliance in Oil Market ManagementOPEC is preparing to replace the 'call on OPEC' forecast of global demand for the cartel's crude oil with 'call on OPEC crude' in its closely-watched monthly oil market report
출처: OilandEnergy - 🏆 34. / 68 더 많은 것을 읽으십시오 »