News Formal

Oil pares weekly loss as tightening market vies with hawkish Fed

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Brent for November settlement added 0.6% to $93.86 a barrel.

Oil rose, paring a weekly loss driven by the Federal Reserve flagging a further rise in US interest rates this year, which damped appetite for risk assets and overshadowed physical tightness in the crude market.

Still, there are plenty of signs of tightness in the physical market. Russia announced a temporary ban on diesel and gasoline exports on Thursday, lifting fuel prices. In addition, US crude stockpiles posted another decline, and oil’s backwardated timespreads point to strong competition for near-term supplies.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stocks, bonds decline as Fed knocks risk sentiment: Markets wrapSpot gold fell 0.1% to $1 928.35 an ounce.
Källa: Moneyweb - 🏆 5. / 77 Läs mer »