Crude oil prices will likely react to the upcoming rate decision from the U.S. Federal Reserve, decisions from OPEC+ and an agitated Russia.
Crude prices will likely react to the upcoming rate decision from the Federal Reserve, decisions from OPEC+ and an agitated Russia.Crude oil prices this week will likely react to the upcoming rate decision from the U.S. Federal Reserve and decisions from the OPEC+ group, but don’t discount a renewed geopolitical risk premium coming from Russia, analysts said.
Jeff Mower, director of oil news for the Americas at S&P Global Commodity Insights, said that puts his focus squarely on the U.S. Federal Reserve, which meets Wednesday to announce its next rate decision. We’ll see if there’s enthusiasm apparent in the remaining fourth-quarter earnings reports. While Halliburton, an oil field services firm, seemed to emphasize shareholder returns over new investments on exploration and production, Baker Hughes said it was expecting an uptick in capital spending from upstream.
But without more crude oil, there’s a premium on refined petroleum products such as diesel, fuel oil and gasoline. The Council of the European Union on Friday opted to extend “the restrictive measures targeting specific sectors” of the Russian economy for six months and further noose-tightening is set for February.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Crude Oil Futures: Door open to extra weaknessConsidering advanced prints from CME Group for crude oil futures markets, open interest extended the uptrend on Friday, now by around 20.3K contracts.
Consulte Mais informação »
Saudi Arabia may lower crude prices to Asia for 4th straight monthSaudi Arabia, the world's largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply worries linger despite expectations of demand recovery in China.
Consulte Mais informação »
WTI pares weekly loss above $80.00 on China, OPEC+ concernsWTI crude oil renews intraday high near $80.20, following a gap-up start to the week, as traders await this week’s bumper data/events. In doing so, th
Consulte Mais informação »
USD/CAD aims to build cushion around 1.3300 as oil price plunges, Fed policy hogs limelightUSD/CAD aims to build cushion around 1.3300 as oil price plunges, Fed policy hogs limelight – by Sagar_Dua24 USDCAD Oil Fed DollarIndex Employment
Consulte Mais informação »
Oil falls ahead of OPEC+, U.S. Federal Reserve meetingsOil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility.
Consulte Mais informação »
Wall Street ends higher, notches weekly gains as Fed meeting looms By Reuters*WALL STREET ENDS HIGHER, NOTCHES WEEKLY GAINS AS FED MEETING LOOMS - $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Consulte Mais informação »