Thursday , August 22 2019
Home / senegal / Oil continues to grow in Asia

Oil continues to grow in Asia



Singapore (awp / afp) – On Thursday, oil prices continued to rise in Asia, as evidenced by US positive stocks and the Venezuelan crisis.

Approximately 0435 GMT, "Light Sweet Crude Oil" (WTI) drums, the US raw label, which was delivered in March, rose by 36 cents to 54.59 dollars in electronic exchanges in Asia.

The Brent barrel, the European reference for March, also scored 54 cents to $ 62.19.

United States crude oil stocks rose more moderately than last week, while the US Energy Information Agency said Wednesday that purified gasoline and other distillates had fallen. (EIA). Any reduction is considered a good news market that suffers from excessive supply.

"Less-than-expected crude oil stocks, coupled with lower US imports from Saudi Arabia, have contributed to continued price recovery," said Oanda analyst Jeffrey Halley.

WTI, which has crossed the $ 54 mark, is on track to reach $ 55, while Brent still has $ 63 in technical barriers, adding analysts. "This suggests that there is a precautionary element against any temptation to over-abundance in the world that drowns in the abundance of supply."

The courses are also supported by US sanctions on Monday against Venezuelan oil group PDVSA, as the crisis in the country with the largest oil reserves in the world is growing.

Thousands of Venezuelan opponents, led by self-proclaimed President Juan Guaido, showed on Wednesday that they are persuading the military to turn their back to President Nicolas Maduro, who is trying to close the ranks.

On Wednesday, Brent arrived at $ 61.65 for an Intercontinental Exchange (ICE) in London, reaching 33 cents.

New York Mercantile Exchange (Nymex) WTI won 92 cents to $ 54.23.

mba-ev / mf


Source link