echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > International oil prices performed repeatedly, New York oil futures closed down 0.67%

    International oil prices performed repeatedly, New York oil futures closed down 0.67%

    • Last Update: 2023-02-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    A Russian court overturned the Black Sea oil pipeline moratorium, but the dollar index strengthened, and China's epidemic was once again concerned, and international oil prices performed repeatedly
    .

    New York oil futures fell as much as 3.
    72% on Monday, as low as $100.
    89 a barrel, closing down 70 cents or 0.
    67% at $104.
    09 a barrel, while London Brent futures fell as much as 3.
    16% to a low of $103.
    64 and closed up 8 cents or 0.
    07% at $107.
    1 a barrel
    .

    JPMorgan Chase pointed out that the market is good and weak factors, on the one hand, Russia's daily production of 3 million barrels of crude oil may not flow into the international market, so that Brent oil prices have the conditions to test $190; On the other hand, weak demand for crude oil, the US economy may enter a slight recession, oil prices may fall to $90, a severe recession may see $
    78.
    Risk aversion rose among investors, and the number of open interest in New York oil futures fell to its lowest level
    since October 2015.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.