Indien
2021-03-01 12:20
In der IndustrieOil prices climb after progress on huge US stimulus bill
Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out.
Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday.
US West Texas Intermediate (WTI) crude futures jumped $1.10, or 1.8%, to $62.60 a barrel.
Oil prices are recovering this morning in line with most risk assets on the back of the US stimulus bill passing the House and as central banks continue to sabre rattle to ward off market-implied financial tightening.
US House of Representatives passed a $1.9 trillion coronavirus relief package early Saturday. Democrats who control the chamber approved the sweeping measure by a mostly party-line vote of 219 to 212 and sent it to the Senate, where Democrats planned a legislative manoeuvre to allow them to pass it without the support of Republicans.
On the flip side, investors are betting that this week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group is known as OPEC+, will result in more supply returning to the market.
More supply needs to come onto the market to ensure OPEC+ meets incremental demand and keeps internal discipline ducks in a row.
Gefällt 0
callmemaybe
VIP Trader
Aktueller Inhalt
In der Industrie
Event-A comment a day,Keep rewards worthy up to$27
In der Industrie
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
In der Industrie
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
In der Industrie
South Africa Event-Come&Win 240ZAR Phone Credit
In der Industrie
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
In der Industrie
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Kategorie
Plattform
Ausstellung
IB
Rekrutierung
EA
In der Industrie
Markt
Index
Oil prices climb after progress on huge US stimulus bill
Indien | 2021-03-01 12:20
Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out.
Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday.
US West Texas Intermediate (WTI) crude futures jumped $1.10, or 1.8%, to $62.60 a barrel.
Oil prices are recovering this morning in line with most risk assets on the back of the US stimulus bill passing the House and as central banks continue to sabre rattle to ward off market-implied financial tightening.
US House of Representatives passed a $1.9 trillion coronavirus relief package early Saturday. Democrats who control the chamber approved the sweeping measure by a mostly party-line vote of 219 to 212 and sent it to the Senate, where Democrats planned a legislative manoeuvre to allow them to pass it without the support of Republicans.
On the flip side, investors are betting that this week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group is known as OPEC+, will result in more supply returning to the market.
More supply needs to come onto the market to ensure OPEC+ meets incremental demand and keeps internal discipline ducks in a row.
Gefällt 0
Ich möchte auch kommentieren
Einreichen
0Kommentare
Es gibt noch keinen Kommentar. Mach den ersten
Einreichen
Es gibt noch keinen Kommentar. Mach den ersten