Crude oil slumps as supply side issues eased – ANZ
20.08.2024, 10:30

Crude oil slumps as supply side issues eased – ANZ

A de-escalation of tensions in the Middle East would likely see the geopolitical risk premium evaporate quickly, ANZ commodity analysts note.

US domestic demand remains strong

“The US said that Israel Prime Minister Benjamin Netanyahu had accepted a bridging proposal that aimed to resolve differences between Israel and Hamas. A de-escalation of tensions in the Middle East would likely see the geopolitical risk premium evaporate quickly. Elsewhere, production at Libya’s Waha oil field has returned to normal levels of about 300kb/d after pipeline maintenance was completed earlier than expected.”

“However, the nation’s Sharara field remains offline amid a political dispute between its rival governments. Demand in China remains a concern. While summer travel in the country has been strong, the use of high-speed rail and electric vehicles has taken the edge off gasoline consumption.

“Sales at China’s two biggest retailers, PetroChina and Sinopec have dropped more than 5% since the start of July, according to a Bloomberg report. That’s not the case in the US, where domestic demand has been strong. Bookings for domestic travel over the US Labor Day weekend are up 9% y/y, according to motor club AAA.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik