O Mitrade Insights dedica-se a fornecer aos investidores informações financeiras ricas, oportunas e valiosas para ajudá-los a entender a situação do mercado e encontrar oportunidades de negociação oportunas.
    2021
    Melhor Provedor de Notícias e Análise
    FxDailyInfo
    2022
    Melhores Recursos Educacionais de Forex Global
    International Business Magazine

    WTI moves back to near $78.30 after marking monthly highs as Red Sea tension escalates

    Fonte Fxstreet
    29/01/2024 02:41
    • WTI price gained ground on the threat of supply disruption in the Red Sea.
    • Crude oil prices surged as a drone attacked a US outpost in Jordan on Sunday.
    • US military could carry out strikes into Iran.
    • OPEC+ will hold an online conference on February 1 to decide on further output policies.

    West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive session, trading higher near $78.30 per barrel on Monday, by the press time. WTI prices reached the monthly peak at $79.19 during the early Asian hours but have since pared some of their intraday gains. However, the surge in Crude oil prices was driven by concerns about potential supply disruptions following a missile attack on a fuel tanker in the Red Sea.

    Moreover, on Sunday, a drone attack targeted a United States (US) outpost in Jordan, near its border with Syria, resulting in the tragic death of three US service members and leaving at least 24 others injured. Reports indicate that both the administration of US President Joe Biden and the US military are actively developing specific plans to address this attack. Among the potential measures being considered, there is the serious prospect of carrying out strikes in Iran, representing a significant escalation if such actions are implemented, which in turn, may act as a tailwind for the Crude oil prices.

    The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are scheduled to hold an online conference on February 1, where they may make decisions regarding further output policies. Currently, OPEC+ has collectively committed to voluntary output cuts of approximately 2.2 million barrels per day (bpd) for the first quarter, with Saudi Arabia leading by maintaining a 1 million bpd voluntary reduction. However, Gazprom Neft, a major Russian oil producer, holds the view that there is no necessity for additional cuts in oil supply by OPEC+ members. Meanwhile, the prognosis for Russian refined products exports is anticipated to decrease due to ongoing repairs at several refineries following drone attacks.

    Crude oil prices might have received upward support, partially fueled by the better-than-expected GDP Annualized (Q4) data released from the United States last week. Another contributing factor to the strength in Crude oil prices is speculation surrounding the People's Bank of China (PBoC) contemplating a potential cut in the Medium-term Lending Facility (MLF) rate, given that China, as the largest oil importer, wields a substantial influence on global oil markets.

     

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
    placeholder
    Gold price slumps as expectations for early Fed's rate cuts waneGold price (XAU/USD) is off from weekly highs around $2,035 in Friday’s London session due to easing hopes of early rate cuts by the Federal Reserve (Fed).
    Fonte  Fxstreet
    Gold price (XAU/USD) is off from weekly highs around $2,035 in Friday’s London session due to easing hopes of early rate cuts by the Federal Reserve (Fed).
    placeholder
    WTI moves higher to around $78.30 as Houthi Group strikes on shipping vessels in Red SeaWest Texas Intermediate (WTI) oil price retraces its recent losses registered on Monday.
    Fonte  Fxstreet
    West Texas Intermediate (WTI) oil price retraces its recent losses registered on Monday.
    placeholder
    Gold price jumps as Fed sees progress in inflation declining towards 2%Gold price (XAU/USD) continues its winning spell for the third session in a row on Monday despite waning expectations of rate cuts by the Federal Reserve (Fed) before the June monetary policy meeting.
    Fonte  Fxstreet
    Gold price (XAU/USD) continues its winning spell for the third session in a row on Monday despite waning expectations of rate cuts by the Federal Reserve (Fed) before the June monetary policy meeting.
    goTop
    quote