2024-01-11 07:00:00
OIL PRICE: BRENT NEAR $77, WTI BELOW $72
REUTERS - Jan 11, 2024 - Oil prices ticked higher in Asian trading as markets measured rising tensions in the Middle East against a surprise build in U.S. crude stockpiles that pushed oil benchmarks down about 80 cents in the previous session.
U.S. West Texas Intermediate crude futures gained 20 cents, or 0.28%, to reach $71.57 a barrel by 0202 GMT. Benchmark Brent crude oil futures rose 21 cents, or 0.27%, to $77.01 a barrel.
U.S. crude inventories (USOILC=ECI) increased by 1.3 million barrels in the week ended on Jan. 5 to 432.4 million barrels, the EIA said on Wednesday, against analyst expectations for a 700,000-barrel draw.
"Bearish fundamentals, including higher inventories and higher production, are playing out against rising tensions in the Middle East," IG analysts wrote in a note. The analysts expect to see prices around the $67-$77 range in the near term, they said.
On Wednesday, Yemen-based Houthis mounted their largest attack yet on commercial shipping lanes in the Red Sea. The U.S. and Britain hinted they would take further measures if the attacks continued, and the UN Security Council passed a resolution demanding an immediate end to the strikes.
Israeli strikes in southern and central Gaza also intensified on Wednesday.
China's customs administration will release December trade data on Friday, giving a full-year picture of overall demand in the world's largest oil buyer. Analysts expect the data to show that China's goods imports rose 0.3% last month, after dropping 0.6% in November.
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Earlier:
2024, January, 9, 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI NEAR $71
Brent frose 18 cents, or 0.2%, to $76.30 a barrel. WTI inched up 0.1%, or 6 cents, to $70.83 a barrel.
2024, January, 9, 06:55:00
U.S., RUSSIAN OIL SANCTIONS
The US Treasury Department announced the steps Wednesday, including sanctions on Bellatrix Energy Ltd., a Hong Kong-based firm among the shadowy traders that emerged to help Russia keep its oil exports flowing.
2023, December, 21, 07:00:00
OIL PRICE: BRENT ABOVE $79, WTI NEAR $74
Brent fell 22 cents, or 0.3%, to $79.48 a barrel. WTI was at $74 a barrel, also down 22 cents or 0.3%.
2023, December, 21, 06:55:00
ЭНЕРГЕТИЧЕСКОЕ СОТРУДНИЧЕСТВО РОССИИ, КИТАЯ
Особое внимание уделяется взаимодействию в атомной сфере и в области возобновляемых источников энергии. Обсуждается укрепление партнёрства в области электроэнергетики и кооперация в сфере ВИЭ.
2023, December, 15, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI NEAR $72
Brent rose 40 cents to $77.01 a barrel, WTI climbed 40 cents to $71.98.
2023, December, 15, 06:50:00
RUSSIAN OIL PROCESSING DOWN
The nation’s plants processed 5.33 million barrels of crude a day in the first six days of the month, down about 81,000 barrels a day from the prior week’s average, according to a person with knowledge of industry data.
2023, December, 6, 06:45:00
РОССИЯ МИНУС 500 ТБД
Россия углубит дополнительное добровольное сокращение поставок нефти на 300 тыс. баррелей в день ещё на 200 тыс. баррелей в день, чтобы достичь 500 тыс. баррелей в день, и продлит это добровольное сокращение поставок до конца I квартала 2024 года в координации с некоторыми странами ОПЕК+.
