Oil Set For Biggest Weekly Loss Since July On Demand Pessimism



(Bloomberg) – Oil headed for its biggest weekly decline since the middle of July as a streak of disappointing economic data from the US and elsewhere added to fears a global recession is coming.
Futures in New York edged higher Friday but are down around 6% this week. A key measure of American service industry activity dropped to the lowest in three years last month, while an employment gauge registered its weakest print in more than five years.
That came after payrolls and manufacturing numbers fell short of estimates earlier in the week.
The deteriorating US economy – and more signs of weakness in major nations like China and Germany – is worsening what was an already fragile demand outlook.
While the record gains in oil after the Sept 14 attacks on Saudi Arabia evaporated largely due to the kingdom quickly restoring production, the increasing economic gloom has also played a part.
Opec producer Nigeria warned Thursday that oil demand will be “very challenging” next year.
“It’s clear the backdrop has weakened recently,” said Daniel Hynes, a senior commodity strategist at Australian & New Zealand Banking Group Ltd in Sydney.
“However, the market is taking a glass half empty approach to it at the moment” as a significant fall in oil demand hasn’t been seen yet, he said.
West Texas Intermediate for November delivery rose 12 cents, or 0.2%, to US$52.57 a barrel on the New York Mercantile Exchange as of 9:34am in Singapore.
It dropped for an eighth consecutive session on Thursday and is down US$3.34 this week, the most since July 19.
Brent for December settlement climbed 8 cents to US$57.79 a barrel on the ICE Futures Europe Exchange. The contract has fallen 6.6% this week.
The global benchmark crude traded at a US$5.32 premium to WTI for the same month.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2019/10/04/oil-set-for-biggest-weekly-loss-since-july-on-demand-pessimism/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Hk All Set For Military Intervention

Hk All Set For Military Intervention

papar berkaitan - pada 10/10/2019 - jumlah : 548 hits
Hong Kong s leader Carrie Lam warned that the Chinese military could step in if an uprising for democratic reforms that has rocked the city for months becomes so bad but reiterated the government still hopes to resolve the crisis itself Lam...
Malaysia Sweetens Tax Incentives For Companies To Set Up Hubs

Malaysia Sweetens Tax Incentives For Companies To Set Up Hubs

papar berkaitan - pada 9/10/2019 - jumlah : 362 hits
Malaysia aims to be the optimal headquarters hub in the Asia Pacific KUALA LUMPUR Malaysia today said it would expand tax incentives for companies that use the country as a base for conducting their regional or global business Effective thi...
Malaysia Airlines School S Out Get Set For The Best Flight Deals At Up To 25 Off

Malaysia Airlines School S Out Get Set For The Best Flight Deals At Up To 25 Off

papar berkaitan - pada 24/9/2019 - jumlah : 381 hits
Malaysia Airlines School s Out Get set for the best flight deals at up to 25 off when you fly with Malaysia Airlines Offer valid from 23rd Sep till 6th OctMalaysia Airlines ASEAN 72 Hours Sale Get up to 20 off All Seats All flights to desti...
Demand For Broadband Services Grew 18 22pct In A Year Gobind

Demand For Broadband Services Grew 18 22pct In A Year Gobind

papar berkaitan - pada 9/10/2019 - jumlah : 350 hits
The demand for fixed residential and commercial broadband services rose by 18 to 22 percent from August 2018 to August this year said Communications and Multimedia Minister Gobind Singh Deo Gobind said the growth was achieved following the ...
7 Tips For Weight Loss

7 Tips For Weight Loss

papar berkaitan - pada 2/10/2019 - jumlah : 319 hits
Beginning in 2019 everyone is eager to lose weight and now they want to anchor the curtains 2019 Follow these 7 tips on how to lose weight to reach your new year s target 1 LOSS OF FOOD PORTION Food portions need to be reduced When you redu...
Tanjung Piai By Election A Loss For Pakatan

Tanjung Piai By Election A Loss For Pakatan

papar berkaitan - pada 23/9/2019 - jumlah : 317 hits
It s the type of constituency whose racial composition was favoured loved by Mahathir in his earlier reign where if Malay voters split their support between PAS and UMNO Mahathir would frighten the sh t out of the unwitting kingmaker Chines...
Indonesia Could Take Back 1 4m Hectares Of Forest Cleared For Oil Palm

Indonesia Could Take Back 1 4m Hectares Of Forest Cleared For Oil Palm

papar berkaitan - pada 11/10/2019 - jumlah : 494 hits
The Indonesian government could take back 1 4 million hectares of forest as part of its ban on land clearing for oil palm plantations an official said today Last year President Joko Widodo issued a ban on new permits for oil palm plantation...
Prepare For Climate Change Not War Mahathir

Prepare For Climate Change Not War Mahathir

papar berkaitan - pada 29/9/2019 - jumlah : 281 hits
Dr Mahathir Mohamad said the international community instead of preparing for war should be paying attention to the climate changes and accompanying natural disasters We should be preparing to combat climate change to bring back the normal ...
Regional Haze Eases For The Moment As Rain Brings Relief To Indonesia S Sumatra Kalimantan

Regional Haze Eases For The Moment As Rain Brings Relief To Indonesia S Sumatra Kalimantan

papar berkaitan - pada 28/9/2019 - jumlah : 334 hits
The number of hotspots in Indonesia has dropped by more than 40 per cent after rain in parts of Sumatra and Kalimantan as the overall haze situation eased throughout the region on Wednesday The number of hotspots stood at 1 744 on Wednesday...
Apakah Sekarang Semua Orang Harus Punya Website

Amb888 18 2025 Amb888 Ambking Top 80 By Marguerite Amb888 Ceo

Kisah Sedih Bukit Kepong Dalam Ingatan Saksi Terakhir Meninggal Dunia

Letak Jawatan Sebagai Ajk Pibg Sekolah

Maksud Karamah Insaniah

Sebelum Pukul8 Dah Sampai

Pg Slot Web 2025 Casino Online Pg Slot Top 84 By Kandice Pg Slot Amb888 Cc 15 68

10 Ide Kado Untuk Bayi Laki Laki Yang Berguna Dan Berkesan


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Perlukah Ambil Ubat Statin

Memendam Dan Bertahan

Dua Kolaborasi Clot X Mcdonald S District Vision X New Balance Pemikat Sneaker Anda

Amira Othman Buka Mulut Isu Mesra Dengan Fattah Amin Akui Ada Pihak Meluat

Remaja Lelaki Hampir Diculik Dua Individu Ketika Berjoging

Saiful Apek Ditahan Azlee Tidak Tahu