Oil falls 1% as focus shifts to high U.S. fuel stocks

14 Janvier, 2020, 17:05 | Auteur: Auguste Feret
  • Iran's missile attack on US army bases in Iraq on Wednesday sent gold blasting above US$1,600 an ounce. But it took just hours for that safe haven dash to fade and for global stocks to rise again

Oil settled at the lowest level since early December as geopolitical tension in the Middle East eased.

Futures in NY fell as much as 1.5pc Monday to the lowest level in over a month.

One area of concern with regards to inventory is that USA refinery margins for petroleum products are thin, particularly as winter demand for heating oil has been middling and gasoline margins have deteriorated. In Libya, warring factions have called a cease-fire in their nine-month conflict.

Iran was rocked by street protests on Monday in response to the Islamic Republic's accidental downing of a Ukraine Airlines flight while firing at the U.S. airbases in Iraq.

"There is a continuing sense that the geopolitical risk from Iran has come down dramatically", said Phil Flynn, a senior market analyst at Price Futures Group Inc.

"For Brent, which is a broader indicator of the global crude market, it is a combination of supply and demand", he added. In the Asian session, USA crude slipped below the 58.00 level, before recovering.

'Westworld' Season 3 Premiere Date Set for March
We know surprisingly little about Westworld season 3 , and that's despite there being three trailers already available to watch. What we want most from Season 3 are answers about that Season 2 post-credits scene about the Man in Black ( Ed Harris ).

Bumrah set to receive Polly Umrigar Award
BCCI Secretary said: "The BCCI Awards are an important feature in the Indian cricket calendar, a mix of ambition and inspiration". Legspinner Poonam Yadav will take the top prize in women's category and will be awarded the best global woman cricketer women.

Arsenal manager Mikel Arteta hints on another loan move for Eddie Nketiah
Arteta has been looking at potential options and may use his agency connections in order to take on Stones, according to the Sun . The England worldwide has struggled for game time this season owing to his injury and subsequent loss of form.

Crude oil prices fell roughly 1% Monday as Middle East tensions lessened and investors focused more on lackluster seasonal demand following last week's US report showing large fuel inventories. "There's been an abject lack of heating oil demand", Kilduff said. "But watch out for increasing Iranian proxy activity and an acceleration of Iran's nuclear program in the months ahead".

Benchmark Brent crude edged up 0.3 percent to $64.39 per barrel after falling 1 percent on Monday.

Light synthetic crude from the oil sands traded at $4.50 below WTI, unchanged from Friday's settle.

The London Brent crude was sold for $64.63 per barrel which gained 43 cents at 0.67 percent while the U.S. West Texas Intermediate (WTI) crude futures garnered 32 cents at 0.4 percent for 58.40 per barrel.

"The possibility of the war between the United States and Iran has disappeared".

The reminder that the U.S.is going after anyone doing business with Iran comes after the most recent flare-up in the Middle East and the expanded sanctions on the Islamic Republic to include individuals and metals and construction companies.

Conseillé:

  • All The Best Meme Reactions To Oscar Snubs

    All The Best Meme Reactions To Oscar Snubs

    Lorene Scafaria (" Hustlers ") and Marielle Heller ("A lovely day in the neighborhood") also participated in the conversation. The most likely candidate was Greta Gerwig ( Little Women ), who was the last woman nominated two years ago for Lady Bird .
    Wind and rain warning in place across county

    Wind and rain warning in place across county

    A narrow band of squally heavy rain moving east, accompanying the strongest winds, may be an additional hazard'. A weather warning has been issued for Sussex with residents told to prepare for the arrival of Storm Brendan. .
    Joaquin Phoenix arrêté lors d'une manifestation pour le climat à Washington

    Joaquin Phoenix arrêté lors d'une manifestation pour le climat à Washington

    Jane Fonda , qui a été interpellée par la police à de nombreuses reprises, collabore régulièrement avec des organisations telles que Greenpeace.
  • Ireland to hold general election next month

    Ireland to hold general election next month

    The Saturday date comes as a surprise as many believed he would go to the country on either Friday, February 7th or 14th. It's understood the Taoiseach told his cabinet the election date during their meeting on Tuesday morning.
    England, South Africa eye series win

    England, South Africa eye series win

    The third test at St George's Park is followed by the last at the Wanderers in Johannesburg from Jan 24-28. Keegan Petersen, who was added as cover ahead of the Newlands Test, misses out.

    Dalila Jakupovic collapses at Australian Open ‘due to poor air from wildfires’

    The world No. 180 was forced to retire midmatch at Melbourne Park on Tuesday due to the hazardous smoke lingering from bushfires in the east of the state of Victoria.
  • Harmanpreet Kaur To Captain India In Women's T20 World Cup

    Harmanpreet Kaur To Captain India In Women's T20 World Cup

    The Ladies in Blue will kick-off their marketing campaign on the showpiece occasion towards hosts Australia in Sydney on February 21.
    Canadian economy adds 35200 jobs in December

    Canadian economy adds 35200 jobs in December

    Friday's report also showed that American women held more jobs than men in December for the first time in almost a decade. That was a 21% reduction from the 2.68 million in 2018 and placed 2019 eighth in the last decade for employment growth.
    Bruno Fernandes: Man Utd in talks with Sporting Lisbon over midfielder

    Bruno Fernandes: Man Utd in talks with Sporting Lisbon over midfielder

    Midfielder Fernandes, 25, scored twice as Sporting beat Vitoria Setubal 3-1 in the Portuguese top flight on Saturday. They were not impressed with any of United's suggestions, which is what is holding up the deal.
  • Renault Chairman Says Alliance With Nissan 'Robust'

    Renault Chairman Says Alliance With Nissan 'Robust'

    However, people within Nissan claim that his efforts to present unification have badly misread the general mood of workers. This has reportedly accelerated since Ghosn fled charges of financial misconduct in Japan late a year ago .
    Ski: Armand Marchant a abandonné à Adelboden - Édition digitale de Bruxelles

    Ski: Armand Marchant a abandonné à Adelboden - Édition digitale de Bruxelles

    Victor Muffat-Jeandet termine 5e, Alexis Pinturault 8e, Jean-Baptiste Grange 15e et Julien Lizeroux 25e. Le Valaisan vient de remporter (pour la deuxième fois) le slalom de Madonna di Campiglio.
    Black Widow new teaser: It is Natasha vs Taskmaster

    Black Widow new teaser: It is Natasha vs Taskmaster

    The trailer for Scarlett Johansson's upcoming film debuted past year and gave us a few ideas as to what to expect from it. Titled as special look, the Scarlett Johansson starrer reinforces the thought that Black Widow will be high on action.


Populaire

FM Qureshi offers condolences to royal family over demise of Sultan Qaboos
Oman's ailing Sultan, one of the Middle East's longest-serving rulers, passed away on Friday after a being unwell for years.

Marcus Stoinis slams highest-ever individual score in BBL history
Records are tumbling at the MCG, with Melbourne Stars allrounder Marcus Stoinis' blasting the highest score in BBL history. The star of the game was undoubtedly Stars' opener batsman Marcus Stoinis , who played a superb unbeaten knock of 147.

Sania returns to match after two years, wins Hobart International tournament
After clinching the win, Sania Mirza shared an adorable picture with her son, in which she can be seen giving a high-five to him. In 2013, she retired from the individual competition after becoming the most successful tennis player in India ever.

Verified videos show plane in Iran struck before fiery crash
Chilling footage has recorded the moment the Ukraine International Airlines Flight 752 crashed outside of Tehran on Wednesday . The crash came just hours after Iran carried out missile strikes on two airbases housing United States forces in Iraq.

"Amiens, une équipe de peintres" — Christophe Galtier (Lille)
On a souffert, mais l'équipe a fait preuve de beaucoup d'abnégation, et elle a su marquer et conserver son avantage. De quoi exaspérer Christophe Galtier qui a laissé éclater sa frustration dans le vestiaire du stade Gaston-Gérard.

Oscars 2020: A List Of Snubs, Topped By Jennifer Lopez
Fans of Joker will definitely be pleased with the list, as the movie netted itself 11 nominations. 1917 and Once Upon a Time ... Following the results of this year's selection, the United Kingdom academy announced it would be reviewing its voting process.

Un enfant tue sa prof avant de s'ôter la vie
Le président mexicain, Andrés Manuel Lopez Obrador, a présenté ses condoléances aux familles des victimes. Tous les blessés ont été transférés dans un hôpital voisin. "Le garçon vivait avec sa grand-mère".

Iran Must "Punish" All Responsible For Shooting Down Plane: President
Make sense of what's happening across the country and around the world with the Star's This Week in Politics email newsletter. Trump says he wants a more stringent pact, while Iran says it will not negotiate as long as USA sanctions are in place.

"ONPC": les invités et chroniqueurs du samedi 11 janvier 2020
Les deux acteurs viendront présenter le film: " Je voudrais que quelqu'un m'attende quelque part ", un film de Arnaud Viard. Pierre Rosanvallon , pour son livre " Le siècle du populisme " aux éditions du Seuil.

Trump defends decision to kill Soleimani
According to the US Constitution, the authority to direct military action is divided between Congress and the president. My wife said our embassies are under threat? Yes. "I shared that view", Esper said.