哈希游戏
热门标签

Oil slumps on fears over economic slowdown, stronger dollar

时间:1个月前   阅读:2   评论:2

皇冠博彩公司www.hg9988.vip)是一家值得信赖的博彩公司,皇冠博彩公司官方投注网,开放皇冠信用网代理申请、信用网会员开户,线上博彩的官方平台。

TOKYO: Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure.

Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel by 0458 GMT.

U.S. West Texas Intermediate (WTI) crude futures for September delivery, due to expire on Monday, were down $1.24, or 1.4%, at $89.53 a barrel. The more active October contract was at $89.27, down $1.17, or 1.3%.

Both Brent and WTI climbed for a third straight day on Friday, but fell about 1.5% for the week on a stronger dollar and demand fears.

"Growing fears over a global economic slowdown are behind the fall in oil markets," said Tatsufumi Okoshi, senior economist at Nomura Securities.

"A higher U.S. dollar also prompted fresh selling," he said.

The dollar index rose to a five-week high on Monday after Richmond Fed President Thomas Barkin said the "urge" among central bankers was towards faster, front-loaded interest rate increases.

,

博彩平台网址大全www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。博彩平台网址大全上博彩平台网址大全登录线路、博彩平台网址大全代理网址更新最快。博彩平台网址大全开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

A stronger dollar makes oil more expensive for buyers in other currencies.

Investors will be paying close attention to comments by Fed Chair Jerome Powell when he addresses an annual global central banking conference in Jackson Hole, Wyoming, on Friday.

The Fed is seen as having more room to hike rates than central banks of other large economies which are more fragile.

Prices also fell on worries over slowing fuel demand in China, the world's largest oil importer, because of a power crunch in the southwest caused by a heatwave.

"China's power restriction in some regions is also a concern as it could affect economic activity," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

China's southwestern province of Sichuan will extend curbs on industrial power consumers until Aug. 25 as it tries to deal with dwindling hydropower output and surging household electricity demand following a long heatwave, financial news service Caixin said.

In a sign of overall concern about the Chinese economy, Beijing cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, to revive an economy hobbled by a property crisis and a resurgence of COVID cases.

Meanwhile, the leaders of the United States, Britain, France and Germany discussed efforts to revive the 2015 Iran nuclear deal, the White House said on Sunday, though no further details were provided. - Reuters


转载说明:本文转载自Sunbet。

上一篇:tội có bạc online(www.84vng.com)

下一篇:电报群搜索工具(www.tel8.vip):Record CPO price to drive earnings

网友评论