Oil: Subdued demand recavoery to limit the uptrend - ANZ
02.07.2020, 10:36

Oil: Subdued demand recavoery to limit the uptrend - ANZ

FXStreet reports that WTI is up 0.50% on Thursday as crude oil prices held early gains after inventories in the US fell more than expected. Nonetheless, signs of the demand recovery slowing down will limit the upside, according to strategists at ANZ Bank.

“EIA data showed stockpiles in the US were down 7.2mbbl last week, the biggest retreat since December. At Cushing, WTI’s main storage/pricing hub, stockpiles were down for the eighth consecutive week. However, it wasn’t all good news, with implied fuel demand falling.” 

“It wasn’t all good news, with implied fuel demand falling. New cases of COVID-19 continue to rise in the US, with 46,065 yesterday bringing the total to 2.66m. Arizona and California reported their biggest daily gains, while Florida worsened. This has seen the easing of restrictions halted in many states, with some reinstating constraints. New York extended its list of states from which visitors must quarantine on arrival.”

“The market was also comforted by reports that OPEC is maintaining its supply constraints successfully. Bloomberg data shows that the group cut its output by 1.93mb/d to 22.69mb/d in June. That’s its lowest level since May 1991. The overall compliance with the supply agreement was 100%, although the rates varied among members.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik