WTI surpasses $100.00 as IEA renews supply shortage worries
17.03.2022, 22:21

WTI surpasses $100.00 as IEA renews supply shortage worries

  • WTI has climbed near $102.00 as IEA renewed fears of supply shortage.
  • The expectation of supply shortage from Russia has already been discounted by investors.
  • The OPEC’s positive response to the urge of US President Joe Biden will fix the demand-supply gap.

West Texas Intermediate (WTI), futures on NYMEX, has rebounded sharply after hitting a low of $92.37 on Tuesday. The oil prices have increased around 9% overnight on renewed fears of supply worries due to sanctions on Russia by the Western leaders. Investors should be informed that the Russian economy attracted sanctions from the West on its invasion of Ukraine, three weeks back.

The International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next month. That loss would be far greater than an expected drop in demand of one million bpd from higher fuel prices. The headline faded the promise of the OPEC cartel, which responded positively to the urge of US President Joe Biden to pump more oil to fill the demand-supply gap.

The statement from the IEA has impacted positively for the oil prices but investors must keep in mind that the previous rally in the oil prices was banked upon the expected shortage of supply from Russia. Therefore, the impact is known to the market and the rebound in oil prices is mere a pullback and not a reversal.

EIA oil inventories

The Energy Information Administration (EIA) reported higher oil stockpiles on Wednesday. The oil stockpiles figure landed at 4.345M outperformed the preliminary estimate of -1.375M and the previous print of -1.863M.

 

 

 

© 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