WTI reclaims $100.00 ahead of the release of EIA stockpiles, China’s lockdown measures ease
12.04.2022, 23:47

WTI reclaims $100.00 ahead of the release of EIA stockpiles, China’s lockdown measures ease

  • WTI has retreated from $92.65 on easing demand worries in China.
  • API has printed a solid build-up of US oil inventories at 7.8 million barrels.
  • The impact of additional oil supply by the US and IEA seems to fade away.

West Texas Intermediate (WTI), futures on NYMEX, has recaptured the $100.00 mark as the Chinese administration has lifted some of its lockdown curbs, which were imposed to contain the Covid-19 epidemic in Shanghai city. The black gold has witnessed a sheer upside after sensing a decent buying interest from Monday’s low at $92.65.

It seems that the announcement of additional oil supply by the US administration and International Economic Agency (IEA) out of their Strategic Petroleum Reserve (SPR) has faded away. Earlier, the US administration and IEA announced an oil supply of 180 and 60 million barrels respectively. To offset the cut of one million barrels of oil per day (bpd) from Russia due to sanctions imposed by Western leaders, the collective leakage of 1.3 million bpd by the US administration and IEA may bring price stability.

Also, the WTI bears failed to capitalize on the solid build-up of oil stocks reported by the American Petroleum Institute (API). On Tuesday, the API reported that the US oil inventories rose by 7.8 million barrels, outperforming the previous figure of 1.08 million barrels.

For further guidance, the oil inventory report from the Energy Information Administration (EIA) will hold significant importance. The oil inventories are likely to land at 1.367 million barrels against the previous print of 2.421 million barrels.

 

 

 

 

 

© 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