ഏഷ്യയിലെ ഓഹരികൾ വീണ്ടും ഉയർന്നു, സാമ്പത്തിക യാഥാർത്ഥ്യത്തിനെതിരെ ഫെഡറൽ അനന്തമായ ക്യുഇ നൽകുന്നു – ഇൻവെസ്റ്റിംഗ്.കോം
ഏഷ്യയിലെ ഓഹരികൾ വീണ്ടും ഉയർന്നു, സാമ്പത്തിക യാഥാർത്ഥ്യത്തിനെതിരെ ഫെഡറൽ അനന്തമായ ക്യുഇ നൽകുന്നു – ഇൻവെസ്റ്റിംഗ്.കോം
March 24, 2020
നിങ്ങൾ ഉറങ്ങുമ്പോൾ മാർക്കറ്റിന് എന്ത് മാറ്റം വന്നു? അറിയേണ്ട മികച്ച 10 കാര്യങ്ങൾ – Moneycontrol.com
നിങ്ങൾ ഉറങ്ങുമ്പോൾ മാർക്കറ്റിന് എന്ത് മാറ്റം വന്നു? അറിയേണ്ട മികച്ച 10 കാര്യങ്ങൾ – Moneycontrol.com
March 24, 2020

ക്രൂഡ് ഓയിൽ ഫ്യൂച്ചറുകൾ ഉയരുന്നു, പക്ഷേ പിന്തുണ ദുർബലമായി കാണുന്നു – Investing.com

ക്രൂഡ് ഓയിൽ ഫ്യൂച്ചറുകൾ ഉയരുന്നു, പക്ഷേ പിന്തുണ ദുർബലമായി കാണുന്നു – Investing.com

Translating…

© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County © Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County

By Sonali Paul

MELBOURNE (Reuters) – U.S. crude oil futures climbed nearly 3% on Tuesday in light trading as the Trump administration launched an effort to work with Saudi Arabia to stabilise oil prices.

West Texas Intermediate (WTI) crude () futures for May delivery rose $0.67, or 2.9%, to $24.03 as of 2353 GMT, adding to gains on Monday.

Brent () futures for May delivery rose 52 cents, or 1.9%, to $27.55 as of 0015 GMT.

“However volumes are terrible, they’re very low, so this is not a high confidence move,” CMC Markets and Stockbroking chief market strategist Michael McCarthy said.

The U.S. administration has appointed a special energy representative to Saudi Arabia, Victoria Coates, as part of a diplomatic push to stabilise energy markets, hammered by a price war between Saudi Arabia and Russia.

The market is testing support following a more than 60% slide in oil prices since the start of the year due to the impact of the coronavirus on global demand and a market share war between Saudi Arabia and Russia set to bloat oil supply from April.

“Given the market’s already pricing in full production from Saudi Arabia and Russia and we’ve already priced in significant demand destruction, it’s hard to see what would cause the next significant downdraft from here,” McCarthy said.

Australian refiners Viva Energy (AX:) and Caltex Australia Ltd (AX:) said they expect jet fuel demand to shrink by 80% to 90% due to air travel grinding close to a halt and plan to take in less crude.

Disclaimer: Fusion Media

would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Comments are closed.