Oil Edges Higher as Investors Assess Uncertain Demand Outlook

Bloomberg2021-07-13

Fast-spreading delta variant causing jump in cases worldwide. WTI crude futures climb 0.2% after dropping 0.6% on Monday. Oil edged higher after falling for the first time in three days as the market...

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SSVC
2021-07-13
SSVC
Nice Appreciate your response and comments Thanks
jacjacsim
2021-07-13
jacjacsim
Nice
WilKoh
2021-07-13
WilKoh
Like
- jacjacsim:
  cool
henghm
2021-07-13
henghm
Like and comment
Hunter88
2021-07-13
Hunter88
Pls like & comment
- DWWM:
  Done

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Thedelta variantis spreading rapidly through regions from Asia to the U.S., leading to a spike in infections and renewed lockdowns. The flare-up adds to market uncertainty after OPEC+ ended supply talks last week without anagreementfor August.\n“We have seen this playbook before -- it was the European resurgence at the start of the year, then India followed by Southeast Asia,” said Howie Lee, an economist at Oversea-Chinese Banking Corp. “In the short term, we might see a bit of jitter across markets, but the fundamental picture has hardly budged.”\nOil has rallied more than 50% this year as the vaccine rollout in key economies such as the U.S. accelerated the rebound from the pandemic, although the spread of delta is a reminder the recovery will be bumpy. The International Energy Agency will give an updated snapshot of the market later on Tuesday.\nThe window for OPEC+ to boost output in August is closing quickly. 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comment&nbsp;","listText":"Pls like &amp; comment&nbsp;","text":"Pls like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142839333","repostId":1109319866,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5202392,"gmtCreate":1626141319798,"gmtModify":1663230891532,"authorId":3576740278830885,"author":{"id":3576740278830885,"idStr":"3576740278830885","authorId":3576740278830885,"name":"DWWM","avatar":"https://static.tigerbbs.com/454eae1d592c63bceb83b57c108b3272","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":142839333,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":69,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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