Oil Heads for Biggest Weekly Loss Since March on Virus Comeback

Bloomberg2021-07-16

(Bloomberg) -- Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 threatened the outlook for global fuel demand demand. Futures traded around $72 a barrel in New York, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BlueDaisy
2021-07-16
BlueDaisy
Oil correction started?
atsc
2021-07-16
atsc
Give me a like
- 丞伟85:
  Ok
Yinyi
2021-07-16
Yinyi
well
dzgunners95
2021-07-16
dzgunners95
Cool
- chunkiat14:
  Yes
- bryanckc:
  Yup
romsae
2021-07-16
romsae
Wow
- Gzong:
  buy!
Lucky03
2021-07-16
Lucky03
Like olease

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1143386164?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-16 19:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143386164","market":"fut","top_or_hot":-1,"title":"Oil Heads for Biggest Weekly Loss Since March on Virus Comeback","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 threatened the outlook for global fuel demand demand.\nFutures traded around $72 a barrel in New York, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-set-worst-week-since-000148698.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Heads for Biggest Weekly Loss Since March on Virus Comeback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Heads for Biggest Weekly Loss Since March on Virus Comeback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-set-worst-week-since-000148698.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 threatened the outlook for global fuel demand demand.\nFutures traded around $72 a barrel in New York, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-set-worst-week-since-000148698.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_CL","symbol_name":"WTI原油","start_time":0,"source_url":"https://finance.yahoo.com/news/oil-set-worst-week-since-000148698.html","article_id":"1143386164","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143386164","pubTimestamp":1626436074,"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 th","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XOM":"埃克森美孚"},"translate_title":"病毒卷土重来，油价创下3月以来最大周跌幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLmain":0.9,"XOM":0.9},"content_text":"(Bloomberg) -- Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 threatened the outlook for global fuel demand demand.\nFutures traded around $72 a barrel in New York, and are heading for a weekly decline of 3.4%. The fast-spreading delta variant is triggering renewed restrictions on movement as it sweeps across the globe, eroding fuel consumption in several Asian countries that had buoyed the recovery.\nAt the same time, crude markets face the prospect of extra supplies from the OPEC+ coalition, as the United Arab Emirates and Saudi Arabia repair a rift that has stymied the group’s decision-making process.\nPrice picked up on Friday as the dollar gave up some of this week’s gains, boosting the appeal of commodities priced in the U.S. currency.\nAmid the concerns over demand, the structure of U.S. crude prices has faltered. While there’s still a premium on the most immediate contracts -- a condition known as backwardation that signals tight supplies -- it has eased significantly in some parts of the forward curve. The prompt premium stands at just 22 cents a barrel, from 75 cents a week ago.\n“Oil prices have been under pressure,” said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt. “We could quickly end up with too much oil being placed on the market.”\nStill, crude has rallied almost 50% this year as the vaccine rollout helps restore economic activity, and forecasters from the International Energy Agency to Citigroup Inc. predict that the market will get tighter in coming months. The Organization of Petroleum Exporting Countries itself expects the recovery in demand for its crude will continue into next year.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":170791556,"gmtCreate":1626449474975,"gmtModify":1703760493098,"author":{"id":"3582677971530678","authorId":"3582677971530678","authorIdStr":"3582677971530678","name":"BlueDaisy","avatar":"https://static.tigerbbs.com/0747094283743978b62fb8b1ee2cf44c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582677971530678"},"htmlText":"Oil correction started?&nbsp;","listText":"Oil correction started?&nbsp;","text":"Oil correction started?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170791556","repostId":1143386164,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170246325,"gmtCreate":1626439155767,"gmtModify":1703760167448,"author":{"id":"3562791266647459","authorId":"3562791266647459","authorIdStr":"3562791266647459","name":"atsc","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3562791266647459"},"htmlText":"Give me a like","listText":"Give me a like","text":"Give me a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170246325","repostId":1143386164,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5239989,"gmtCreate":1626440717383,"gmtModify":1663231061732,"authorId":3584409091420774,"author":{"id":3584409091420774,"authorId":3584409091420774,"name":"丞伟85","avatar":"https://static.tigerbbs.com/a0cbbceb579b48a239ade83c928a975e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170246325,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":170252485,"gmtCreate":1626438691147,"gmtModify":1703760155271,"author":{"id":"3566536920926136","authorId":"3566536920926136","authorIdStr":"3566536920926136","name":"Yinyi","avatar":"https://static.tigerbbs.com/cc22baae83d277bf77d87c7ba222e5b5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3566536920926136"},"htmlText":"well","listText":"well","text":"well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170252485","repostId":1143386164,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170259980,"gmtCreate":1626438379040,"gmtModify":1703760146811,"author":{"id":"3563319809929304","authorId":"3563319809929304","authorIdStr":"3563319809929304","name":"dzgunners95","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3563319809929304"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170259980","repostId":1143386164,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5239760,"gmtCreate":1626438891112,"gmtModify":1663231062337,"authorId":3581848646605293,"author":{"id":3581848646605293,"authorId":3581848646605293,"name":"chunkiat14","avatar":"https://static.tigerbbs.com/31b1910abc25edda2038e4e69a5ca9ab","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170259980,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":5239766,"gmtCreate":1626438940112,"gmtModify":1663231061642,"authorId":3569900814433914,"author":{"id":3569900814433914,"authorId":3569900814433914,"name":"bryanckc","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170259980,"type":1,"supId":5239760,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":170250025,"gmtCreate":1626438317967,"gmtModify":1703760144849,"author":{"id":"3571957575860948","authorId":"3571957575860948","authorIdStr":"3571957575860948","name":"romsae","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571957575860948"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170250025","repostId":1143386164,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5239730,"gmtCreate":1626438666707,"gmtModify":1663231063125,"authorId":3567211743735274,"author":{"id":3567211743735274,"authorId":3567211743735274,"name":"Gzong","avatar":"https://static.tigerbbs.com/ab57e9e3bb9415705d707b7525879ebc","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170250025,"type":1,"supId":0,"prevId":0,"content":"buy!","text":"buy!","html":"buy!"}],"langContent":"EN"},{"id":170224513,"gmtCreate":1626438168032,"gmtModify":1703760143387,"author":{"id":"3575593817551674","authorId":"3575593817551674","authorIdStr":"3575593817551674","name":"Lucky03","avatar":"https://static.tigerbbs.com/759e5ab6a4a94b481569511ac2bfe116","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575593817551674"},"htmlText":"Like olease","listText":"Like olease","text":"Like olease","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170224513","repostId":1143386164,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":77,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143386164"}