Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment

FX Empire2021-02-01

Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility. While events surrounding COVID-19 are primarily controlling the price action, last ...

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Comments

Lzoakz
2021-02-02
Lzoakz
Oil down
- Lzoakz:
  Agreed!
- killuz:
  Don't be too sure yet
Bodoh
2021-02-02
Bodoh
Why consume so much?
TONGYK
2021-02-02
TONGYK
Train is moving soon..
Chororo
2021-02-01
Chororo
Oil price doing good
Cuiluan
2021-02-01
Cuiluan
[財迷]
Cuiluan
2021-02-01
Cuiluan
?

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}\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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.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":"BKR","symbol_name":"贝克休斯","start_time":0,"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","article_id":"2108127392","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","pubTimestamp":1612165267,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BKR":"贝克休斯"},"translate_title":"油价基本面周预测-COVID-19担忧，疫苗问题打压人气","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKR":0.9},"content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":315896819,"gmtCreate":1612228659431,"gmtModify":1704868461466,"author":{"id":"3571099496073631","authorId":"3571099496073631","name":"Lzoakz","avatar":"https://static.tigerbbs.com/1b25fe5f61dfcb3947c3347cb6e1bd6f","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Oil down","listText":"Oil down","text":"Oil down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/315896819","repostId":2108127392,"repostType":4,"repost":{"id":"2108127392","pubTimestamp":1612165267,"share":"https://www.laohu8.com/m/news/2108127392?lang=&edition=full","pubTime":"2021-02-01 15:41","market":"fut","language":"en","title":"Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","media":"FX Empire","summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","content":"<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.</p>\n<p>While events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.</p>\n<p>Traders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.</p>\n<p>Demand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.</p>\n<p>We could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.</p>\n<p>A short-term correction would probably be welcomed by those who missed the rally, which began in October.</p>\n<p>Last week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.</p>\n<h2>US Energy Information Administration Weekly Inventories Report</h2>\n<p>According to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.</p>\n<p>U.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.</p>\n<p>Distillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.</p>\n<h2>US Oil and Gas Rig Count Rises in January for Sixth Month:&nbsp; Baker Hughes</h2>\n<p>U.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.</p>\n<p>The oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.</p>\n<p>The 10-weeks of gain is the longest streak of increases since June 2018.</p>\n<p>Despite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.</p>\n<p>The big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.</p>\n<h2>Weekly Forecast</h2>\n<p>WTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.</p>\n<p>An uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.</p>\n<p>The emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.</p>","source":"yahoofinance","collect":0,"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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment</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; 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}\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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108127392","content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3466837,"gmtCreate":1612264788990,"gmtModify":1680775334898,"authorId":3571099496073631,"author":{"id":3571099496073631,"authorId":3571099496073631,"name":"Lzoakz","avatar":"https://static.tigerbbs.com/1b25fe5f61dfcb3947c3347cb6e1bd6f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":315896819,"type":1,"supId":3466834,"prevId":0,"content":"Agreed!","text":"Agreed!","html":"Agreed!"},{"id":3466834,"gmtCreate":1612264763626,"gmtModify":1680775333640,"authorId":3571731917050098,"author":{"id":3571731917050098,"authorId":3571731917050098,"name":"killuz","avatar":"https://static.tigerbbs.com/f2f7506133b4298111ecff9ef46ff33c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.59%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":315896819,"type":1,"supId":0,"prevId":0,"content":"Don't be too sure <u>yet</u>","text":"Don't be too sure <u>yet</u>","html":"Don't be too sure <u>yet</u>"}],"langContent":"EN"},{"id":315171135,"gmtCreate":1612226524927,"gmtModify":1704868434878,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Why consume so much?","listText":"Why consume so much?","text":"Why consume so much?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315171135","repostId":2108127392,"repostType":4,"repost":{"id":"2108127392","pubTimestamp":1612165267,"share":"https://www.laohu8.com/m/news/2108127392?lang=&edition=full","pubTime":"2021-02-01 15:41","market":"fut","language":"en","title":"Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","media":"FX Empire","summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","content":"<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.</p>\n<p>While events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.</p>\n<p>Traders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.</p>\n<p>Demand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.</p>\n<p>We could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.</p>\n<p>A short-term correction would probably be welcomed by those who missed the rally, which began in October.</p>\n<p>Last week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.</p>\n<h2>US Energy Information Administration Weekly Inventories Report</h2>\n<p>According to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.</p>\n<p>U.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.</p>\n<p>Distillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.</p>\n<h2>US Oil and Gas Rig Count Rises in January for Sixth Month:&nbsp; Baker Hughes</h2>\n<p>U.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.</p>\n<p>The oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.</p>\n<p>The 10-weeks of gain is the longest streak of increases since June 2018.</p>\n<p>Despite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.</p>\n<p>The big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.</p>\n<h2>Weekly Forecast</h2>\n<p>WTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.</p>\n<p>An uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.</p>\n<p>The emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.</p>","source":"yahoofinance","collect":0,"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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment</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; 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}\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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108127392","content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":315149261,"gmtCreate":1612225590553,"gmtModify":1704868420012,"author":{"id":"3575158517410015","authorId":"3575158517410015","name":"TONGYK","avatar":"https://static.tigerbbs.com/28d37c90265e363b003f2fd49bc23a47","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Train is moving soon..","listText":"Train is moving soon..","text":"Train is moving soon..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315149261","repostId":2108127392,"repostType":4,"repost":{"id":"2108127392","pubTimestamp":1612165267,"share":"https://www.laohu8.com/m/news/2108127392?lang=&edition=full","pubTime":"2021-02-01 15:41","market":"fut","language":"en","title":"Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","media":"FX Empire","summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","content":"<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.</p>\n<p>While events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.</p>\n<p>Traders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.</p>\n<p>Demand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.</p>\n<p>We could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.</p>\n<p>A short-term correction would probably be welcomed by those who missed the rally, which began in October.</p>\n<p>Last week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.</p>\n<h2>US Energy Information Administration Weekly Inventories Report</h2>\n<p>According to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.</p>\n<p>U.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.</p>\n<p>Distillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.</p>\n<h2>US Oil and Gas Rig Count Rises in January for Sixth Month:&nbsp; Baker Hughes</h2>\n<p>U.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.</p>\n<p>The oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.</p>\n<p>The 10-weeks of gain is the longest streak of increases since June 2018.</p>\n<p>Despite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.</p>\n<p>The big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.</p>\n<h2>Weekly Forecast</h2>\n<p>WTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.</p>\n<p>An uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.</p>\n<p>The emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.</p>","source":"yahoofinance","collect":0,"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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment</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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108127392","content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":315909694,"gmtCreate":1612191979018,"gmtModify":1704868074472,"author":{"id":"3548890322785063","authorId":"3548890322785063","name":"Chororo","avatar":"https://static.tigerbbs.com/0cbcbb673621a63bd8bb2f8219eded23","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Oil price doing good","listText":"Oil price doing good","text":"Oil price doing good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315909694","repostId":2108127392,"repostType":4,"repost":{"id":"2108127392","pubTimestamp":1612165267,"share":"https://www.laohu8.com/m/news/2108127392?lang=&edition=full","pubTime":"2021-02-01 15:41","market":"fut","language":"en","title":"Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","media":"FX Empire","summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","content":"<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.</p>\n<p>While events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.</p>\n<p>Traders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.</p>\n<p>Demand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.</p>\n<p>We could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.</p>\n<p>A short-term correction would probably be welcomed by those who missed the rally, which began in October.</p>\n<p>Last week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.</p>\n<h2>US Energy Information Administration Weekly Inventories Report</h2>\n<p>According to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.</p>\n<p>U.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.</p>\n<p>Distillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.</p>\n<h2>US Oil and Gas Rig Count Rises in January for Sixth Month:&nbsp; Baker Hughes</h2>\n<p>U.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.</p>\n<p>The oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.</p>\n<p>The 10-weeks of gain is the longest streak of increases since June 2018.</p>\n<p>Despite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.</p>\n<p>The big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.</p>\n<h2>Weekly Forecast</h2>\n<p>WTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.</p>\n<p>An uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.</p>\n<p>The emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.</p>","source":"yahoofinance","collect":0,"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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment</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; 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}\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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108127392","content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":312471790,"gmtCreate":1612179036910,"gmtModify":1704867803515,"author":{"id":"3572592153317675","authorId":"3572592153317675","name":"Cuiluan","avatar":"https://static.tigerbbs.com/6081fb4b5ab84dec716a63691ea6919b","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312471790","repostId":2108127392,"repostType":4,"repost":{"id":"2108127392","pubTimestamp":1612165267,"share":"https://www.laohu8.com/m/news/2108127392?lang=&edition=full","pubTime":"2021-02-01 15:41","market":"fut","language":"en","title":"Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","media":"FX Empire","summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","content":"<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.</p>\n<p>While events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.</p>\n<p>Traders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.</p>\n<p>Demand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.</p>\n<p>We could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.</p>\n<p>A short-term correction would probably be welcomed by those who missed the rally, which began in October.</p>\n<p>Last week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.</p>\n<h2>US Energy Information Administration Weekly Inventories Report</h2>\n<p>According to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.</p>\n<p>U.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.</p>\n<p>Distillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.</p>\n<h2>US Oil and Gas Rig Count Rises in January for Sixth Month:&nbsp; Baker Hughes</h2>\n<p>U.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.</p>\n<p>The oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.</p>\n<p>The 10-weeks of gain is the longest streak of increases since June 2018.</p>\n<p>Despite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.</p>\n<p>The big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.</p>\n<h2>Weekly Forecast</h2>\n<p>WTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.</p>\n<p>An uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.</p>\n<p>The emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.</p>","source":"yahoofinance","collect":0,"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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment</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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108127392","content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":312471999,"gmtCreate":1612178986611,"gmtModify":1704867802368,"author":{"id":"3572592153317675","authorId":"3572592153317675","name":"Cuiluan","avatar":"https://static.tigerbbs.com/6081fb4b5ab84dec716a63691ea6919b","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312471999","repostId":2108127392,"repostType":4,"repost":{"id":"2108127392","pubTimestamp":1612165267,"share":"https://www.laohu8.com/m/news/2108127392?lang=&edition=full","pubTime":"2021-02-01 15:41","market":"fut","language":"en","title":"Oil Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=2108127392","media":"FX Empire","summary":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impend","content":"<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.</p>\n<p>While events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.</p>\n<p>Traders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.</p>\n<p>Demand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.</p>\n<p>We could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.</p>\n<p>A short-term correction would probably be welcomed by those who missed the rally, which began in October.</p>\n<p>Last week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.</p>\n<h2>US Energy Information Administration Weekly Inventories Report</h2>\n<p>According to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.</p>\n<p>U.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.</p>\n<p>Distillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.</p>\n<h2>US Oil and Gas Rig Count Rises in January for Sixth Month:&nbsp; Baker Hughes</h2>\n<p>U.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.</p>\n<p>The oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.</p>\n<p>The 10-weeks of gain is the longest streak of increases since June 2018.</p>\n<p>Despite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.</p>\n<p>The big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.</p>\n<h2>Weekly Forecast</h2>\n<p>WTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.</p>\n<p>An uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.</p>\n<p>The emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.</p>","source":"yahoofinance","collect":0,"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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment</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; 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}\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 Price Fundamental Weekly Forecast – COVID-19 Worries, Vaccine Issues Weighing on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e33ea8d8f4107b2d0d176682229137","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-235917257.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108127392","content_text":"Three weeks of sideways trading and an inside move last week suggests investor indecision and impending volatility.\nWhile events surrounding COVID-19 are primarily controlling the price action, last week, traders were introduced to other variables such as the strength of the U.S. Dollar, which weighed on foreign demand and a battle between small speculators and goliath hedge funds in the stock market, which could force the latter to liquidate their long crude positions.\nTraders seemed to shrug off the EIA data, which represents the past, while looking at the future. Furthermore, crude inventories dropped sharply, but gasoline stockpiles rose.\nDemand in Europe and Asia is especially being monitored as contagious variants of the coronavirus drive a rise in COVID-19 infections and a slower rollout of vaccines in Europe and travel curbs in China are expected to limit fuel consumption.\nWe could see some short-term weakness, but bullish traders seem to be convinced that the OPEC+ production cuts are likely to continue to provide longer-term support.\nA short-term correction would probably be welcomed by those who missed the rally, which began in October.\nLast week, March WTI crude oil futures settled at $52.20, down $0.07 or -0.13% and April Brent crude oil finished at $55.04, down $0.21 or -0.38%.\nUS Energy Information Administration Weekly Inventories Report\nAccording to the EIA, U.S. crude oil stockpiles fell by nearly 10 million barrels the week-ending January 22 to their lowest since March 2020.\nU.S. gasoline stocks rose by 2.5 million barrels to 247.7 million barrels, the EIA said, compared with expectations for a 1.8 million-barrel rise.\nDistillate stockpiles, which include diesel and heating oil, fell by 815,000 barrels in the week, versus expectations for a 361,000-barrel drop.\nUS Oil and Gas Rig Count Rises in January for Sixth Month:  Baker Hughes\nU.S. energy firms last week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices.\nThe oil and gas rig count, an early indicator of future output, rose six to 384 in the week to January 29, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday.\nThe 10-weeks of gain is the longest streak of increases since June 2018.\nDespite gains in recent months, that count is still 406 rigs, or 51%, below this time last year. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940.\nThe big count was up for a sixth month in a row, gaining 33 in January, the biggest rise since October.\nWeekly Forecast\nWTI and Brent crude oil prices could drift around current levels this week on concerns over a slow recovery caused by unexpected issues with the vaccine rollouts. However, once these issues are overcome, the recovery should begin to gain traction into end-2021.\nAn uptick in economic and travel activity fueled by COVID-19 vaccines could accelerate in the second half, a Reuters surveyed showed, but the recovery will take time.\nThe emergence of new virus strains, renewed lockdowns and logistical hurdles facing vaccine roll-outs also prompted the International Energy Agency to lower its 2021 demand outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":23,"commentSize":14,"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":"4.24.2","shortVersion":"4.24.2","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/2108127392"}