good//@robot1234: Oil pares lo

2022-08-23

Oil pares losses after Saudi oilmin says OPEC+ has options including cuts. Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday, after Saudi energy minister said OPEC+ could cut production to confront market challenges.

Brent crude futures for October settlement fell 0.5%, to $96.28 a barrel. It had fallen as much as 4.5% earlier in the day, breaking a streak of three days of gains.

Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has the commitment, the flexibility, and the means to deal with challenges and provide guidance including cutting production at any time and in different forms, state news agency SPA reported.

Earlier in the session, worries that aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand had pushed down price.

dent fuel demand had pushed down price.

“The near term fundamentals seem more to the bears until we see some positive economic indications either out of the U.S. or China, which is looking unlikely,” said Dennis Kissler, senior vice president of trading at BOK Financial.

Oil Once Fell 4% on Concerns Economic Slowdown May Dent Fuel Demand

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Comments

Lynn098
2022-08-23
Lynn098
Looks like Biden's visit to Saudi has not yield the desired result to curb oil price and choke off Russian's economy. Time to be bullish on oil
whitewolf69
2022-08-23
whitewolf69
thanks for the read
drandy
2022-08-23
drandy
thanks for sharing 👍
Fayt
2022-08-23
Fayt
sharing for coins
Nglt23
2022-08-23
Nglt23
Thks for sharing
ccy1122
2022-08-23
ccy1122
[OK] [OK] [OK] [Like] [Like] [Like]

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Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday, after Saudi energy minister said OPEC+ could cut production to confront market challenges.Brent crude futures for October settlement fell&nbsp;0.5%, to $96.28 a barrel.&nbsp;It had fallen as much as 4.5% earlier in the day, breaking a streak of three days of gains. Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has the commitment, the flexibility, and the means to deal with challenges and provide guidance including cutting production at any time and in different forms, state news agency SPA reported.Earlier in the session, worries that aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand had pushed down price. dent fuel demand had pushed down price.“The near term fundamentals seem more to the bears until we see some positive economic indications either out of the U.S. or China, which is looking unlikely,” said Dennis Kissler, senior vice president of trading at BOK Financial.</body></html>","htmlText":"<html><head></head><body>good//<a href=\"https://laohu8.com/U/3561596430587504\">@robot1234</a>:Oil pares losses after Saudi oilmin says OPEC+ has options including cuts. Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday, after Saudi energy minister said OPEC+ could cut production to confront market challenges.Brent crude futures for October settlement fell&nbsp;0.5%, to $96.28 a barrel.&nbsp;It had fallen as much as 4.5% earlier in the day, breaking a streak of three days of gains. Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has the commitment, the flexibility, and the means to deal with challenges and provide guidance including cutting production at any time and in different forms, state news agency SPA reported.Earlier in the session, worries that aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand had pushed down price. dent fuel demand had pushed down price.“The near term fundamentals seem more to the bears until we see some positive economic indications either out of the U.S. or China, which is looking unlikely,” said Dennis Kissler, senior vice president of trading at BOK Financial.</body></html>","text":"good//@robot1234: Oil pares losses after Saudi oilmin says OPEC+ has options including cuts. Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday, after Saudi energy minister said OPEC+ could cut production to confront market challenges. 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Earlier in the session, worries that aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand had pushed down price. dent fuel demand had pushed down price. “The near term fundamentals seem more to the bears until we see some positive economic indications either out of the U.S. or China, which is looking unlikely,” said Dennis Kissler, senior vice president of trading at BOK Financial.","highlighted":2,"essential":1,"paper":1,"likeSize":203,"commentSize":0,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/9996455563","repostId":1120183220,"repostType":4,"repost":{"id":"1120183220","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1661179311,"share":"https://www.laohu8.com/m/news/1120183220?lang=&edition=full","pubTime":"2022-08-22 22:41","market":"fut","language":"en","title":"Oil Once Fell 4% on Concerns Economic Slowdown May Dent Fuel Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1120183220","media":"Reuters","summary":"LONDON, Aug 22 (Reuters) - Oil prices fell on Monday in volatile trading, ending three days of gains","content":"<html><head></head><body>LONDON, Aug 22 (Reuters) - Oil prices fell on Monday in volatile trading, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.Brent crude futures for October settlement fell $3.99, or 4.1%, to $92.73 a barrel by 1411 GMT.U.S. West Texas Intermediate (WTI) crude for September delivery - due to expire on Monday - was down $3.77, or 4.1%, at $87. 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The more active October contract was down $3.73 cents, or 4.1%, at $86.71.&#34;Choppy trade continues. There remain many factors influencing the oil price right now from a tight market to a diminishing growth outlook and a potential Iran nuclear deal,&#34; said Craig Erlam, senior market analyst at OANDA.&#34;We could see WTI remain choppy around $90 and Brent hover above $92 for a little while longer yet.&#34;Pressuring prices were worries over slowing fuel demand in China, the world&#39;s largest oil importer, partly because of a power crunch in the southwest.Beijing cut its benchmark lending rate on Monday as part of measures to revive an economy hobbled by a property crisis and a resurgence of COVID-19 cases.Also pushing down prices, the dollar index rose to a five-week high on Monday. A stronger U.S. currency is generally bearish for the market because much of the world&#39;s oil trade is conducted in dollars.Investors will be paying close attention to comments by Fed Chair Jerome Powell when he addresses an annual global central banking conference in Jackson Hole, Wyoming, on Friday.Meanwhile, the leaders of the United States, Britain, France and Germany discussed efforts to revive the 2015 Iran nuclear deal, the White House said on Sunday, which could allow sanctioned Iranian oil to return to global markets.High natural gas prices exacerbated by reduced supply from Russia is strengthening oil demand, said Ole Hansen, head of commodity strategy at Saxo Bank.&#34;While funds continued to sell crude oil in anticipation of an economic slowdown, the refined product market was sending another signal with refinery margins on the rise again, partly due to surging gas prices making refined alternatives, such as diesel, look cheap,&#34; Hansen said.Supply worldwide remains relatively tight, with the operator of a pipeline supplying about 1% of global oil via Russia saying it will reduce output again because of damaged equipment.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120183220","content_text":"LONDON, Aug 22 (Reuters) - Oil prices fell on Monday in volatile trading, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.Brent crude futures for October settlement fell $3.99, or 4.1%, to $92.73 a barrel by 1411 GMT.U.S. West Texas Intermediate (WTI) crude for September delivery - due to expire on Monday - was down $3.77, or 4.1%, at $87. The more active October contract was down $3.73 cents, or 4.1%, at $86.71.\"Choppy trade continues. There remain many factors influencing the oil price right now from a tight market to a diminishing growth outlook and a potential Iran nuclear deal,\" said Craig Erlam, senior market analyst at OANDA.\"We could see WTI remain choppy around $90 and Brent hover above $92 for a little while longer yet.\"Pressuring prices were worries over slowing fuel demand in China, the world's largest oil importer, partly because of a power crunch in the southwest.Beijing cut its benchmark lending rate on Monday as part of measures to revive an economy hobbled by a property crisis and a resurgence of COVID-19 cases.Also pushing down prices, the dollar index rose to a five-week high on Monday. A stronger U.S. currency is generally bearish for the market because much of the world's oil trade is conducted in dollars.Investors will be paying close attention to comments by Fed Chair Jerome Powell when he addresses an annual global central banking conference in Jackson Hole, Wyoming, on Friday.Meanwhile, the leaders of the United States, Britain, France and Germany discussed efforts to revive the 2015 Iran nuclear deal, the White House said on Sunday, which could allow sanctioned Iranian oil to return to global markets.High natural gas prices exacerbated by reduced supply from Russia is strengthening oil demand, said Ole Hansen, head of commodity strategy at Saxo Bank.\"While funds continued to sell crude oil in anticipation of an economic slowdown, the refined product market was sending another signal with refinery margins on the rise again, partly due to surging gas prices making refined alternatives, such as diesel, look cheap,\" Hansen said.Supply worldwide remains relatively tight, with the operator of a pipeline supplying about 1% of global oil via Russia saying it will reduce output again because of damaged equipment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":3627,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":939,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103553462,"commentId":"103553462","gmtCreate":1661213789460,"gmtModify":1663257085437,"authorId":4098071185322490,"author":{"id":4098071185322490,"idStr":"4098071185322490","authorId":4098071185322490,"name":"Lynn098","avatar":"https://static.itradeup.com/news/3597fa2f7b2f99b627545d626f3746b1","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.06","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9996455563,"objectIdStr":"9996455563","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Looks like Biden's visit to Saudi has not yield the desired result to curb oil price and choke off Russian's economy. Time to be bullish on oil","text":"Looks like Biden's visit to Saudi has not yield the desired result to curb oil price and choke off Russian's economy. Time to be bullish on oil","html":"Looks like Biden's visit to Saudi has not yield the desired result to curb oil price and choke off Russian's economy. Time to be bullish on oil","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103554283,"commentId":"103554283","gmtCreate":1661215053850,"gmtModify":1663257089740,"authorId":4108085104061740,"author":{"id":4108085104061740,"idStr":"4108085104061740","authorId":4108085104061740,"name":"whitewolf69","avatar":"https://static.itradeup.com/news/9eef01712557c2292d304f7424b90b6a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 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read","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103554145,"commentId":"103554145","gmtCreate":1661214808706,"gmtModify":1663257088931,"authorId":4095290035440230,"author":{"id":4095290035440230,"idStr":"4095290035440230","authorId":4095290035440230,"name":"drandy","avatar":"https://static.tigerbbs.com/9c3b0d3ef013fc8f24f03b7e33f60e76","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 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👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103554008,"commentId":"103554008","gmtCreate":1661214590774,"gmtModify":1661214594706,"authorId":3574845847805525,"author":{"id":3574845847805525,"idStr":"3574845847805525","authorId":3574845847805525,"name":"Fayt","avatar":"https://static.tigerbbs.com/00adf1c0a50272fc95c2d547605aa181","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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coins","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103553724,"commentId":"103553724","gmtCreate":1661214293947,"gmtModify":1661214298499,"authorId":4088051007327060,"author":{"id":4088051007327060,"idStr":"4088051007327060","authorId":4088051007327060,"name":"Nglt23","avatar":"https://community-static.tradeup.com/news/afd62c468d62bc3e931e0207b3b5744b","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9996455563,"objectIdStr":"9996455563","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thks for sharing","text":"Thks for sharing","html":"Thks for sharing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103553235,"commentId":"103553235","gmtCreate":1661213396507,"gmtModify":1663257085384,"authorId":4103860021943040,"author":{"id":4103860021943040,"idStr":"4103860021943040","authorId":4103860021943040,"name":"ccy1122","avatar":"https://static.itradeup.com/news/562c0e01bcfc63800f64741051cd9dbe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9996455563,"objectIdStr":"9996455563","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"[OK] [OK] [OK] [Like] [Like] [Like]","text":"[OK] [OK] [OK] [Like] [Like] [Like]","html":"[OK] [OK] [OK] [Like] [Like] [Like]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9996455563"}