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2021-02-06
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Oil prices rise to highest in a year on U.S. growth optimism, crude supply restraint
CBR
2021-02-06
。
BlackRock’s Fink Sold $20 Million of Stock After Share Gains
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13:05","market":"fut","language":"en","title":"Oil prices rise to highest in a year on U.S. growth optimism, crude supply restraint","url":"https://stock-news.laohu8.com/highlight/detail?id=1189425388","media":"reuters","summary":"Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a ru","content":"<p>Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.</p>\n<p>“Rising confidence in an upturn in economic and oil demand recovery around the corner is a major impetus for crude,” said Vandana Hari, energy analyst at Vanda Insights.</p>\n<p>“Right now, the concurrent tightening of supply due to the additional Saudi cuts is adding to the tailwinds,” Hari said. “Brent may be well on its way to the $60 milestone.”</p>\n<p>Brent crude futures climbed 40 cents, or 0.7%, to 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The alliance this week reaffirmed its support for deep supply cuts which have helped to bring down swollen global crude stockpiles.</p>\n<p>“And then when we have signs of better economic growth, then it’s up and away (for prices),” said McCarthy.</p>\n<p>Chinese demand for crude oil is also helping support the market, as shown by industry tracking that reports two tankers of North Sea crude oil heading to China for March 22 and March 24, said Axi global market strategist Stephen Innes.</p>\n<p>“When demand drives commodity prices, it has a more bullish impact and leaves a more lasting reflection on price action,” Innes said in a note.</p>","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 prices rise to highest in a year on U.S. growth optimism, crude supply restraint</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 prices rise to highest in a year on U.S. growth optimism, crude supply restraint\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 13:05 GMT+8 <a href=https://www.reuters.com/article/us-global-oil/oil-prices-rise-to-highest-in-a-year-on-u-s-growth-optimism-crude-supply-restraint-idUSKBN2A508I?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by ...</p>\n\n<a href=\"https://www.reuters.com/article/us-global-oil/oil-prices-rise-to-highest-in-a-year-on-u-s-growth-optimism-crude-supply-restraint-idUSKBN2A508I?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-global-oil/oil-prices-rise-to-highest-in-a-year-on-u-s-growth-optimism-crude-supply-restraint-idUSKBN2A508I?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189425388","content_text":"Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.\n“Rising confidence in an upturn in economic and oil demand recovery around the corner is a major impetus for crude,” said Vandana Hari, energy analyst at Vanda Insights.\n“Right now, the concurrent tightening of supply due to the additional Saudi cuts is adding to the tailwinds,” Hari said. “Brent may be well on its way to the $60 milestone.”\nBrent crude futures climbed 40 cents, or 0.7%, to $59.24 a barrel by 0428 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week.\nU.S. West Texas Intermediate (WTI) crude futures jumped 42 cents, or 0.8%, to $56.65 a barrel, after touching a high of $56.84, its top since Jan. 22 last year. The benchmark contract is on track for a weekly gain of nearly 9%, which would be its biggest weekly gain since October.\nIn a sign of tightening crude oil supplies, the six-month backwardation in Brent and WTI futures - when the price for prompt delivery is higher than the price for future delivery - jumped to 13-month highs for both contracts at $2.41 and $2.30 a barrel, respectively.\nMarkets were encouraged by stronger-than-expected orders for U.S. goods in December, pointing to strength in manufacturing, and hopes for swift approval by lawmakers of President Joe Biden’s proposed $1.9 trillion coronavirus aid plan.\n“OPEC+ discipline has been a real positive,” said Michael McCarthy, chief market strategist at CMC Markets, referring to the Organization of the Petroleum Exporting Countries and allies led by Russia. The alliance this week reaffirmed its support for deep supply cuts which have helped to bring down swollen global crude stockpiles.\n“And then when we have signs of better economic growth, then it’s up and away (for prices),” said McCarthy.\nChinese demand for crude oil is also helping support the market, as shown by industry tracking that reports two tankers of North Sea crude oil heading to China for March 22 and March 24, said Axi global market strategist Stephen Innes.\n“When demand drives commodity prices, it has a more bullish impact and leaves a more lasting reflection on price action,” Innes said in a note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389035260,"gmtCreate":1612617728650,"gmtModify":1704873234591,"author":{"id":"3572414448189374","authorId":"3572414448189374","name":"CBR","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572414448189374","authorIdStr":"3572414448189374"},"themes":[],"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389035260","repostId":"2109294027","repostType":4,"repost":{"id":"2109294027","pubTimestamp":1612505810,"share":"https://ttm.financial/m/news/2109294027?lang=&edition=fundamental","pubTime":"2021-02-05 14:16","market":"us","language":"en","title":"BlackRock’s Fink Sold $20 Million of Stock After Share Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=2109294027","media":"Bloomberg","summary":"(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink sold $20 million of stock in the wo","content":"<p>(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink sold $20 million of stock in the world’s largest asset manager, following several divestitures last year.</p>\n<p>Fink disposed of 27,400 shares at an average price of $728.77 on Feb. 2, according to a regulatory filing. The transactions reduced his direct ownership of the company shares by 3.5%.</p>\n<p>The billionaire still owns $560 million of BlackRock stock, according to data compiled by Bloomberg. The company disappointed some investors in January when it said that margin guidance for this year would be the same as last year, adding that it plans to repurpose lower travel expenses into funding for technology and market data investments to support sustainability.</p>\n<p>Fink also sold about $2 million of BlackRock shares last month, a separate filing shows. He offloaded at least $74.4 million of shares by late July last year, following the footsteps of other corporate insiders. Almost 1,000 executives and officers unloaded stock in their own companies that month.</p>\n<p>BlackRock’s Chief Operating Officer Rob Goldstein traded in about $2.8 million of shares of the company this month, according to filings. Executives including Mark Wiedman and Mark McCombe made similar moves in recent days, filings show.</p>\n<p>The company has gained 3% in the past month, with insiders holding 1.29% of total shares, according to data compiled by Bloomberg. A representative for BlackRock didn’t immediately respond to an emailed query.</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>BlackRock’s Fink Sold $20 Million of Stock After Share Gains</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\">\nBlackRock’s Fink Sold $20 Million of Stock After Share Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 14:16 GMT+8 <a href=https://finance.yahoo.com/news/blackrock-fink-sold-20-million-061650018.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink sold $20 million of stock in the world’s largest asset manager, following several divestitures last year.\nFink disposed of 27,400 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-fink-sold-20-million-061650018.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/ca72c18345bd3d30c42a4af5fc2d806a","relate_stocks":{"BLK":"贝莱德"},"source_url":"https://finance.yahoo.com/news/blackrock-fink-sold-20-million-061650018.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2109294027","content_text":"(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink sold $20 million of stock in the world’s largest asset manager, following several divestitures last year.\nFink disposed of 27,400 shares at an average price of $728.77 on Feb. 2, according to a regulatory filing. The transactions reduced his direct ownership of the company shares by 3.5%.\nThe billionaire still owns $560 million of BlackRock stock, according to data compiled by Bloomberg. The company disappointed some investors in January when it said that margin guidance for this year would be the same as last year, adding that it plans to repurpose lower travel expenses into funding for technology and market data investments to support sustainability.\nFink also sold about $2 million of BlackRock shares last month, a separate filing shows. He offloaded at least $74.4 million of shares by late July last year, following the footsteps of other corporate insiders. Almost 1,000 executives and officers unloaded stock in their own companies that month.\nBlackRock’s Chief Operating Officer Rob Goldstein traded in about $2.8 million of shares of the company this month, according to filings. Executives including Mark Wiedman and Mark McCombe made similar moves in recent days, filings show.\nThe company has gained 3% in the past month, with insiders holding 1.29% of total shares, according to data compiled by Bloomberg. A representative for BlackRock didn’t immediately respond to an emailed query.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":389035727,"gmtCreate":1612617767469,"gmtModify":1704873235250,"author":{"id":"3572414448189374","authorId":"3572414448189374","name":"CBR","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572414448189374","authorIdStr":"3572414448189374"},"themes":[],"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389035727","repostId":"1189425388","repostType":4,"repost":{"id":"1189425388","pubTimestamp":1612501510,"share":"https://ttm.financial/m/news/1189425388?lang=&edition=fundamental","pubTime":"2021-02-05 13:05","market":"fut","language":"en","title":"Oil prices rise to highest in a year on U.S. growth optimism, crude supply restraint","url":"https://stock-news.laohu8.com/highlight/detail?id=1189425388","media":"reuters","summary":"Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a ru","content":"<p>Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.</p>\n<p>“Rising confidence in an upturn in economic and oil demand recovery around the corner is a major impetus for crude,” said Vandana Hari, energy analyst at Vanda Insights.</p>\n<p>“Right now, the concurrent tightening of supply due to the additional Saudi cuts is adding to the tailwinds,” Hari said. “Brent may be well on its way to the $60 milestone.”</p>\n<p>Brent crude futures climbed 40 cents, or 0.7%, to $59.24 a barrel by 0428 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week.</p>\n<p>U.S. West Texas Intermediate (WTI) crude futures jumped 42 cents, or 0.8%, to $56.65 a barrel, after touching a high of $56.84, its top since Jan. 22 last year. The benchmark contract is on track for a weekly gain of nearly 9%, which would be its biggest weekly gain since October.</p>\n<p>In a sign of tightening crude oil supplies, the six-month backwardation in Brent and WTI futures - when the price for prompt delivery is higher than the price for future delivery - jumped to 13-month highs for both contracts at $2.41 and $2.30 a barrel, respectively.</p>\n<p>Markets were encouraged by stronger-than-expected orders for U.S. goods in December, pointing to strength in manufacturing, and hopes for swift approval by lawmakers of President Joe Biden’s proposed $1.9 trillion coronavirus aid plan.</p>\n<p>“OPEC+ discipline has been a real positive,” said Michael McCarthy, chief market strategist at CMC Markets, referring to the Organization of the Petroleum Exporting Countries and allies led by Russia. The alliance this week reaffirmed its support for deep supply cuts which have helped to bring down swollen global crude stockpiles.</p>\n<p>“And then when we have signs of better economic growth, then it’s up and away (for prices),” said McCarthy.</p>\n<p>Chinese demand for crude oil is also helping support the market, as shown by industry tracking that reports two tankers of North Sea crude oil heading to China for March 22 and March 24, said Axi global market strategist Stephen Innes.</p>\n<p>“When demand drives commodity prices, it has a more bullish impact and leaves a more lasting reflection on price action,” Innes said in a note.</p>","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 prices rise to highest in a year on U.S. growth optimism, crude supply restraint</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 prices rise to highest in a year on U.S. growth optimism, crude supply restraint\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 13:05 GMT+8 <a href=https://www.reuters.com/article/us-global-oil/oil-prices-rise-to-highest-in-a-year-on-u-s-growth-optimism-crude-supply-restraint-idUSKBN2A508I?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by ...</p>\n\n<a href=\"https://www.reuters.com/article/us-global-oil/oil-prices-rise-to-highest-in-a-year-on-u-s-growth-optimism-crude-supply-restraint-idUSKBN2A508I?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-global-oil/oil-prices-rise-to-highest-in-a-year-on-u-s-growth-optimism-crude-supply-restraint-idUSKBN2A508I?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189425388","content_text":"Singapore (Reuters) - Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.\n“Rising confidence in an upturn in economic and oil demand recovery around the corner is a major impetus for crude,” said Vandana Hari, energy analyst at Vanda Insights.\n“Right now, the concurrent tightening of supply due to the additional Saudi cuts is adding to the tailwinds,” Hari said. “Brent may be well on its way to the $60 milestone.”\nBrent crude futures climbed 40 cents, or 0.7%, to $59.24 a barrel by 0428 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week.\nU.S. West Texas Intermediate (WTI) crude futures jumped 42 cents, or 0.8%, to $56.65 a barrel, after touching a high of $56.84, its top since Jan. 22 last year. The benchmark contract is on track for a weekly gain of nearly 9%, which would be its biggest weekly gain since October.\nIn a sign of tightening crude oil supplies, the six-month backwardation in Brent and WTI futures - when the price for prompt delivery is higher than the price for future delivery - jumped to 13-month highs for both contracts at $2.41 and $2.30 a barrel, respectively.\nMarkets were encouraged by stronger-than-expected orders for U.S. goods in December, pointing to strength in manufacturing, and hopes for swift approval by lawmakers of President Joe Biden’s proposed $1.9 trillion coronavirus aid plan.\n“OPEC+ discipline has been a real positive,” said Michael McCarthy, chief market strategist at CMC Markets, referring to the Organization of the Petroleum Exporting Countries and allies led by Russia. The alliance this week reaffirmed its support for deep supply cuts which have helped to bring down swollen global crude stockpiles.\n“And then when we have signs of better economic growth, then it’s up and away (for prices),” said McCarthy.\nChinese demand for crude oil is also helping support the market, as shown by industry tracking that reports two tankers of North Sea crude oil heading to China for March 22 and March 24, said Axi global market strategist Stephen Innes.\n“When demand drives commodity prices, it has a more bullish impact and leaves a more lasting reflection on price action,” Innes said in a note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389035260,"gmtCreate":1612617728650,"gmtModify":1704873234591,"author":{"id":"3572414448189374","authorId":"3572414448189374","name":"CBR","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572414448189374","authorIdStr":"3572414448189374"},"themes":[],"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389035260","repostId":"2109294027","repostType":4,"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
