Oil Heads for Worst Week Since May as OPEC+ Feuds, Delta Spreads

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Oil Heads for Worst Week Since May as OPEC+ Feuds, Delta Spreads

Bloomberg2021-07-09

Oil headed for the biggest weekly loss since May as a dispute between Saudi Arabia and the United Arab Emirates clouded the outlook for supply just as the spread of the delta virus variant sapped risk...

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Yuan28
·2021-07-09
Oil and gas demand bounce back
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3
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ac1887
·2021-07-09
good
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AAKM
·2021-07-09
Direction will be up
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hello369
·2021-07-09
Please like and comment
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2
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Wins888
·2021-07-09
all manipulated
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OldYee
·2021-07-09
Well oil has come some way up.... May need some adjustments and wait for new development....
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pin123
·2021-07-09
Hi
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kerukel88
·2021-07-09
Ok
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WMIING
·2021-07-09
Like and comment pls ty
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- kerukel88:
  Ok
  2021-07-09
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- szueyann:
  ok
  2021-07-09
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A stronger dollar and investors backtracking onreflation betshave also weighed on the outlook for crude.\n\nThe drop for WTI over the week came despite official data on Thursday that showed another fall in U.S. crude stockpiles, as well as record fuel demand. Nationwide oil holdings have shrunk to the lowest since February 2020 as activity picks up with the rollout of vaccines to combat the pandemic.\nAfter an 11% gain last month, July has been more challenging for oil, driven by uncertainties for both supply and demand. While the dispute at the Organization of Petroleum Exporting Countries may prompt the cartel and its allies to leave output steady in August, there’s also scope for members adding barrels unilaterally. At the same time, reopenings in the U.S. and Europe are aiding energy consumption, but rising infections from the delta strain pose a risk.\nSponsored ContentWhy Stakeholder Capitalism Is Becoming More Relevant In JapanYokogawa\n“What we are seeing in the oil market is in tandem with the overall softening of global risk sentiment,” said Howie Lee, an economist at Oversea-Chinese Banking Corp., adding that he’s sticking to a bullish view on crude. “OPEC+ may or may not come back to the table but the possibility of a full-out price war, that we saw last year, is low.”\n\n\n\n\nPRICES:\n\n\n\n\nWTI for August delivery climbed 0.3% at $73.18 a barrel on the New York Mercantile Exchange at 7:16 a.m. in London.\nBrent for September settlement rose 0.3% to $74.31 a barrel on the ICE Futures Europe exchange.\n\n\n\n\nOPEC+ members are stalled over the question of how to increase supply in August and subsequent months. So far, the UAE hasblocked the agreementin a bid to raise its own production quota after investing in new capacity.\nThe market’s pricing patterns still suggest tightness. Brent’s prompt timespread was 84 cents a barrel in backwardation, with near-term prices above those further out. That compares with 47 cents a month earlier. Year-to-date, the global oil benchmark has rallied 43%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":141099668,"gmtCreate":1625822188154,"gmtModify":1703749257921,"author":{"id":"4087277121485010","authorId":"4087277121485010","name":"Yuan28","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087277121485010","authorIdStr":"4087277121485010"},"htmlText":"Oil and gas demand bounce back","listText":"Oil and gas demand bounce back","text":"Oil and gas demand bounce back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141099668","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141000558,"gmtCreate":1625821333674,"gmtModify":1703749240888,"author":{"id":"3585352116267703","authorId":"3585352116267703","name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585352116267703","authorIdStr":"3585352116267703"},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141000558","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143778091,"gmtCreate":1625820895913,"gmtModify":1703749230431,"author":{"id":"3582532991210786","authorId":"3582532991210786","name":"AAKM","avatar":"https://static.tigerbbs.com/986766e044925a37bfc5a44e0bcaa590","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582532991210786","authorIdStr":"3582532991210786"},"htmlText":"Direction will be up&nbsp;","listText":"Direction will be up&nbsp;","text":"Direction will be up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143778091","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143771657,"gmtCreate":1625820873779,"gmtModify":1703749229290,"author":{"id":"3581346389720502","authorId":"3581346389720502","name":"hello369","avatar":"https://static.tigerbbs.com/6f472aef15b4385af1feba4d7bd16e06","vip":1,"hat":"https://static.tigerbbs.com/d54f48232ec41d764838ad8d7c381060","crmLevel":1,"crmLevelSwitch":0,"idStr":"3581346389720502","authorIdStr":"3581346389720502"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143771657","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143742590,"gmtCreate":1625820513210,"gmtModify":1703749220295,"author":{"id":"3573623994106312","authorId":"3573623994106312","name":"Wins888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573623994106312","authorIdStr":"3573623994106312"},"htmlText":"all manipulated","listText":"all manipulated","text":"all manipulated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143742590","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143757760,"gmtCreate":1625820027650,"gmtModify":1703749210309,"author":{"id":"4087988953652370","authorId":"4087988953652370","name":"OldYee","avatar":"https://static.tigerbbs.com/5c23051d333adc2bd3e4ab06bd2068ce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087988953652370","authorIdStr":"4087988953652370"},"htmlText":"Well oil has come some way up.... May need some adjustments and wait for new development....","listText":"Well oil has come some way up.... May need some adjustments and wait for new development....","text":"Well oil has come some way up.... May need some adjustments and wait for new development....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143757760","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143763606,"gmtCreate":1625818762005,"gmtModify":1703749170260,"author":{"id":"3573107359557183","authorId":"3573107359557183","name":"pin123","avatar":"https://static.tigerbbs.com/00292bc4b19eb7c5d956c4d02afe5983","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573107359557183","authorIdStr":"3573107359557183"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143763606","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143788390,"gmtCreate":1625818358310,"gmtModify":1703749157429,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143788390","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143789717,"gmtCreate":1625818201839,"gmtModify":1703749154145,"author":{"id":"3554213821224025","authorId":"3554213821224025","name":"WMIING","avatar":"https://static.tigerbbs.com/39217f40d9dc4a9a15fac00f34f63d83","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554213821224025","authorIdStr":"3554213821224025"},"htmlText":"Like and comment pls ty","listText":"Like and comment pls ty","text":"Like and comment pls ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/143789717","repostId":1127143001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5170597,"gmtCreate":1625818354267,"gmtModify":1663230756340,"authorId":3580376639553291,"author":{"id":3580376639553291,"idStr":"3580376639553291","authorId":3580376639553291,"name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":143789717,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5170675,"gmtCreate":1625818820994,"gmtModify":1663230753740,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":143789717,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":80,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}