Oil Set for First Quarterly Drop Since 2020 as Macro Mood Sours

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Oil Set for First Quarterly Drop Since 2020 as Macro Mood Sours

Bloomberg2022-09-30

(Bloomberg) -- Oil headed for its first quarterly loss in more than two years as escalating fears over a global economic slowdown and a stronger dollar overshadowed the prospect for tightening supply....

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Yannyz
·2022-10-01
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PearlynCSY
·2022-10-01
Oil heads for weekly gain as OPEC+ considers output cut. Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell 0.3%, to $88.20 per barrel. The more active December contract was down at $86.91. U.S. West Texas Intermediate (WTI) crude futures declined to trade at $80.72 per barrel. Both contracts rose by more than $1 earlier in the session but pared gains on news that OPEC+ narrowed the amount by which it was considering cutting output to between 500,000 and 1 million barrels per day (bpd), OPEC+ sources told Reuters. An OPEC source put the likely figure closer to 500,000 bpd. ear
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Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell&nbsp;0.3%, to $88.20 per barrel. The more active December contract was down&nbsp;at $86.91. U.S. West Texas Intermediate (WTI) crude futures declined&nbsp;to trade at $80.72 per barrel. Both contracts rose by more than $1 earlier in the session but pared gains on news that OPEC+ narrowed the amount by which it was considering cutting output to between 500,000 and 1 million barrels per day (bpd), OPEC+ sources told Reuters. An OPEC source put the likely figure closer to 500,000 bpd. ear","listText":"Oil heads for weekly gain as OPEC+ considers output cut. Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell&nbsp;0.3%, to $88.20 per barrel. The more active December contract was down&nbsp;at $86.91. U.S. West Texas Intermediate (WTI) crude futures declined&nbsp;to trade at $80.72 per barrel. Both contracts rose by more than $1 earlier in the session but pared gains on news that OPEC+ narrowed the amount by which it was considering cutting output to between 500,000 and 1 million barrels per day (bpd), OPEC+ sources told Reuters. An OPEC source put the likely figure closer to 500,000 bpd. ear","text":"Oil heads for weekly gain as OPEC+ considers output cut. Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell 0.3%, to $88.20 per barrel. The more active December contract was down at $86.91. U.S. West Texas Intermediate (WTI) crude futures declined to trade at $80.72 per barrel. Both contracts rose by more than $1 earlier in the session but pared gains on news that OPEC+ narrowed the amount by which it was considering cutting output to between 500,000 and 1 million barrels per day (bpd), OPEC+ sources told Reuters. An OPEC source put the likely figure closer to 500,000 bpd. ear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":11,"repostSize":0,"link":"https://ttm.financial/post/9916214792","repostId":2271724636,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104170054,"gmtCreate":1664598750018,"gmtModify":1664598753297,"authorId":4100166235001880,"author":{"id":4100166235001880,"authorId":4100166235001880,"name":"奇毅","avatar":"https://static.tigerbbs.com/e4c730a17e42c9365db4bf2e6122b979","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916214792,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":104170041,"gmtCreate":1664598717719,"gmtModify":1664598720904,"authorId":4087619312283300,"author":{"id":4087619312283300,"authorId":4087619312283300,"name":"Pierre0520","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916214792,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"},{"id":104170035,"gmtCreate":1664598703465,"gmtModify":1664598706875,"authorId":4118487116785662,"author":{"id":4118487116785662,"authorId":4118487116785662,"name":"Shirou","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916214792,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\"><span class=\"Apple-converted-space\"> </span>Thx<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\"><span class=\"Apple-converted-space\"> </span>Thx<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\"><span class=\"Apple-converted-space\"> </span>Thx<span class=\"Apple-converted-space\"> </span></span>"},{"id":104170033,"gmtCreate":1664598701586,"gmtModify":1664598704877,"authorId":4125572404867862,"author":{"id":4125572404867862,"authorId":4125572404867862,"name":"DMTrader","avatar":"https://community-static.tradeup.com/news/c7d6217c2624cd542ab07b1b808b5093","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916214792,"type":1,"supId":0,"prevId":0,"content":"✌️","text":"✌️","html":"✌️"},{"id":104170029,"gmtCreate":1664598690770,"gmtModify":1664598694302,"authorId":3564712937580301,"author":{"id":3564712937580301,"authorId":3564712937580301,"name":"Lcc73","avatar":"https://static.tigerbbs.com/72523840e673b42dada1978a1dc74033","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-2","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 30%","bigImgUrl":"https://community-static.tradeup.com/news/50461c8139b6ca50fe2dae19aa769b25","smallImgUrl":"https://community-static.tradeup.com/news/c8eef504853d5a517c50d7a88fa5c1e1","grayImgUrl":"https://community-static.tradeup.com/news/5273727845028b8d9b65556bdcb217b9","redirectLinkEnabled":1,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916214792,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Like</span>","text":"<span class=\"s1\">Like</span>","html":"<span class=\"s1\">Like</span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":49,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}