热门标签

线上博彩网址:Oil slumps on fears over economic slowdown, stronger dollar

时间:2周前   阅读:2   评论:1

皇冠买球网址www.hg108.vip)是皇冠体育官网线上直营平台。皇冠买球网址面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠买球网址可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

TOKYO: Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure.

Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel by 0458 GMT.

U.S. West Texas Intermediate (WTI) crude futures for September delivery, due to expire on Monday, were down $1.24, or 1.4%, at $89.53 a barrel. The more active October contract was at $89.27, down $1.17, or 1.3%.

Both Brent and WTI climbed for a third straight day on Friday, but fell about 1.5% for the week on a stronger dollar and demand fears.

"Growing fears over a global economic slowdown are behind the fall in oil markets," said Tatsufumi Okoshi, senior economist at Nomura Securities.

"A higher U.S. dollar also prompted fresh selling," he said.

The dollar index rose to a five-week high on Monday after Richmond Fed President Thomas Barkin said the "urge" among central bankers was towards faster, front-loaded interest rate increases.

,

线上博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。线上博彩网址上线上博彩网址会员登录线路、线上博彩网址代理网址更新最快。线上博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

A stronger dollar makes oil more expensive for buyers in other currencies.

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.

The Fed is seen as having more room to hike rates than central banks of other large economies which are more fragile.

Prices also fell on worries over slowing fuel demand in China, the world's largest oil importer, because of a power crunch in the southwest caused by a heatwave.

"China's power restriction in some regions is also a concern as it could affect economic activity," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

China's southwestern province of Sichuan will extend curbs on industrial power consumers until Aug. 25 as it tries to deal with dwindling hydropower output and surging household electricity demand following a long heatwave, financial news service Caixin said.

In a sign of overall concern about the Chinese economy, Beijing cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, to revive an economy hobbled by a property crisis and a resurgence of COVID cases.

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, though no further details were provided. - Reuters


转载说明:本文转载自Sunbet。

上一篇:erc20转换trc20(www.u2u.it):Tencent plans to divest US$24bil Meituan stake - sources

下一篇:皇冠体育官网:曾沉沦毒海患乳癌 Marianne Faithfull 靠音乐重生

网友评论