EUR/USD 1.16703
-0.002%
Gold 4191.60
-0.273%
Oil 59.061
0.275%
USD/JPY 154.651
-0.368%
GBP/USD 1.33487
-0.027%
GBP/JPY 206.443
-0.382%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 4th - Three sources familiar with the matter revealed that Hungarian oil company MOL has informed US officials of its interest in acquiring the international assets of sanctioned Russian oil giant Lukoil, further expanding the list of bidders. The US imposed sanctions on Russias largest private oil producer in October as part of efforts to pressure Moscow to end the conflict in Ukraine, forcing Lukoil to announce the sale of overseas assets. Sources said that after the US rejected Swiss commodities trader Gunwo as a buyer, Lukoil is in talks with US oil giants ExxonMobil and Chevron, as well as Middle Eastern investors. The current US deadline is December 13th. One of the three sources indicated that MOL hopes to acquire Lukoils refineries and gas stations in Europe, as well as a stake in its production assets in Kazakhstan and Azerbaijan. One source said that Hungarian Prime Minister Viktor Orbán, a long-time ally of US President Trump, discussed MOLs plans during a meeting with Trump in November.TD Bank: The global economy may slow down in 2025, exacerbated by trade barriers.On December 4th, the UK announced a new round of sanctions against Russia, including against the Main Intelligence Directorate of the General Staff of the Russian Armed Forces (GRU). This comes after the release of a public inquiry report on the death of a woman from Novichok nerve agent poisoning. The UK also summoned the Russian ambassador due to Moscows "continued hostilities." The investigation concluded that Russian President Vladimir Putin must have ordered the nerve agent attack on Russian double agent Sergei Skripal in 2018, which resulted in the death of an innocent woman, Don Sturgess. British Prime Minister Keir Starmer stated in a government statement: "Todays findings are a stark reminder of the Kremlins disregard for innocent lives."The Challenger job cut rate in the U.S. was 23.5% in November, compared with 175.30% in the previous month.The number of Challenger job cuts in the U.S. in November will be released in ten minutes.

Look at $81.62 on NYMEX crude oil

Oct 26, 2021 11:01

On Monday (October 11), international oil prices rose, continuing the previous seven-week streak. Due to supply restrictions by major producing countries, and as economies try to recover from the new crown epidemic, demand for fuel continues to grow. NYMEX crude oil looks at US$81.62 in the market outlook

GMT+8 13:36, NYMEX crude oil futures rose 1.95% to 80.90 US dollars / barrel; ICE Brent crude oil futures rose 1.54% to 83.66 US dollars / barrel. The two cities respectively refreshed their highs since October 31, 2014 to US$81.02/barrel and their highs since October 10, 2018 to US$83.80/barrel.


As more people who have been vaccinated get rid of the lockdown, economic recovery is gaining momentum, and coal and natural gas prices have soared, making oil more attractive as a fuel for power generation, driving the oil market higher. The two major crude oil markets have been rising for seven consecutive weeks.

But as US inventories have increased again after the recent decline, oil prices may begin to falter. Caroline Bain, chief commodity analyst at Capital Investment Macros, said in a report: "We believe that crude oil prices will not rise sharply this quarter, and we still expect a gradual decline next year."

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74 and broke through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and the ((3)) wave 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in five upward waves starting from 74.97 US dollars, and the upper resistance looks to the 138.2% target of 81.62 US dollars. Wave 5 is a sub-wave of the upward (1) wave that started at $61.74. (1) Waves are the sub-waves of ((3)) waves.

Suggestion