EUR/USD 1.04172
-0.127%
Gold 2752.03
0.263%
Oil 75.667
-0.141%
USD/JPY 155.821
0.197%
GBP/USD 1.23419
-0.114%
GBP/JPY 192.316
0.132%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to a CNBC survey on January 22, 18 of 19 economists expect the Bank of Japan to raise its benchmark interest rate by 25 basis points to 0.5% this week, the highest level since 2008. Economists said that public remarks by Bank of Japan Governor Kazuo Ueda and a speech by Bank of Japan Deputy Governor Ryozo Himino to business leaders last week indicate that the Bank of Japan intends to raise interest rates.The main contract of the Container Shipping Index (European Line) narrowed its intraday gains to 4.87% and is now trading at 1385.4 points, having previously risen by nearly 9%.Petroleum Association of Japan (PAJ): Japans kerosene inventories rose by 17,000 kiloliters to 2.11 million kiloliters in the week ending January 18.Petroleum Association of Japan (PAJ): Japans gasoline inventories fell 75,000 kiloliters to 1.78 million kiloliters in the week ending January 18.Petroleum Association of Japan (PAJ): Japans commercial crude oil inventories increased by 750,000 kiloliters to 10.62 million kiloliters in the week ending January 18.

Look at $82.57 on NYMEX crude oil

Oct 26, 2021 11:03

On Wednesday (October 13), international oil prices fluctuated within a narrow range at a high level. There is concern that soaring coal and natural gas prices in Asia and Europe will stimulate inflation and slow global growth, thereby reducing oil demand. The dollar is near a one-year high, which also put pressure on oil prices.

GMT+8 13:56, NYMEX crude oil futures rose 0.01% to 80.65 US dollars/barrel; ICE Brent crude oil futures rose 0.05% to 83.46 US dollars/barrel.


The International Monetary Fund (IMF) on Tuesday (October 12) lowered the growth prospects of the United States and other major industrialized countries, and stated that continued supply chain disruptions and price pressures hindered the recovery of the global economy from the new crown epidemic.

The IMF is concerned that the momentum of economic growth has weakened, which has increased the uncertainty in the oil market. However, oil observers still focus on whether the soaring prices of natural gas and coal will lead to an increase in demand for petroleum products for power generation.

An analyst from the Research Department of ANZ Bank said in a research report: "More and more people expect that the high prices of natural gas and thermal coal may boost the demand for alternative fuels such as diesel and fuel oil."

On the daily chart, U.S. oil is in an upward ((3)) wave starting from $61.74, and the upper resistance is looking at the 38.2% target of $88.66. On the hourly chart, oil prices are in five upward waves starting from $74.97, and the upper resistance looks at the 161.8% target of $82.75. 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