确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

WTI Crude Oil slips back into $72.00 despite Middle East tension, US crude stocks decline

  • US gasoline inventories surged on Thursday, eating away at EIA Crude Oil inventory decline.
  • Front-loaded oversupply set to continue pressing Crude Oil lower as OPEC struggles to cut further.
  • OPEC attempts to prop up Crude Oil bids with Declaration of Cooperation.

West Texas Intermediate (WTI) US Crude Oil backslid on Thursday despite a decline in Crude Oil supplies, with gasoline reserves surging higher according to data from the Energy Information Administration (EIA).

Crude Oil rose on Wednesday as Iranian-backed Houthi rebels continue to attack ships in the key logistic waterways around Yemen, and energy investors continue to get rattled by the potential for supply disruptions between Europe and Asia as ships initially bound for the Suez Canal got diverted around the continent of Africa, adding significant sailing time to already-shipped goods.

The reality of global Crude Oil supply continues to snub market fears of hypothetical supply crimps as US refined gasoline supplies burgeon. The EIA reported that US Crude Oil reserves declined 5.5 million barrels for the week ended December 29, more than the forecast 3.7215 million barrel decline, and adding to the previous week’s 7.114 million barrel drawdown. Despite the drag on US barrel counts, EIA refined gasoline reserves surged by nearly 11 million barrels, where the market was expecting a 1.67 million barrel decline compared to the previous 6769K drawdown.

A massive buildup of gasoline products leaves Crude Oil on the low side as global production of fossil fuel products continues to stuff supply pipelines, capping off forward-looking purchasing expectations.

The Organization of the Petroleum Exporting Countries (OPEC) released a statement alongside non-OPEC Declaration of Cooperation (DoC) countries, meant to bolster near-term barrel bids as OPEC reaffirms their dedication to ‘market stability’, a common OPEC dog-whistle for attempting to drastically undersupply global oil markets. With global oil demand continuing to slump and reserves build up faster than anticipated, investors are increasingly skeptical that OPEC will be able to convince more of its member states that they stand to benefit from decreasing oil production even further, with Crude Oil sales balancing many government budgets from within the cartel itself.

WTI Technical Outlook

Wednesday’s rebound from $69.50 saw US Crude Oil climb to retest $74.00 per barrel before tumbling back below the $72.00 handle, and WTI is struggling to develop momentum from the $72.50 region.

WTI remains on the low side of the 200-day Simple Moving Average (SMA) near the 78.00 handle, and despite finding a technical floor at $68.00 in mid-December, WTI US Crude Oil remains down over 23% from August’s peak bids near $94.00 per barrel.

WTI Hourly Chart

WTI Daily Chart

WTI Technical Levels

 

Silver Price Analysis: XAG/USD recovers slightly, though meanders at around $23.00

Silver price pared its earlier losses and gathered momentum late during Thursday’s North American session, up by a minuscule 0.08%, after bouncing off daily/weekly lows of $22.69 amid high US Treasury bond yields.
了解更多 Previous

AUD/JPY rallies near 97.00, bulls in control

In Thursday's session, the AUD/JPY was sighted at 96.90, rallying by a notable 0.60% to peak at 97.20 during the day.
了解更多 Next