empty
29.03.2023 11:43 PM
Oil prices have many positive factors for growth

This image is no longer relevant

Oil prices were up and down on Wednesday afternoon. The West Texas Intermediate (WTI) for May delivery was trading at $73.39 a barrel, up 0.36% on the New York Mercantile Exchange.

Oil prices have been hit especially hard by the banking crisis - falling all of 13% two weeks ago. However, last week ended with the price rising by about 3%.

Oil prices were also moving up on Tuesday. The market, obviously, overestimated the prospects amid a decline of exports from Iraq's Kurdistan and considering the dynamics of stocks in the United States. The activity of M&A in the US banking sector was also extremely positive.

Recall that oil pumping from Kurdistan through the Kirkuk-Ceyhan pipeline was suspended. It means that 370 million barrels a day of oil from Kurdistan and another 75,000 from the fields of northern Iraq simply would not come to the world market. And it's all about the International Chamber of Commerce, which decided that the supply of this oil is illegal.

It is clear that oil prices benefit from this supply cut in light of an already tight market. However, we don't know how long the Kurdish supply will stop.

Meanwhile, strikes are ongoing in France, leading to the shutdown of some major refineries, in particular the TotalEnergies plant in Gonfreville-l'Orcher, which processed 240,000 barrels of oil a day. And on Monday, the strike at the refinery was extended for another three days, which created a temporary but very negative impact on crude oil consumption in the European Union. At the same time, problems with fuel availability at gas stations are worsening in France, adding to the already significant pressure on consumers' costs.

Meanwhile, a weekly review by the Energy Information Administration of the U.S. Department of Energy reported that the country's commercial oil inventories fell by 7.5 million barrels, or 1.6%, last week.

According to the terms of the OPEC+ agreement, the allowed production level for Russia in February was 10.478 million bpd. In other words, Russia did not produce about 537,000 bpd in the reporting month in order to reach its full production quota.

Since December 5, oil sanctions came into force, according to which the European Union does not accept the Russian oil, which is transported by sea. In addition, the G7 countries, Australia and the European Union imposed a price cap on Russian oil transported by sea at $60 per barrel, and more expensive oil can no longer be transported and insured. Russia, in response to such measures, banned from February 1 to supply oil to foreign parties if the contracts directly or indirectly provide for the use of the marginal price fixing mechanism.

Andreeva Natalya,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Ações do Fed para evitar a queda do BTC? BTC busca estabilidade

Alguns analistas acreditam que a atual política monetária do Federal Reserve — especialmente a decisão de manter as taxas de juros inalteradas e desacelerar o aperto quantitativo (QT) — pode

Larisa Kolesnikova 16:54 2025-03-21 UTC+2

Resumo de notícias do mercado dos EUA para 20 de março

Ainda que S&P 500 demonstre otimismo, seu crescimento desde 14 de março tem sido visto mais como uma correção. A probabilidade de um movimento em direção à faixa-alvo de 5.881–5.910

Ekaterina Kiseleva 15:58 2025-03-20 UTC+2

Ouro em alta: A onça ultrapassa os US$ 3.057, os índices também sobem

O Fed deixa as taxas inalteradas, como esperado Banco Central reduzirá o prazo de validade dos saldos Powell sinaliza que é difícil determinar o impacto das tarifas Ouro atinge recorde

Thomas Frank 14:33 2025-03-20 UTC+2

Mercados em pânico: Nasdaq despenca 1,71%, ouro atinge recordes de alta

Nvidia cai com o início da conferência anual de desenvolvedores de software Tesla cai após RBC reduzir preço-alvo Ouro atinge a maior alta de todos os tempos, de US$ 3.038,90

Thomas Frank 17:00 2025-03-19 UTC+2

Mercados em pânico: Nasdaq despenca 1,71%, enquanto o ouro atinge recordes de alta

A Nvidia caiu. A Tesla caiu. O ouro subiu para um recorde histórico de US$ 3.038,90 por onça.A Alphabet caiu após a aquisição de US$ 32 bilhões da empresa

16:49 2025-03-19 UTC+2

Resumo de notícias do mercado dos EUA para 19 de março

A Nvidia, que deveria estar comemorando o início de sua conferência anual para desenvolvedores, viu suas ações recuarem. A Tesla, ainda lidando com as recentes polêmicas envolvendo Elon Musk

Natalia Andreeva 13:56 2025-03-19 UTC+2

EUR/USD faz uma pausa com a piora das previsões do S&P 500 - Como encontrar o equilíbrio?

O mercado global enfrenta dificuldades para encontrar equilíbrio nos principais pares de moedas e ativos de ações. Esse cenário se torna ainda mais desafiador diante da recente queda do euro

Larisa Kolesnikova 17:04 2025-03-18 UTC+2

Resumo de notícias do mercado dos EUA para 18 de março

Os dados de fevereiro mostraram um aumento de 0,2% nas vendas no varejo dos EUA, indicando uma atividade robusta do consumidor. No entanto, a atividade industrial de Nova York caiu

Ekaterina Kiseleva 16:33 2025-03-18 UTC+2

Fed contra a guerra comercial. Será que a política monetária pode salvar a economia?

A Reserva Federal deve manter as taxas de juros estáveis na quarta-feira. Os mercados esperam uma flexibilização monetária no final de 2025. Notícias sobre tarifas servem como catalisador para ações

15:52 2025-03-17 UTC+2

Resumo de notícias do mercado dos EUA para 17 de março

Mercados dos EUA se recuperam na sexta-feira: S&P 500 ganha 2,1%, Nasdaq Composite sobe 2,6% O mercado de ações dos EUA encerrou a semana em alta, como se a recente

Natalia Andreeva 15:13 2025-03-17 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.