日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

US oil slides to six-and-a-half year low under $42 as stocks build

(Agencies) Updated: 2015-08-14 07:03

US oil slides to six-and-a-half year low under $42 as stocks build

A customer prepares to fill the tank of her car at a fuel station in Sint Pieters Leeuw December 5, 2014.[Photo/Agencies]

US oil prices tumbled more than 3 percent to a six-and-a-half year low under $42 a barrel on Thursday as data showing a big rise in key US stockpiles intensified worries over a growing global glut.

A rise in the dollar, after news of higher US retail sales in July and strengthening employment data, added to the weight on oil.

Oil has fallen by nearly a third since late June, a decline that continued this week after a spate of refinery outages sapped demand for crude. The largest of those refineries - BP PLC's 413,500-barrel per day (bpd) facility in Whiting, Indiana, also the biggest in the US Midwest - has been forced to shut two-thirds of its capacity for repairs to a leak that could last a month or more.

Losses deepened on Thursday after market intelligence firm Genscape reported that stockpiles at the Cushing, Oklahoma delivery point for US crude futures rose more than 1.3 million barrels in the week to Aug 11, adding to concern that the Whiting outage was pushing up the surplus in crude. If confirmed, the Cushing build would be the biggest since March.

US crude CLc1 settled down $1.07 at $42.23 a barrel, after setting a session bottom at $41.91, its lowest since March 2009 when the financial crisis was wreaking havoc on oil prices.

The market could see a cascade of sell orders from now on, driving prices even lower, as more technical levels are broken, some analysts said.

"We are in the camp where prices will retest and fail to hold support at these levels," said Chris Jarvis of Caprock Risk Management in Frederick, Maryland. "We're likely get a capitulation trade in the $30 levels, a call we have been making since March."

Global crude benchmark Brent LCOc1 settled down 44 cents, or almost 1 percent, at $49.22, ahead of Friday's expiry of its front-month contract. Brent's premium to US crude CL-LCO1=R hit a three-week high of nearly $7.

Sentiment in oil has been so weak that prices failed to rally even after Wednesday's data from the US Energy Information Administration (EIA) showing a 1.7 million-barrel drop in crude stockpiles last week.

The EIA added to concern about the growing supply glut in oil on Thursday, reminding the market that Iran could boost output by 100,000 bpd this year with an easing of nuclear-related sanctions on Tehran's exports.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产欧美日韩在线观看 | 黄色a一级| 91麻豆精品在线观看 | 国产欧美高清 | 国产精品麻豆一区二区 | 久久综合九九 | 久久久久中文 | 日韩视频一区二区三区在线播放免费观看 | 特黄免费| 亚洲911精品成人18网站 | 污片在线免费观看 | 日韩av手机在线 | 免费观看国产精品 | av中文字幕免费观看 | 一级片在线免费播放 | 免费观看的毛片 | 久久久久久不卡 | 欧美日一区二区 | 国产欧美一区二区精品性色 | 亚洲最新网址 | 国产精品久久久精品 | 欧美无玛| 色播导航 | 免费成人高清 | 亚洲福利在线视频 | 日韩毛片在线看 | 亚洲色图在线播放 | 黄色1级毛片 | 91免费视频黄 | 深爱综合网 | 性欧美极品另类 | 69视频国产| 影音先锋中文在线 | 亚洲中字| 网友自拍第一页 | 美女午夜影院 | 午夜视频在线观看一区 | 成年人在线免费观看 | 三级性视频 | 97潮色 | 午夜在线小视频 |