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Crude Oil Largely Flat; Traders Seeking New Impetus

By Peter Nurse AiVIF.com -- Oil prices were largely unchanged Friday, on course to end the week basically flat as traders attempt to balance out tentative hopes for the end of...
Crude Oil Largely Flat; Traders Seeking New Impetus © Reuters.

By Peter Nurse

AiVIF.com -- Oil prices were largely unchanged Friday, on course to end the week basically flat as traders attempt to balance out tentative hopes for the end of Shanghai’s COVID-19 lockdown with concerns over the global demand outlook.

By 9:25 AM ET (1325 GMT), U.S. crude futures traded 0.1% higher at $109.92 a barrel, while the Brent contract rose 0.1% to $112.09 a barrel.

U.S. Gasoline RBOB Futures were up 0.4% at $3.8470 a gallon.

Oil has surged over 40% this year as demand recovered from the impact of the pandemic and Russia’s assault on Ukraine roiled global markets.

However, confidence in the economic recovery has waned over the last few weeks as rampant inflation has provoked central banks to tighten monetary policy while a number of Chinese cities, Shanghai in particular, were shut down to combat a persistent COVID outbreak.

Authorities started to ease Shanghai’s lockdown earlier this week after the city went three days of zero community transmission, but many restrictions remain in place and a large number of the city’s population is still confined to their abodes.

Helping the tone has been strong demand for the fuel product markets, especially in the US, where gasoline and diesel prices have risen to unprecedented levels in the run-up to summer driving season.

Data from the Federal Highway Administration, released Thursday, showed that U.S. motorists drove 277.4 billion miles in March, 5 billion miles more than the numbers seen in March 2019, before the pandemic restrictions were put in place.

The other factor in play has been the expectation that the European Union will agree a deal banning the importation of Russian crude, even in the face of opposition from countries most dependent on Russian oil such as Hungary.

“While it is taking longer than expected to come to an agreement, we believe that member states will eventually come to a deal,” said analysts at ING, in a note. “How much of an impact this will have on the market will depend on how watered down the final agreement is relative to the proposal.”

Even if the EU does finally come up with a proposal that all of the member countries can get behind, it’s debatable how much of Moscow’s oil will be removed from the global market as China appears to be ramping up purchases of oil from Russia at bargain prices.

China's seaborne Russian oil imports will jump to a near-record 1.1 million barrels per day in May, up from 750,000 barrels per day in the first quarter and 800,000 barrels in 2021, according to an estimate by Vortexa Analytics.

The number of U.S. oil rigs by Baker Hughes and CFTC positioning data are scheduled for release later in the session, rounding off the week.

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29-03-2024 17:15:08 (UTC+7)

EUR/USD

1.0783

-0.0003 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0783

-0.0003 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2617

-0.0005 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (7)

Sell (3)

USD/JPY

151.34

-0.03 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6514

-0.0001 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

USD/CAD

1.3555

+0.0017 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

EUR/JPY

163.16

-0.09 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (4)

EUR/CHF

0.9721

-0.0006 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (4)

Gold Futures

2,254.80

42.10 (1.90%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

Silver Futures

25.100

+0.002 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

4.0115

-0.0003 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

1.752

+0.034 (+1.98%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (6)

US Coffee C Futures

188.53

-2.12 (-1.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (8)

DAX

18,504.51

+27.42 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

FTSE 100

7,952.62

+20.64 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Hang Seng

16,541.42

0.00 (0.00%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

207.00

+2.30 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

176.96

+0.04 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

14.582

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

 EUR/USD1.0783↑ Buy
 GBP/USD1.2617↑ Sell
 USD/JPY151.34↑ Buy
 AUD/USD0.6514↑ Buy
 USD/CAD1.3555↑ Sell
 EUR/JPY163.16Neutral
 EUR/CHF0.9721Neutral
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(30/ 30) # 1,364
SJC HCM7,900/ 8,100
(0/ 0) # 1,384
SJC Hanoi7,900/ 8,102
(0/ 0) # 1,386
SJC Danang7,900/ 8,102
(0/ 0) # 1,386
SJC Nhatrang7,900/ 8,102
(0/ 0) # 1,386
SJC Cantho7,900/ 8,102
(0/ 0) # 1,386
Cập nhật 29-03-2024 17:15:16
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 17:12:12 29/03/2024
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