binance left Huobi Global Coinmarketcap net_left adver left
Detail

Oil Mixed on Week: Brent Stares at Loss, US Crude Flat Amid Record Pump Prices

By Barani Krishnan AiVIF.com -- Crude prices were mixed on the week as trading neared Friday’s close, with global benchmark Brent showing a weekly loss amid a continued holdout...
Oil Mixed on Week: Brent Stares at Loss, US Crude Flat Amid Record Pump Prices © Reuters.

By Barani Krishnan

AiVIF.com -- Crude prices were mixed on the week as trading neared Friday’s close, with global benchmark Brent showing a weekly loss amid a continued holdout by Europe on a Russian oil ban, while U.S. crude was almost flat on strong summer demand bets and supply tightness that have pushed pump prices to record highs.

Both Brent and U.S. crude’s West Texas Intermediate benchmark were up more than 3% in Friday’s intraday trade, extending their recovery from a near 10% loss in the first two days of the week sparked by fears that America might be tipped into recession from aggressive rate hikes by the Federal Reserve trying to beat the worst inflation in 40 years.

By 1:30 PM ET (17:30 GMT), an hour to the close, London-traded Brent was at $111.19, up $3.74, or 3.5%, on the day. For the week, it was down 1.7%.

New York-traded WTI was at $110.08, up $3.95, or 3.7%. For the week though, it was down just 0.5%.

The divergence between Brent and WTI is "a story of two oils,” said John Kilduff, partner at New York energy hedge fund Again Capital. “The hold out of an European embargo, particularly by Hungary is limiting Brent’s upside, while WTI is basking in bullish glory from the refining crunch in fuels that’s sent pump prices to record highs.”

Some European Union nations said on Friday that the push to ban Russian oil should probably be delayed to prioritize other sanctions against Moscow, particularly if the bloc could not win immediate consensus from Budapest for an embargo.

Saudi Arabia’s Energy Minister Abdulaziz bin Salman, meanwhile, tried to avert any blame on OPEC+ for the record high pump prices in the United States, saying it was a lack of U.S. refining capacity that was responsible for the crisis rather than supply from the global oil exporters alliance.

“The bottleneck is now to do with refining,” Abdulaziz told Bloomberg in an interview. “I did warn this was coming back in October. Many refineries in the world, especially in Europe and the US, have closed over the last few years. The world is running out of energy capacity at all levels.”

Record-high fuel prices are testing the mettle of U.S. consumers, with gasoline at above $4.50 per gallon at some US pumps while diesel retails at above $6.

The International Energy Agency cautioned on Thursday that soaring pump prices and slowing economic growth are expected to significantly curb the demand recovery through the remainder of the year and into 2023.

Economists, meanwhile, warn that the US economy, finally on the path to resilience after the damage wrought by the two-year-long coronavirus pandemic, could head for recession again from a one-two punch delivered by record-high fuel prices and Fed rate hikes.

HOT AUTO TRADE BOT SOFTWARE ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top HOT AUTO TRADE BOT SOFTWARE Binance _ main right top fbs_main right top tifia_main right top
18-05-2022 14:39:30 (UTC+7)

EUR/USD

1.0522

-0.0025 (-0.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.0522

-0.0025 (-0.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

GBP/USD

1.2413

-0.0077 (-0.62%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/JPY

129.26

-0.12 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

AUD/USD

0.7009

-0.0020 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

USD/CAD

1.2826

+0.0017 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (1)

EUR/JPY

136.02

-0.44 (-0.33%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

1.0490

+0.0014 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Gold Futures

1,814.74

-4.16 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Silver Futures

21.633

-0.117 (-0.54%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Copper Futures

4.2052

-0.0271 (-0.64%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (2)

Crude Oil WTI Futures

111.17

+1.54 (+1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Brent Oil Futures

113.12

+1.19 (+1.06%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

8.215

-0.099 (-1.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

US Coffee C Futures

228.63

+3.83 (+1.70%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (6)

Euro Stoxx 50

3,737.35

-4.16 (-0.11%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (3)

S&P 500

4,088.85

+80.84 (+2.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

14,177.91

-8.03 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (3)

FTSE 100

7,514.10

-4.25 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Hang Seng

20,559.00

-43.52 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

US Small Cap 2000

1,840.30

+56.87 (+3.19%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (3)

IBEX 35

8,511.50

+35.80 (+0.42%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

50.555

-0.135 (-0.27%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

64.12

0.00 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

201.75

-0.50 (-0.25%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

Adidas AG

182.15

-1.15 (-0.63%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (3)

Deutsche Lufthansa AG

6.822

-0.005 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

116.43

-0.07 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

9.534

-0.004 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0522↑ Sell
 GBP/USD1.2413↑ Sell
 USD/JPY129.26↑ Buy
 AUD/USD0.7009↑ Sell
 USD/CAD1.2826↑ Buy
 EUR/JPY136.02↑ Buy
 EUR/CHF1.0490↑ Buy
 Gold1,814.74↑ Buy
 Silver21.633↑ Buy
 Copper4.2052Neutral
 Crude Oil WTI111.17↑ Buy
 Brent Oil113.12↑ Buy
 Natural Gas8.215Neutral
 US Coffee C228.63Neutral
 Euro Stoxx 503,737.35Neutral
 S&P 5004,088.85↑ Buy
 DAX14,177.91Neutral
 FTSE 1007,514.10↑ Buy
 Hang Seng20,559.00↑ Sell
 Small Cap 20001,840.30Neutral
 IBEX 358,511.50Neutral
 BASF50.555↑ Buy
 Bayer64.12↑ Buy
 Allianz201.75↑ Buy
 Adidas182.15Neutral
 Lufthansa6.822↑ Sell
 Siemens AG116.43↑ Sell
 Deutsche Bank AG9.534↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,825/ 6,925
(0/ 0) # 1,836
SJC HCM6,825/ 6,925
(0/ 0) # 1,836
SJC Hanoi6,825/ 6,927
(0/ 0) # 1,838
SJC Danang6,825/ 6,927
(0/ 0) # 1,838
SJC Nhatrang6,825/ 6,927
(0/ 0) # 1,838
SJC Cantho6,825/ 6,927
(0/ 0) # 1,838
Cập nhật 18-05-2022 14:39:33
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,815.06+0.390.02%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$114.04+1.291.13%
Brent$111.69-0.53-0.48%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.955,0023.265,00
EUR23.783,5625.115,95
GBP28.150,0329.351,12
JPY173,94184,14
KRW15,7819,22
Cập nhật lúc 14:35:01 18/05/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right