battenkilldisc3|沙特阿拉伯提高油价油价在连续一周下跌后反弹

Celebrities 2024年05月07日 00:01 12 editor

Oil prices rose after a week of decline as Saudi Arabia increased its exposure to Asian customersBattenkilldisc3The price shows confidence in the future, and Israel's latest actions in the Gaza Strip have brought attention back to tensions in the region.

Brent crude climbed to $84 a barrel after its biggest weekly decline since February. Saudi Aramco raised the price of all grades of crude oil in Asia in June, with key Arabian light oil (Arab Light oil) rising more than some refiners had estimated. In the Middle East, the Israeli military has begun evacuating civilians from Rafah, possibly a prelude to a long-awaited attack on the Gaza city.

This provides some support for oil prices, which have fallen in three weeks over the past four weeks as concerns about the conflict in the Middle East have eased. OPEC and its allies are widely expected to continue to cut supply in the second half of this year in an effort to prevent a surplus. Iraq and Kazakhstan, which are lagging behind in the organisation, have outlined plans to cut production, indicating how they will curb oil inflows to compensate for production that exceeded quotas earlier this year.

Olle Ole Hansen, head of commodities strategy at Saxo Bank a / S, said: "crude oil traded higher because of renewed concerns about the Middle East, which led to some price premiums and signalled strong demand after Saudi Arabia raised prices in Asia."

Jobs data released in the US last week showed an unexpected rise in the unemployment rate, suggesting that the labour market is cooling after strong growth at the start of the year. However, it also revived the belief that the Fed might cut interest rates, which boosted oil prices, Hansen said. In Europe, stronger-than-expected eurozone manufacturing data for April released on Monday showed strong oil demand.

Meanwhile, the Rafah operation follows fruitless potential cease-fire talks between Israel and Hamas in Cairo over the weekend. "the oil market will not be immediately affected, but the premium on geopolitical risk is shifting slightly," Engie EnergyScan said in a report.

The risk premium in the options market has fallen as fears of a wider regional war recede. Brent crude is at its most bearish level in nearly two months, and the spread between call and put options is the biggest since March. Since Monday is a holiday in London, Monday's trading volume is likely to be small.

The spot spread of Brent crude, the spread between the two closest contracts, has also narrowed in recent weeks, but remains in a positive spot contract structure, with spot crude prices higher than forward prices. The current spread is 54 cents a barrel, down from 93 cents two weeks ago.

battenkilldisc3|沙特阿拉伯提高油价油价在连续一周下跌后反弹