This week’s crude oil prices are looking good, even as the market anticipates a rate rise after the Federal Reserve meeting on Wednesday.
The efforts of the Fed to suppress damaging inflationary outcomes appear certain to lead to an economic slowdown. The debate is centered around the potential recession.
A slowdown in the world’s largest economy usually sees crude fall under selling pressure with low demand. However, due to supply constraints, WTI has remained relatively buoyant, which is a problem for oil traders.
A hint of underlying supply and demand dynamics within the oil market is backwardation. This occurs when the contract closest to settlement is more expensive than the contract settling after the first. It shows the market’s willingness to pay more to have immediate market delivery. Backwardation has been on the rise before the invasion of Ukraine by Russia. The recent backwardation is fostered more by supply frailties rather than recession.
Political unrest caused OPEC members’ oil production falls under 600,000 barrels per day since April. Mohamed Oun, the Libyan oil minister, announced that production is back to over 1 million barrels per day after coming to terms with opponents. This development is good news for oil consumers during a period when OPEC experienced difficulties meeting its production targets.
The USD (DXY) index has been sliding in the past weeks, which might have encouraged crude oil to rise at the beginning of the week.
This Post Has 13 Comments
reputable indian online pharmacy: Indian pharmacy international shipping – online shopping pharmacy india
Rybelsus 7mg: rybelsus – buy semaglutide online
order ventolin online: Ventolin inhaler price – can i buy ventolin online mexico
rybelsus cost: rybelsus generic – rybelsus generic
casibom guncel: casibom guncel – casibom giris adresi
casibom guncel
Hi there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords
but I’m not seeing very good success. If you know of any please share.
Many thanks! You can read similar article here
I’ve been browsing online greater than 3 hours these days, but I by no means found any attention-grabbing article like yours. It is lovely worth enough for me. In my view, if all site owners and bloggers made excellent content material as you probably did, the net can be much more useful than ever before!
I’ll immediately take hold of your rss feed as I can not to find your e-mail subscription link or e-newsletter service. Do you have any? Kindly allow me recognize so that I may subscribe. Thanks!
Hey there! Do you know if they make any plugins to assist with SEO?
I’m trying to get my blog to rank for some targeted keywords but I’m not seeing
very good results. If you know of any please share. Thank you!
You can read similar blog here: Escape rooms list
¿Cómo sé con quién está chateando mi esposo o esposa en WhatsApp? Entonces ya estás buscando la mejor solución. Escuchar a escondidas en un teléfono es mucho más fácil de lo que cree. Lo primero que debe instalar una aplicación espía en su teléfono es obtener el teléfono objetivo. https://www.xtmove.com/es/how-to-know-who-my-husband-wife-chat-with-whatsapp-how-spy-another-phone/
Hello! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my website to rank for some targeted keywords but I’m not seeing
very good gains. If you know of any please share.
Thank you! I saw similar article here: Backlink Portfolio
Hi my friend! I wish to say that this article is amazing, great written and come with almost all important infos.
I’d like to look more posts like this . I saw similar here: Sklep
Wow, wonderful weblog structure! How long have you been blogging for?
you made running a blog glance easy. The whole look of your website is fantastic, as smartly as the content
material! You can see similar here najlepszy sklep