Home Business International oil prices fell after recording record gains, both OPEC and IEA expressed uneasiness about the demand outlook

International oil prices fell after recording record gains, both OPEC and IEA expressed uneasiness about the demand outlook

by news dir

Original title: International oil prices fell after recording a record increase. Both OPEC and IEA expressed concern about the demand outlook

  Oil priceIt fell back on Thursday, ending a record-lasting round of gains afterOPEC(OPEC) and the International Energy Agency (IEA) both stated that the new round of suspension and the emergence of mutant viruses have reduceddemandThe prospect of quickly overturning the Soviet Union.

Brent Crude OilfuturesDown 0.33USD, Or 0.5%, the settlement price was reported at US$61.14 per barrel, and US crude oil futures fell by US$0.44, or 0.8%, and the settlement price was reported at US$58.24 per barrel.

Brent crude oilpriceIt rose for the ninth consecutive trading day, tying the index contract’s continuous rise record set in January 2019, and recorded the same continuous rise in April and September 2007. US crude oil has risen for the eighth consecutive trading day, which is the longest rise since January 2019.

The two major indicators of crude oil closed on Wednesday at the highest level since January 2020, and remained atOverboughtRegionally, the Relative Strength Index (RSI) exceeded 70 for the eighth consecutive day.

OANDA AdvancedmarketAnalystEdward Moya said: “Crude oil prices took a breather after the breakthrough in February. Some analysts previously believed that February’sPrice levelIt will not be touched until the next few years. “

OPEC said that the rebound in global oil demand in 2021 will be slower than previously expected. The IEA stated that due to the ongoing COVID-19 blockade and the spread of the COVID-19 variant virus, global oil supply still exceeds demand, but vaccines should help demand recovery and soon enable producers to produce more oil.

The increase in oil production in Argentina and after the end of the Hariga port blockade is expected to increase supplies from Libya. The above factors put further pressure on oil prices.

(Source: Caihua News Agency)

(Editor in charge: DF062)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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