$API
Agora Inc
PRICE
$2.5 β²1.215%
Extented Hours
VOLUME
175,777
DAY RANGE
2.38 - 2.48
52 WEEK
2.37 - 4.85
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@trademaster #TradeHouses
By Laura Sanicola and Muyu Xu (Reuters) -Oil edged lower on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply tightness against fears that high interest rates could reduce fuel demand. Brent crude oil futures dipped 6 cents to $90.86 a barrel by 0345 GMT, while U.S. West Texas Intermediate crude (WTI), fell 5 cents to $89.18 per barrel. Data on Tuesday night showed that U.S. job openings increased by the largest amount in more than two years, prompting a further sharp rise in Treasury yields. Along with fears that interest rates will stay high for some time, oil benchmarks also have been pressured by concerns that the strengthening dollar would dent demand, as it makes oil more expensive for holders of other currencies. "A resilient labour market is deemed to be providing more room for the Federal Reserve (Fed) to keep rates high for longer," said Yeap Jun Rong, market analyst at IG. The Organization of the Petroleum Exporting Countries and allies, or OPEC+, is expected to keep output policy unchanged when it meets on Wednesday, after members Saudi Arabia and Russia extended output cuts to the end of the year. Saudi Arabia is expected to raise its November official selling price of Arab Light crude to Asia for a fifth straight month, according to a Reuters survey, as market participants expect supplies of medium sour crude to remain tight. "The recent oil price reversal could be a reason for the cartel to keep their supply cuts unchanged in today's review meeting," said ANZ Bank's analysts Brian Martin and Daniel Hynes in a note. Meanwhile, talks to restart Iraqi oil exports via a crude oil pipeline that runs through Turkey are still ongoing, an Iraqi oil official told Reuters, one day after Turkey said operations would start again this week following a near six-month stoppage. Russia is setting no time frame for a fuel export ban it introduced last month, and which will remain in place as long as necessary to stabilize prices and address shortages on the domestic market, Interfax cited Deputy Prime Minister Alexander Novak as saying. Investors are also closely watching supply and demand in the United States. Industry data showed crude stocks fell by about 4.2 million barrels in the week ended Sept. 29, according to market sources citing American Petroleum Institute figures on Tuesday. [API/S] U.S. government data on stockpiles is due on Wednesday. Eight analysts polled by Reuters estimated on average that crude inventories fell by about 500,000 barrels in the week to Sept. 29. [EIA/S]
12 Replies 10 π 9 π₯
@trademaster #TradeHouses
By Trixie Yap (Reuters) -Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. Brent futures for November delivery were down 71 cents, or 0.76%, to $92.82 a barrel by 0608 GMT. U.S. West Texas Intermediate crude (WTI) fell 70 cents, or 0.78%, to $88.96, the lowest since Sept. 14. "The Fed kept rates unchanged at yesterday's FOMC meeting, as widely expected. However, it was still seen as a hawkish pause, which put some pressure on risk assets" such as oil, said ING analysts in a client note. The U.S. Federal Reserve maintained interest rates after its Federal Open Market Committee (FOMC) meeting, but stiffened its hawkish stance with a rate increase projected by year-end which could dampen economic growth and overall fuel demand. Fed policymakers still see the bank's benchmark overnight rate range peaking this year at 5.50% to 5.75%, a quarter of a percentage point above the current range. The hawkish stance also led to the U.S. dollar surging to its highest since early March, placing downside pressure on oil prices. A stronger dollar typically makes commodities such as oil more expensive for buyers using other currencies. Energy markets reacted little to data from the U.S. Energy Information Administration (EIA) on Wednesday showing crude inventories fell in line with expectations last week, with some analysts saying the decline was smaller than they expected. "EIA data showed U.S. stockpiles fell 2.14 million barrels last week, well short of the 5.25 million barrel drop reported by the American Petroleum Institute. The disappointing inventory drawdown gave impetus for traders to lock in profits following the 10% gain since the start of the month," ANZ analysts said in a note. [API/S] The stock draw was mainly driven by strong oil exports, while gasoline and diesel inventories were drawn down as refiners began annual autumn maintenance, the EIA said in a weekly report. [EIA/S] However, price falls were limited by continuous concern on tight supply globally entering the fourth quarter, with crude stocks at Cushing - the WTI delivery hub - at their lowest since July 2022 and production cuts continuing by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+. Some analysts still expect prices to remain supported in the near term. "A few more drawdowns could revive talks of tanks reaching their operational minimum ... With the production cuts by Saudi Arabia and the broader OPEC+ alliance expected to remain for the rest of the year, inventories will likely touch record lows," said ANZ analysts. "Our balance shows a deficit of more than 2 million barrels per day through the fourth quarter of this year," said ING analyst Warren Patterson. "This tightness, along with strong refinery margins (largely a result of tightness in middle distillates) suggests that oil prices are likely to see further strength in the short term," he said.
47 Replies 10 π 12 π₯
@trademaster #TradeHouses
By Shadia Nasralla LONDON (Reuters) -Oil prices slipped on Tuesday ahead of data shedding light on U.S. appetite for fuel during the summer driving season, with the Brent benchmark's price structure indicating bulls are retreating. By 1349 GMT Brent crude futures were down 74 cents, or 1%, at $73.44 a barrel. U.S. West Texas Intermediate (WTI) futures fell 74 cents, or 1.1%, to $68.63. Both benchmarks had earlier retreated by more than $1. Both contracts are trading broadly in the middle of a $10 range traced since early May. Oanda analyst Craig Erlam said prices were mainly at the mercy of "the ever-changing expectations for interest rates". European Central Bank President Christine Lagarde on Tuesday said that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes. Higher interest rates can weigh on economic activity and oil demand. European equities were also down. [MKTS/GLOB] U.S. inventory data from the American Petroleum Institute industry group is expected after 2000 GMT, followed by government data on Wednesday.[API/S] A Reuters poll indicated that U.S. inventories probably fell in the week to June 23. [EIA/S] Brent's six-month backwardation - a price structure whereby sooner-loading contracts trade above later-loading ones - is at its lowest since December and barely positive, indicating shrinking concern about supply crunches. For the two-month spread, the market is in shallow contango, the opposite price structure, indicating that traders are factoring in a slightly oversupplied market. The market, meanwhile, has shrugged off the aborted mutiny by mercenary group Wagner in Russia at the weekend, with Russian oil loadings having remained on schedule. "The latest geopolitical flare-up quickly pales into insignificance compared to persistent macroeconomic considerations," said PVM's Tamas Varga. This is the case despite Saudi Arabia's pledge to reduce output from July. Much depends on whether Chinese oil demand picks up in the second half, with Premier Li Qiang saying that China will take steps to invigorate markets but providing details.
84 Replies 14 π 11 π₯
@Georg #T|T|T
HΓ€tte eine Technikfrage zum IB Demo Paper Trading Account. Mein Sierra Chart hat bei Nutzung des Normalen IB Kontos eine Datenverbindung grΓΌn alles Super. Nach wechseln auf das Demo Konto habe ich keine Datenverbindung mehr. Einstellung des API >> Settings natΓΌrlich gleich. Hab ich hier was ΓΌbersehen?
125 Replies 9 π 13 π₯
@Trader7 #Trader24
**Crude Oil: cuts, a hesitant demand and backwardation** We had already talked about it, but itβs back in the news: IEA (International Energy Agency) Executive Director Fatih Birol expressed his worries about global oil demand on Bloomberg TV yesterday, as of the 2 million bpd growth expected in 2023, at least 60% is expected to come from China, whose growth seems to be much less bright than previously expected. Only the night before, API (American Petroleum Institute) data had shown a huge increase in Gasoline and Distillates in general in US stocks (+2.417mm from 02/23 and +4.5mm from 12/22 respectively), a clear sign that processed products are momentarily oversupplied. https://analysis.hfeu.com/en-eu/700213/
90 Replies 12 π 11 π₯
Key Metrics
Market Cap
197.63 M
Beta
0
Avg. Volume
291.06 K
Shares Outstanding
83.04 M
Yield
0%
Public Float
0
Next Earnings Date
2023-11-27
Next Dividend Date
Company Information
agora powers the real time communication. agora provides the building blocks developers need to add high definition voice calls/video call to any mobile app through a simple yet powerful sdk. agoraβs proprietary, proven technology handles billions of voice minutes every year, which allows developers to support as many as 2,000 users in a single call. at agora, we handle the challenging pieces of real time communication, so our users can focus on expanding their businesses and social circles instead of having to worry about the dropped calls and privacy issues that commonly arise with other networks
CEO: Bin Zhao
Website: agora.io
HQ: 2804 Mission College Blvd Stanta Clara, 95054 CA
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