W & T Offshore Inc
4.775 - 5.06
3.57 - 9.16
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Ptrolio WTI cambia stuttura sia sul daily che sul 12 ore , ma più bello tecnicamente il BRENT che anche lui ha cambiato struttura ma tecnicamente ha dato la possibbilita di un entrata con un rischio più contenuto per il posizionamento dello stop rispetto al WTI che stando a questa strategia entrando ora il margine di stop è troppo ampio bisognerebbe aspettare un ritraccio invece con il BRENT adesso si potrebbe già mettere lo sto a zero e lasciare correre
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PETROLIO PREVISIONE PER I PROSSIMI 7 GIORNI ANALISI CICLICA DEL 27-03-23 In questa video analisi sul PETROLIO , troverai le previsioni per i prossimi 7 giorni con il metodo ciclico Voltime. Il petrolio come da previsione ha formato il minimo il 25 marzo e la sua chiusura sopra 72.46 sarà occasione per cercare operazioni long. Guarda il video per ulteriori dettagli ciclici e per scoprire i più importanti livelli di prezzo. #petrolio #analisiciclica #wti #analisiciclicapetrolio #paolopeisino
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I grafici sono molto simili tra il **Brent** ed il **WTI** americano.
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scusate la domanda forse stupida... ma se le scorte del petrolio aumentano e diminuiscono che impatto ha sul prezzo del wti e perché?
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By Liz Moyer Investing.com -- U.S. stocks are rising as investors turn their focus to the Federal Reserve’s interest rate decision, due out Wednesday afternoon. At 10:28 ET (14:28 GMT), the Dow Jones Industrial Average was up 203 points or 0.6%, while the S&P 500 was up 0.7% and the NASDAQ Composite was up 0.6%. Investor jitters about the state of the banking system calmed after the weekend rescue of Credit Suisse (SIX:CSGN). Futures traders are giving it a greater than 80% chance that the Fed will raise rates by a quarter of a percentage point. That is less than what was expected just two weeks ago but more than a pause, as the Fed keeps on its path toward taming inflation. Treasury Secretary Janet Yellen is speaking to the American Bankers Association this morning in Washington. Her prepared remarks say the financial regulators are committed to taking the necessary steps to keep deposits and the system safe, as they did with Signature Bank and Silicon Valley Bank. Regulators could take further action if other smaller institutions see deposit runs that threaten contagion in the system, Yellen said. “The situation is stabilizing. And the U.S. banking system remains sound,” the prepared remarks said. First Republic Bank (NYSE:FRC) shares were up 30% after tumbling on Monday on word big banks are working on a possible capital infusion. Shares of PacWest Bancorp (NASDAQ:PACW) are up 14% and shares of Western Alliance Bancorporation (NYSE:WAL) are up 10%. In economic data, the existing home sales reading for February showed a 14.5% month-over-month gain, and annual sales of 4.58 million, both higher than expected. Oil was rising. Crude Oil WTI Futures were up 1.4% to $68.77 a barrel, while Brent Oil Futures were up 1.2% to $74.66 a barrel. Gold Futures were down 1.3% to $1,957.
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PETROLIO PREVISIONE PER I PROSSIMI 7 GIORNI ANALISI CICLICA DEL 20 03 23 In questa video analisi sul PETROLIO , troverai le previsioni per i prossimi 7 giorni con il metodo ciclico Voltime. Il petrolio è uscito dalla lateralità e come previsto sta andando a chiudere il ciclo 40d previsto in data 25 marzo. Come spiegato settimana scorsa, la decisione corretta era attendere il minimo del 25 marzo per cercare poi occasioni rialziste. Guarda il video per ulteriori dettagli ciclici e per scoprire i più importanti livelli di prezzo. #petrolio #analisiciclica #wti #analisiciclicapetrolio #paolopeisino
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wti aste incompiute anche li. Sono molto alte chissa' se arrivera' li.
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By Liz Moyer Investing.com -- U.S. stocks tumbled as Credit Suisse raised fresh concerns about the banking system. At 10:40 ET (13:48 GMT), the Dow Jones Industrial Average was down 575 points or 1.8%, while the S&P 500 was down 1.7% and the NASDAQ Composite was down 1.4%. Credit Suisse Group (NYSE:CS) stock plunged 15.8% after the Saudi National Bank, a top investor, said regulations prevented it from being able to provide any more financial assistance to the Swiss finance firm. The stock has come off its lows of the morning. At the same time, fresh economic data was stoking hopes for a less aggressive Federal Reserve. Retail sales fell 0.4% in February, a greater-than-expected contraction after rising 3.2% in January. Producer prices rose 4.6% in the year through February, compared with expectations for an increase of 5.4%. Futures traders are now divided on what the Fed’s next move will be. About half are betting there won’t be an interest rate move next week, while half believe the central bank will raise rates by a quarter of a percentage point, according to the Fed Rate Monitor tool. Bank stocks had recovered somewhat on Tuesday after a rout on Monday because of the sudden collapse of SVB Financial and Signature Bank over the weekend. Regional banks were under pressure again on Wednesday. Shares of First Republic Bank (NYSE:FRC) were down 13.9%, while shares of PacWest Bancorp (NASDAQ:PACW) slid 11%. Big banks were also falling, such as JPMorgan Chase & Co (NYSE:JPM), down 4.6%, and Bank of America Corp (NYSE:BAC), down 2.4%. Oil fell. Crude Oil WTI Futures were down 4.2% to $68.30 a barrel, while Brent Oil Futures crude was down 4% to $74.36 a barrel. Gold Futures were up 0.8% to $1,927.
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eurusd 1,0525 :-) wti 68,05 (my buy limit :-x )
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wti tp 70,3 (our chat)
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By Emily Chow SINGAPORE (Reuters) -Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. Brent crude futures were down 82 cents, or 1%, at $79.95 a barrel at 0700 GMT. U.S. West Texas Intermediate crude futures (WTI) dropped 82 cents, or 1.1%, to $73.98 a barrel. On Monday, Brent fell to its lowest since early January, while WTI dropped to its lowest since December. The sudden shutdown of SVB Financial triggered concerns about risks to other banks resulting from the U.S. Federal Reserve's sharp interest rate hikes over the last year. Traders now no longer expect a 50-basis points (bps) rate hike by the Federal Reserve next week, with a current projection of a 25 bps rise, even ahead of the release of U.S. consumer price data on Tuesday. Economists surveyed by Reuters forecast consumer prices increased by 0.4% in February, which would lower the year-on-year increase in the CPI to 6.0% in February and mark the smallest year-on-year rise since September 2021. A stronger-than-expected U.S. consumer inflation outcome would put further downward pressure on near term oil prices, National Australia Bank (OTC:NABZY) analysts said in a note. Beyond the Silicon Valley Bank shockwaves, oil prices were also under pressure due to signs of a weaker-than-expected economic recovery in China, despite the lifting of its strict COVID-19 restrictions, said Leon Li, an analyst at CMC Markets. "The market had previously expected a strong recovery of the Chinese economy, but the latest February inflation rate was only 1% year-on-year, reflecting the current deflationary state of the Chinese economy and weak demand," he said. China's statistics bureau released data last week showing consumer inflation in the world's second largest economy slowed to the lowest rate in a year in February as shoppers remained cautious even after pandemic curbs were lifted in late 2022. In U.S. supply news, the American Petroleum Institute is expected to release industry data on U.S. oil inventories on Tuesday. Six analysts polled by Reuters estimated on average that crude inventories rose by about 600,000 barrels in the week to March 10.
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PETROLIO PREVISIONE PER I PROSSIMI 7 GIORNI ANALISI CICLICA DEL 13-03-23 In questa video analisi sul Petrolio , troverai le previsioni per i prossimi 7 giorni con il metodo ciclico Voltime. Il petrolio continua a trovarsi in laterale a causa della non sincronia di alcuni cicli che sovrappongono i rispettivi massimi e minimi causando una non direzionalità. Tale fase dovrebbe esaurirsi intorno al 25 marzo quando tutti i cicli analizzati si troveranno nella loro fase rialzista. #petrolio #analisiciclica #wti #analisiciclicapetrolio
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wti do you remeber
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By Alex Lawler LONDON (Reuters) -Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S. crude inventories and a weaker dollar offset fears over the economic impact of rising interest rates. TotalEnergies was unable to make deliveries from its French refineries on Thursday because of continued strike action a day after data showing an unexpected decline in U.S. crude inventories last week. The halt in deliveries from those refineries and slight weakness in the dollar might attract some short-covering, Tamas Varga of oil broker PVM told Reuters, adding that any gains are likely to be capped by the prospect of higher interest rates. Brent crude rose by 5 cents to $82.71 a barrel by 1305 GMT while U.S. West Texas Intermediate (WTI) crude added 6 cents to $76.72. Both benchmarks fell by between 4% and 5% over the previous two days. "We're broadly seeing oil prices steady," said Craig Erlam of brokerage OANDA. "As things stand, more rate hikes mean less chance of a soft landing and therefore lower crude demand." U.S. Federal Reserve Chair Jerome Powell's comments this week on the likelihood that interest rates will need to be raised more than previously expected in response to recent strong data continued to weigh on the market. Oil had registered its largest daily fall since early January after Powell's comments on Tuesday. Still, in the second day of his testimony on Wednesday, Powell struck a cautious note, saying debate on the scale and path of future rate increases was ongoing and would depend on data, prompting a pause in the dollar's rally. A weaker dollar makes oil cheaper for buyers holding other currencies and tends to support risk appetite among investors. Crude has also drawn support from expectations of rising Chinese demand. While China's crude oil imports in the first two months of 2023 fell 1.3% year on year, analysts pointed to accelerating imports in February as a sign that fuel demand was rebounding after Beijing scrapped COVID-19 controls.
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wti :-) whole candle
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wti h4 signals down 76,17 and 74,47
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_"(Il Sole 24 Ore Radiocor Plus) - Milano, 06 mar - Prosegue il trend rialzista delle Borse europee, che hanno chiuso in guadagno (fatta eccezione per Amsterdam e Londra), dopo l'allungo della scorsa settimana e le performance vantate da inizio anno. Milano ha guadagnato lo 0,45%, mentre lo spread ha chiuso a 181 punti e il rendimento dei Btp a dieci anni si e' portato al 4,52%. Gli investitori, pero', sono cauti in vista delle imminenti riunioni delle banche centrali. La prossima settimana, il 16 marzo, si riunira' il consiglio direttivo della Bce, mentre il 22 marzo annuncera' le proprie decisioni la Federal Reserve. Qualche indicazioni sull'operato dell'istituto centrale Usa potrebbe emergere domani e dopodomani, in occasione del discorso del numero uno, Jerome Powell, dinnanzi al Congresso. Intanto il governo cinese ha fissato al 5% la crescita per l'anno in corso. Indicazione che non ha entusiasmato i mercati, trattandosi del livello piu' basso da tre decadi. Cosi' hanno perso quota i valori del petrolio e delle materie prime: il wti, contratto di aprile, cede infatti lo 0,55%, attestandosi a 80,12 euro. Intanto il gas si e' portato ai minimi dal dicembre 2021, a 41,8 euro al megawatora (-6,9%)."_
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By Mohi Narayan and Sudarshan Varadhan (Reuters) - Oil prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell's testimony this week. Brent crude futures were trading down 53 cents, or 0.6%, at $85.30 a barrel at 0735 GMT. U.S. West Texas Intermediate (WTI) crude futures were also down 0.6% at $79.21. "Crude remains in a tug-of-war between optimism over Chinese reopening and nervousness over a hawkish Fed hurting the U.S. economy," said Vandana Hari, founder of oil market analysis provider Vanda (NASDAQ:VNDA) Insights. China's closely watched growth outlook, announced on Sunday, was lower than its 5.5% gross domestic product (GDP) growth target last year. GDP grew last year by just 3%. Policy sources had told Reuters a range as high as 6% could be set for 2023. Premier Li Keqiang said on Sunday the foundation for stable growth in China needed to be consolidated, insufficient demand remained a pronounced problem, and the expectations of private investors and businesses were unstable. However, analysts at UBS Investment Bank upgraded their forecasts for China's GDP growth to 5.4% for 2023 and to 5.2% for 2024 from 4.9% and 4.8% respectively. "Economic re-opening is proceeding better than we had expected earlier – the feared 'second-wave' of COVID did not materialize and there was little sign of supply disruptions," Tao Wang, Head of China economic research at UBS Investment Bank, said in a note. Both crude benchmarks settled more than $1 higher on Friday after two sources told Reuters a report that the United Arab Emirates was considering leaving OPEC was inaccurate. Hari said the rebound was bigger than the slump on the original news and put crude prices in "overbought territory, so (it's) hardly surprising that prices are correcting downwards this morning". At the same time, oil prices are likely to be impacted by rate hikes across the world as global central banks tighten policy over fears of increasing inflation. Traders have started factoring in rate hikes across the world, but are hoping for smaller increases than last year. The United States Federal Reserve's Chair Jerome Powell will testify to Congress on Tuesday and Wednesday, where he will likely be quizzed on whether larger hikes are needed in the world's largest oil consuming country. The United States' future rate hikes are also likely to depend on what the February payrolls report reveals on Friday, followed by the February inflation report due next week. Over the weekend, European Central Bank President Christine Lagarde said it was "very likely" they would raise interest rates this month to keep a lid on inflation.
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wti between 77,7 - 74,1 im short
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dax up and down and up ..., wti just a few minutes up but it is down 74-
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che candelozza il wti , qualche news ?
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By Liz Moyer Investing.com -- U.S. stocks were falling after fresh data showed prices accelerated in January, stoking fears about interest rates. At 10:31 ET (15:31 GMT), the Dow Jones Industrial Average fell 490 points or 1.5%, while the S&P 500 was down 1.6% and the NASDAQ Composite was down 2.1%. A key inflation measure used by the Federal Reserve, called the personal consumption expenditure index, rose 0.6% in January, faster than the 0.2% gain in December. On an annual basis, PCE rose to 5.4% in January from a 5.3% gain in December. Core prices, stripping out fuel and food, rose 0.6% and 4.7% for the month and year, respectively. The readings were higher than expected. Hotter-than-expected inflation could encourage the Fed to keep interest rates higher for longer. The market expects the central bank to raise rates by a quarter of a percentage point in March and again in May. The policy rate is expected to reach 5.36% by mid-summer and could remain elevated for the rest of 2023. Shares of Carvana Co (NYSE:CVNA) sank 16% after the used car dealer known for its car vending machines posted a wider-than-expected loss and declining revenue in the fourth quarter because demand for used cars has dwindled. Boeing Co (NYSE:BA) stock fell 4.4% after the plane maker suspended deliveries of its Dreamliner 787 model to examine a fuselage component. Oil was falling. Crude Oil WTI Futures were down 0.7% to $74.89 a barrel, while Brent Oil Futures were down 0.4% to $81.91 a barrel. Gold Futures fell 0.4% to $1,819.
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By Shadia Nasralla LONDON (Reuters) -Oil prices firmed on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories. Brent crude futures rose 84 cents, or 1%, to $81.44 a barrel by 1248 GMT, compared with about $98 a barrel on the eve of Russia's invasion of Ukraine a year ago. West Texas Intermediate crude futures (WTI) advanced 80 cents, or 1.1%, to $74.75 after six sessions of losses. Lending support to prices, Russia plans to cut oil exports from its western ports by up to 25% in March, exceeding its announced production cuts of 500,000 barrels per day. Both oil benchmarks lost more than $2 in the previous session on expectations of further increases to interest rates. Minutes from the latest U.S. Federal Reserve meeting on Wednesday showed that a majority of Fed officials agreed that the risks of high inflation warranted further rate hikes. The policymakers also suggested that a shift to smaller increases would let them calibrate more closely with incoming data. The dollar, meanwhile, has strengthened against a basket of other currencies in recent weeks, making oil more expensive for holders of other currencies. Oil price gains were also kept in check by signs of further crude inventory builds. U.S. crude oil and fuel inventories rose by 9.9 million barrels last week, according to market sources citing American Petroleum Institute figures. U.S. oil inventories have climbed every week since mid-December, stoking worries about demand. [API/S] A Reuters poll had forecast a 2.1 million barrel increase in crude stockpiles last week. Official data from the U.S. Energy Information Administration is due at 1600 GMT. While a stronger dollar remains a near-term headwind for crude, we expect lower Russian production and China's reopening to tighten the oil market and support prices, UBS analysts said.
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By Laura Sanicola and Muyu Xu (Reuters) -Oil edged up on Thursday after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassess positions after the U.S. Federal Reserve stoked worries about the economy by suggesting further rate hikes ahead. Brent crude futures rose 37 cents, or 0.5%, to $80.97 per barrel by 0533 GMT. West Texas Intermediate crude futures (WTI) advanced 32 cents, or 0.4%, to $74.27 a barrel. Both benchmarks lost more than $2 in the previous trading day on expectations of more aggressive interest rate increases. Minutes from the latest U.S. Federal Reserve meeting on Wednesday showed that a majority of Fed officials agreed the risks of high inflation remained a key factor shaping monetary policy and warranted continued rate hikes until it was controlled. The policymakers also suggested that a shift to smaller hikes would let them calibrate more closely with incoming data. Investors are recalibrating the energy market, weighing the prospects for China's reviving demand and tepid consumption in the U.S. and other advanced economies, analysts from Haitong Futures said. Lending some support to oil prices, Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts of 500,000 barrels per day. The dollar index inched down by 0.1% to 104.39 on Thursday, making oil slightly cheaper for those holding other currencies. But oil's price gains were limited by signs of further crude inventory builds. U.S. crude oil and fuel inventories rose by 9.9 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday. U.S. oil inventories have climbed every week since mid-December, stoking investor worries about demand. [API/S] A Reuters poll had forecast a 2.1 million barrel increase in crude stockpiles last week. Official data from the U.S. Energy Information Administration is due on Thursday at 1600 GMT.
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By Rowena Edwards LONDON (Reuters) -Oil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the U.S. Federal Reserve's most recent policy meeting due later in the day would indicate a need for higher interest rates. Brent crude futures for April delivery were down 79 cents, or 0.95%, to $82.26 a barrel at 1452 GMT. West Texas Intermediate (WTI) crude futures for April dropped by 68 cents, or 0.89%, to $75.68 a barrel. The minutes from the Federal Reserve's last policy meeting are expected to give traders a glimpse how much further interest rates may need to rise to slow inflation and cool an economy that has remained stronger than expected despite monetary tightening. Higher interest rates tend to lift the dollar, making dollar-denominated oil more expensive for holders of other currencies and reducing demand. [USD/] Other economic reports from the United States, the world's biggest oil consumer, showed some troubling signs however. Sales of existing homes fell in January to their lowest since October 2010. A preliminary Reuters analyst poll on Tuesday also showed a rise in U.S. crude inventories, exacerbating demand worries. Inventory reports from the American Petroleum Institute, an industry group, are due at 4:30 p.m. ET (2130 GMT) on Wednesday. [EIA/S] The economic outlook across Europe, however, continues to show resilience, UBS said in a note. This followed business surveys released on Tuesday which showed surprisingly strong growth. Expectations of tighter global supplies and rising demand from China also cushioned overall price weakness. Analysts expect China's oil imports to hit a record high in 2023 to meet increased demand for transportation fuel and as new refineries come on stream. In a note on Wednesday, Daniel Hynes, senior commodity strategist at ANZ Bank, pointed to state-owned PetroChina and Unipec booking 10 supertankers to import oil from the United States next month, equal to about 20 million barrels of crude, as signs of rising Chinese demand. China is the world's largest oil importer. Morgan Stanley (NYSE:MS) has raised its global oil demand growth estimate for this year by about 36%, citing growing momentum in China's reopening and a recovery in aviation, but flagged higher supply from Russia as an offseting factor.
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wti 80+ too
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wti 73 - 72,5
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By Noah Browning LONDON (Reuters) -Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia's plans to rein in supply. Brent crude was up $1.08, or 1.3%, to $84.08 a barrel at 1445 GMT. U.S. West Texas Intermediate (WTI) crude for March, which expires on Tuesday, was up 96 cents, or 1.3%, at $77.30. The benchmarks settled $2 down on Friday for a decline of about 4% over the week after the United States reported higher crude and gasoline inventories. The OPEC+ producer group comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia agreed in October to cut oil production targets by 2 million barrels per day (bpd) until the end of 2023. Separately, Russia plans to cut oil production by 500,000 bpd, equating to about 5% of its output, in March after the West imposed price caps on Russian oil and oil products. Analysts, meanwhile, expect China's oil imports to hit a record high in 2023 to meet increased demand for transportation fuel and as new refineries come on stream. "The optimism around China today may be responsible for the gains we're seeing in crude, which would make a lot of sense given it's the world's largest importer and expected to recover strongly from the COVID transition," said Craig Erlam, senior markets analyst at OANDA in London. China and India have become major buyers of Russian crude since the European Union embargo. At the same time, future oil supply shortages are likely to drive prices towards $100 a barrel by the end of the year, Goldman Sachs (NYSE:GS) analysts said in a Feb. 19 note. Prices will move higher "as the market pivots back to deficit with underinvestment, shale constraints and OPEC discipline ensuring supply does not meet demand", they wrote.
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By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday amid optimism over China's demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. Brent crude rose 70 cents, or 0.8%, to $83.70 a barrel by 0720 GMT. U.S. West Texas Intermediate (WTI) crude for March, which expires on Tuesday, was at $76.89 a barrel, up 55 cents or 0.7%. The more active April contract was up 0.8% at $77.14. The benchmarks settled down $2 a barrel on Friday, and closed lower by about 4% last week after the United States reported higher crude and gasoline inventories. "Brent and WTI prices are up slightly this morning after selling off on recent hawkish Fed commentary, following stronger than expected CPI and PPI data released in the U.S.," said Baden Moore, head of commodities research at National Australia Bank (OTC:NABZY). While last week's announcement that the U.S. will sell 26 million barrels of crude oil from its Strategic Petroleum Reserves adds some downward pressure to the market, global supply looks to be "flat to down" versus the previous corresponding period after factoring in production cuts by Russia and OPEC+, added Moore. He was referring to the agreement by the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, last October to cut oil production targets by 2 million barrels per day (bpd) until the end of 2023. Russia plans to cut oil production by 500,000 bpd, or around 5% of output, in March after the West imposed price caps on Russian oil and oil products. "In that context, we continue to see a re-opening of China, and a rebound in China and global jet demand to drive upside risk to prices," Moore said. China is the world's largest crude oil importer. Analysts expect China's oil imports to hit an all-time high in 2023 due to increased demand for transportation fuel and as new refineries come onstream. China, along with India, have become top buyers of Russian crude following the European Union embargo. At the same time, future oil supply shortages are likely to drive prices toward $100 a barrel by the end of the year, analysts from Goldman Sachs (NYSE:GS) said in a Feb. 19 note. Prices will move higher "as the market pivots back to deficit with underinvestment, shale constraints and OPEC discipline ensuring supply does not meet demand," they wrote.
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By Liz Moyer Investing.com -- U.S. stocks were falling on Friday after comments from Federal Reserve officials renewed fears about interest rates. At 9:48 ET (14:48 GMT), the Dow Jones Industrial Average was down 124 points or 0.4%, while the S&P 500 was down 0.8% and the NASDAQ Composite was down 1.2%. Hotter-than-expected producer prices on Thursday prompted fears that the Fed would keep its monetary restrictive for the rest of the year. And St. Louis Fed President James Bullard said he wouldn't rule out supporting a half-percentage point rate increase at the March meeting. Many market watchers have been betting on a quarter of a percentage point increase. Bullard said Thursday he supported the idea of a half-point hike in February to bring the benchmark rate above 5% as soon as possible. Cleveland Fed President Loretta Mester also said she saw a strong case for a bigger increase. Richmond Fed President Thomas Barkin and Fed Gov. Michelle Bowman are scheduled to speak today. Stocks have gyrated this week after the economic data pointing to inflation as well as a tight labor market. Shares of Moderna (NASDAQ:MRNA) fell 6.1% after its experimental mRNA flu vaccine wasn't as effective as an approved vaccine against influenza B. DraftKings (NASDAQ:DKNG) shares jumped 17.1% after the gambling company reported a smaller-than-expected loss in the quarter and raised its outlook for 2023, benefiting as more states legalize sports betting. Deere & Company (NYSE:DE) shares rose 5% after it raised guidance as farmers continue to buy new agriculture equipment. Oil fell. Crude Oil WTI Futures was down 3.9% to $75.44 a barrel, while Brent Oil Futures was down 3.5% to $82.15 a barrel. Gold Futures was down 1% to $1840.
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By Alex Lawler LONDON (Reuters) - Oil prices dropped for a second day on Wednesday on signs of ample U.S. supplies and expectations of further interest rate hikes, though forecasts of higher 2023 demand growth and a potentially tighter market limited losses. U.S. crude stocks rose by a more than forecast 10.5 million barrels, according to market sources citing American Petroleum Institute (API) figures ahead of official Energy Information Administration (EIA) data at 1530 GMT. "Simply put, the U.S. is swimming in oil," said Stephen Brennock of oil broker PVM. Brent crude futures fell 59 cents, or 0.7%, to $84.99 a barrel by 1432 GMT after dropping by more than $1 in earlier trading. U.S. West Texas Intermediate (WTI) crude slipped 64 cents, or 0.8%, to $78.42. U.S. inflation data and remarks by central bank officials that have been perceived as indications that interest rates will go higher for longer also weighed on the market. Federal Reserve officials on Tuesday said that the U.S. central bank will need to maintain gradual increases to interest rates to beat inflation and suggested that price pressures driven by a hot jobs market could push borrowing costs higher than previously expected. Also applying downward pressure on crude was the announcement this week that the United States would sell 26 million barrels of oil from the nation's strategic reserve, which is already at its lowest level in about four decades. Lending some support was Wednesday's report from the International Energy Agency (IEA), which raised its forecast for 2023 oil demand growth and said that restrained OPEC+ production could bring a supply deficit in the second half. The IEA said that about 1 million barrels per day (bpd) of production from OPEC+ member Russia will be shut in by the end of the first quarter, citing a European ban on seaborne imports and a G7 price cap over the invasion of Ukraine. On Tuesday the Organization of the Petroleum Exporting Countries (OPEC) also raised its projection for global oil demand growth and pointed to a tighter market in 2023.
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By Noah Browning LONDON (Reuters) -Oil prices slipped on Monday as investors focused on short-term demand concerns ahead of key U.S. inflation data. Brent crude futures were down 76 cents, or 0.8%, to $85.63 a barrel at 1446 GMT after a 2.2% gain on Friday. U.S. West Texas Intermediate crude was down 69 cents, or 0.8%, at $79.03 after a 2.1% gain in the previous session. "Crude prices are softening as energy traders anticipate a potentially weakening crude demand outlook as a pivotal inflation report could force the Fed to tighten policy much more aggressively," said Edward Moya, senior analyst at OANDA, referring to U.S. consumer price data due on Feb. 14. "This week could deliver a make or break moment in how bad a recession Wall Street prices in." The U.S. Federal Reserve has been raising interest rates to rein in inflation, leading to concerns the move would slow economic activity and demand for oil. "It is difficult to overstate the importance of this single data point, as traders and the Fed look for confirmation of the gradual downward trend of the past few months," said Matthew Ryan, head of market strategy at financial services firm Ebury. Additionally, supply concerns were relieved somewhat as a cargo of Azeri crude set sail from Turkey's Ceyhan port on Monday, the first since a devastating earthquake in the region on Feb. 6. Ceyhan is the storage and loading point for pipelines that carry oil from Azerbaijan and Iraq. Oil prices had risen on Friday after Russia, the world's third-largest oil producer, said it would cut crude production in March by 500,000 barrels per day (bpd), or about 5% of output, in retaliation against Western curbs imposed on its exports in response to the Ukraine conflict. Both the Brent and WTI contracts rose more than 8% last week, buoyed by optimism over demand recovery in China after COVID curbs were scrapped in December.
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By Shadia Nasralla LONDON (Reuters) - Oil prices dipped in U.S. trading hours on Thursday after the country's oil inventories hit their highest in months and on signs that the Federal Reserve could keep raising interest rates. Brent crude futures slipped 95 cents to $84.14 a barrel by 1447 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 90 cents to $77.57 a barrel. Both benchmarks have gained more than 5% so far this week. "Relentlessly rising U.S. commercial inventories and potentially entrenched inflation limit any immediate upside potential," said PVM analyst Tamas Varga. He said recovering Chinese demand and falling inflation were set to support oil prices in the second half of the year. Crude oil stocks in the United States rose last week to their highest since June 2021, helped by higher production, the Energy Information Administration said. [EIA/S] U.S. gasoline and distillate inventories also rose last week. U.S. Federal Reserve officials said more interest rate rises are on the cards as the bank presses on with its efforts to cool inflation, sending bearish signals across risk assets like oil and equities. [GLOB/MKTS] But the prospect of stronger demand from China provided some support to oil prices, as the world's second largest oil consumer ended more than three years of stringent zero-COVID policy. "We expect Chinese oil consumption to increase by around 1.0 million barrels a day this year, with strong growth emerging as early as late in Q1," analysts from ANZ bank wrote in a note. "Overall, this should push global demand up by 2.1 million barrels a day in 2023." BP (NYSE:BP) Azerbaijan declared force majeure on Azeri crude shipments from the Turkish port of Ceyhan on Feb. 7, after a massive earthquake struck Turkey and Syria early on Monday. Azeri oil continues to flow there via pipeline, BP Azerbaijan said on Thursday. Brent's front-month loading contract rose to a $3-a-barrel premium over contracts six months out, a market structure called backwardation, which indicates traders seeing tight current supply.
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_"(Il Sole 24 Ore Radiocor Plus) - New York, 08 feb - Apertura in calo a Wall Street. Ieri, seduta volatile e chiusura in rialzo, dopo le parole del presidente della Federal Reserve, Jerome Powell, all'Economic Club di Washington. 'Ci vorra' un periodo lungo, e tortuoso, per riportare l'inflazione verso l'obiettivo del 2'%, ha detto Powell, ma il processo disinflazionistico, come dichiarato dopo l'ultima riunione, 'e' iniziato'. Per Powell, ci sara' 'un significativo calo dell'inflazione nel 2023' e, secondo lui, 'servira' il 2024 per portare l'inflazione vicina al 2%'. L'attenzione degli investitori torna sulle trimestrali, con Chipotle che perde quasi il 5% in avvio dopo conti inferiori alle attese, mentre CVS e Uber guadagnano rispettivamente il 2,5% e il 6,5% dopo una trimestrale migliore delle attese. Positivo anche l'avvio di Fox News, che guadagna il 6,5% dopo ricavi in rialzo del 4% grazie alla trasmissione della Coppa del Mondo e del football americano. Dopo i primi minuti di scambi, il Dow Jones perde 88,23 punti (-0,26%), lo S&P 500 cede 18,39 punti (-0,44%), il Nasdaq e' in ribasso di 54,92 punti (-0,45%). Il petrolio Wti al Nymex sale dell'1,43% a 78,24 dollari al barile."_
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By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices extended their two-day winning streak on Wednesday, posting slight gains as the dollar weakened, while investors awaited more inventory data for clearer cues on demand trends. Brent crude futures rose 17 cents, or 0.2%, to $83.86 a barrel by 0740 GMT, after gaining 3.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures climbed 31 cents, or 0.4%, to $77.45, after adding 4.1% in the previous session. Oil benchmarks are expected to retain support after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates than markets had expected, while the latest data showed U.S. crude inventories fell despite earlier expectations of a climb. "The improved risk sentiment in the aftermath of Fed Chair Jerome Powell's comments, along with a weaker U.S. dollar, seem to be tapped on for some upside in oil prices, after seeing a lacklustre performance since end-January," said IG's market analyst Yeap Jun Rong. "The reservation is that the overnight downside reaction in the U.S. dollar has been more measured as compared to before," said Yeap, adding that any continued recovery in the dollar could still serve as a headwind for oil prices. The dollar index was down slightly on Wednesday, extending losses after Powell's comments on Tuesday, making oil cheaper for those holding other currencies. With less aggressive interest rate hikes in the United States, the market is hoping the world's biggest economy and oil consumer can dodge a sharp slowdown in economic activity or even a recession and avoid a slump in oil demand. "I think we're in a reasonably balanced market," said Westpac senior economist Justin Smirk. "If we have stronger than expected growth out of the developing world, (oil) prices will be firmer and OPEC will have to step up output. That's not our core view. We don't see a big surge in demand," he said. Supporting the market, weekly inventory data from the American Petroleum Institute industry group showed crude stocks fell by about 2.2 million barrels in the week ended Feb. 3, according to market sources. That defied expectations from nine analysts polled by Reuters, who had estimated crude stocks grew by 2.5 million barrels. However, gasoline and distillate inventories rose more than expected, with gasoline stocks up by about 5.3 million barrels and distillate stocks, which include diesel and heating oil, up by about 1.1 million barrels. The market will be looking to see if data from the U.S. Energy Information Administration, due at 1530 GMT, confirms the decline in crude stocks.
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wti 70 d1
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_"(Il Sole 24 Ore Radiocor Plus) - New York, 06 feb - Apertura in calo a Wall Street. Il Nasdaq e' reduce da cinque settimane consecutive in rialzo, la serie piu' lunga dal novembre 2021, e lo S&P 500 ha raggiunto i massimi degli ultimi cinque mesi, superando i 4.100 punti. Molti investitori stanno cosi' passando all'incasso, dato che lo S&P 500 sta guadagnando oltre il 7% dall'inizio dell'anno. I mercati, in settimana, attendono altre trimestrali e un importante discorso del presidente della Federal Reserve, Jerome Powell, che domani parlera' all'Economic Club di Washington. Al momento, con circa la meta' delle societa' quotate sullo S&P 500 che ha pubblicato i conti, i ricavi sono in calo nel quarto trimestre del 2,7% rispetto al trimestre precedente, secondo i dati di Refinitiv. Dopo il rapporto sull'occupazione di gennaio, che venerdi' ha mostrato un mercato del lavoro ancora molto forte (creati 517.000 posti di lavoro, contro attese per 187.000), si teme che la Fed possa alzare il picco dei tassi d'interesse ben oltre il 5% e che possa mantenerli a quei livelli piu' a lungo di quanto finora previsto. Dopo i primi minuti di scambi, il Dow Jones perde 128,52 punti (-0,38%), lo S&P 500 cede 18,63 punti (-0,45%), il Nasdaq e' in calo di 85,47 punti (-0,71%). Il petrolio Wti al Nymex guadagna lo 0,57% a 73,81 dollari al barile."_
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By Ahmad Ghaddar and Swati Verma LONDON (Reuters) -Oil prices rose on Friday after strong U.S. jobs data, but were still set for weekly falls as investors sought more clarity on the imminent EU embargo on Russian refined products and more signs of demand recovery in top consumer China. Brent crude futures gained $1.16, or 1.4%, to $83.33 a barrel by 1456 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up $1.30, or 1.7%, at $77.18. The two contracts shed about 1% in the previous session. Brent is poised to register a 3.6% decline this week while WTI is on course for a 2.3% drop. U.S. job growth accelerated sharply in January amid a persistently resilient labour market, but a further moderation in wage gains should give the Federal Reserve some comfort in its fight against inflation. The U.S. central bank on Wednesday scaled back to a milder rate increase than those over the past year, but policymakers also projected that "ongoing increases" in borrowing costs would be needed. Increases in interest rates in 2023 are likely to weigh on the U.S. and European economies, boosting fears of an economic slowdown that is highly likely to dent global crude oil demand, said Priyanka Sachdeva, market analyst at Phillip Nova. Investors are eyeing developments on the Feb. 5 European Union ban on Russian refined products, with EU countries seeking a deal on Friday to set price caps for Russian oil products. The Kremlin said on Friday that the EU embargo on Russia's refined oil products would lead to further imbalance in global energy markets. "The exact details around what the cap will be and how they will implement it are still unclear," Capital Economics commodities economist Bill Weatherburn said, adding that the uncertainty is keeping a lid on prices. "There hasn't been any data out of China to indicate the extent of the recovery in China's crude demand." ANZ analysts noted a sharp jump in traffic in China's 15 largest cities after the Lunar New Year holiday but said that Chinese traders had been "relatively absent".
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_"(Il Sole 24 Ore Radiocor Plus) - New York, 30 gen - Apertura in calo a Wall Street, all'inizio di una settimana incentrata sulla decisione della Federal Reserve sui tassi d'interesse (attesa mercoledi') e su una serie di trimestrali, in particolare quelle delle Big Tech. Venerdi' scorso, seduta in rialzo - dopo una partenza in calo - e settimana molto positiva, con un guadagno dell'1,8% per il Dow Jones, del 2,5% per lo S&P 500 e del 4,3% per il Nasdaq, al quarto rialzo settimanale consecutivo. Questo mese, finora, il Dow ha guadagnato circa il 2,5%, lo S&P 500 il 6%, il Nasdaq l'11% e si avvia verso la miglior performance mensile da luglio. Per quanto riguarda la Fed, gli analisti prevedono un rialzo di 25 punti base, dopo quattro rialzi di 75 punti e uno di 50 punti, che hanno portato i tassi al 4,25%-4,5%, il massimo in 15 anni. In settimana, circa il 20% delle societa' sullo S&P 500 pubblichera' i conti finanziari, tra cui McDonald's, Ups, Pfizer, Spotify, Snap, Amd e General Motors nella giornata di martedi', Peloton e Meta Platforms il giorno dopo, Apple, Alphabet, Amazon, Ford, Starbucks e Qualcomm nella giornata di giovedi'. Dopo i primi minuti di scambi, il Dow Jones perde 106,28 punti (-0,31%), lo S&P 500 cede 24,64 punti (-0,61%), il Nasdaq perde 105,94 punti (-0,91%). Il petrolio Wti al Nymex e' in calo dell'1,53% a 78,46 dollari al barile."_
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By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility. Brent crude futures fell 74 cents, or 0.8%, to $85.92 a barrel by 0710 GMT while U.S. West Texas Intermediate crude was at $79.07 a barrel, down 61 cents, or 0.8%. Ahead of the Federal Reserve's policy meeting scheduled on Jan. 31-Feb. 1, the market broadly expects the U.S. central bank to raise interest rates by at least 25 basis points, increasing concerns that the Fed's extended increases in borrowing costs will choke fuel demand growth in the world's biggest oil consumer. Oil prices "are likely being weighed down by potential interest rate hikes in the upcoming Fed meeting," said Serena Huang, head of APAC analysis at Vortexa, in an email. Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC+, are unlikely to tweak their current oil output policy when they meet virtually on Feb. 1. Still, an indication of a rise in crude exports from Russia's Baltic ports in early February caused Brent and WTI to post their first weekly loss in three last week. "No change to the OPEC+ output is expected to be announced at this week's meeting and we expect outlook commentary from the U.S. Fed to be the key driver of the outlook in the near term," said National Australia Bank (OTC:NABZY) analysts in a research note. Oil prices rose earlier on Monday amid tensions in the Middle East following a drone attack in oil producer Iran. While it is not clear yet what's happening in Iran, any escalation there has the potential to disrupt crude flow, said Stefano Grasso, a senior portfolio manager at 8VantEdge in Singapore. China, the world's biggest crude importer, pledged over the weekend to promote a consumption recovery which would support fuel demand after it ended strict COVID-19 curbs in December. The country resumes business this week after its Lunar New Year holidays. The number of passengers travelling prior to the holidays rose above levels in the past two years but is still below 2019, Citi analysts said in a note, citing data from the Ministry of Transport. "Overall international traffic recovery remains gradual, with high-single to low-teens digits to 2019 level, and we expect further recovery when outbound tour group travel resumes on Feb. 6," the Citi note said.
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By Ankur Banerjee SINGAPORE (Reuters) - Asian equities rose to a fresh seven-month high on Thursday, with Hong Kong shares playing catch-up to other markets' gains as trade resumed after its three-day Lunar New Holiday. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.9% to 557.65 and was set for its fifth straight day of gains. The index has gained 10% so far in January, buoyed by expectations of a strong economic rebound in China and by hopes that most major central banks are nearing an end to hefty rate rises. Trading was thin on Thursday with Australia closed for a holiday and certain parts of Asia, including China, still away for the Lunar New Year. The buoyant mood looked set to continue in Europe, with the Eurostoxx 50 futures up 0.58%, German DAX futures 0.58% higher and FTSE futures up 0.30%. Traders betting that the U.S. Federal Reserve will soon tone down its aggressive rate hike policy got a lift after the Bank of Canada on Wednesday raised rates but became the first major central bank to say it would likely hold off on further increases for now. After a series of super-sized rate hikes last year, the U.S. central bank is now largely expected to raise rates by a smaller 25 basis points next week on signs that inflation is cooling. While analysts expect the Fed to eventually pause its interest rate hikes this year, for some the meeting in February is a bit too early for that. "We believe the Fed will make a special effort to avoid suggesting that the end of the tightening process is in sight," said Kevin Cummins (NYSE:CMI), chief economist at NatWest Markets. Cummins said it was likely that the committee would go out of its way to keep the official policy statement free of anything that could be construed as a suggestion that a pause might be under consideration just yet. The spotlight will be on the U.S. GDP data due later on Thursday. The report could mark the last quarter of solid growth before the lagged effects of the Fed's jumbo rate hikes kick in. "The U.S. GDP release today will be of key interest to gauge whether the market expectations shifting in favour of a soft landing rather than a recession can continue to hold," Saxo strategists said in a note to clients. The prospect of a less aggressive pace in monetary tightening has stoked expectations of a so-called soft landing - a scenario in which inflation eases against a backdrop of weakening but still resilient economic growth. Hong Kong's Hang Seng Index surged 1.7% in its first day of trade in the Year of the Rabbit, while Japan's Nikkei fell 0.25%. Investor attention will also be on the Bank of England and European Central Bank meetings due next week, with traders looking for clues as to when the central banks are likely to turn dovish. In the currency market, the dollar index, which measures the U.S. currency against six major rivals, was at 101.64, not far off the eight-month low of 101.51 it touched last week. The Japanese yen strengthened 0.22% to 129.32 per dollar, while sterling was last trading at $1.2394, down 0.05% on the day. The yield on 10-year Treasury notes was down 2.1 bps to 3.441%, while the yield on the 30-year Treasury bond was down 3 bps to 3.595%. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at -68.7 bps. The inversion of this curve has predicted eight of the last nine recessions, analysts have said. Oil prices were steady after U.S. crude stocks rose less than expected. U.S. West Texas Intermediate (WTI) crude rose 0.09% to $80.22 per barrel, while Brent was at $86.05, down 0.08% on the day. [O/R] Gold prices touched a nine-month high, with spot gold at $1,945.55 per ounce, after hitting $1,949.09 earlier in the day.
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By Noah Browning LONDON (Reuters) - Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China. Brent crude was up 12 cents, or 0.1%, at $88.31 a barrel by 1450 GMT. U.S. West Texas Intermediate (WTI) crude rose 8 cents, or 0.1%, to $81.70. "The (United States) economy still could roll over and some energy traders are still sceptical on how quickly China's crude demand will bounce back this quarter," OANDA analyst Edward Moya said in a note. This week traders are watching for more business data as corporate earnings season gathers momentum, offering clues to the health of economies around the globe. On the inventory side, U.S. stocks of crude oil and gasoline were expected to have risen last week while distillate stocks were forecast to fall, a preliminary Reuters poll showed on Monday. Reports are due from the American Petroleum Institute, at 4:30 p.m. ET (2130 GMT) on Tuesday, and from the Energy Information Administration, at 10:30 a.m. (1530 GMT) on Wednesday. Bank JP Morgan raised its forecast for Chinese crude demand but maintained its projection for a 2023 price average of $90 a barrel for Brent crude. "Absent any major geopolitical events, it would be difficult for oil prices to breach $100 in 2023 as there should be more supply than demand this year," it said in an analyst note. Crude oil prices in physical markets have started the year with a rally on increased buying from China after the relaxation of pandemic controls and on trader concern that sanctions on Russia could tighten supply. The dollar, meanwhile, hovered near a nine-month low against the euro and gave back recent gains against the yen as traders continued to gauge the risks of U.S. recession and the path for Federal Reserve policy. A weaker U.S. currency makes dollar-denominated commodities such as oil cheaper for buyers using other currencies. Investors have piled back into petroleum futures and options at the fastest rate for more than two years as concerns over a global business cycle downturn have eased. Euro zone business activity made a surprise return to modest growth in January, S&P Global (NYSE:SPGI)'s flash Composite Purchasing Managers' Index (PMI) showed on Tuesday, but British private sector economic activity fell at its fastest rate in two years.
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**Aggiornamento di metà seduta di Radiocor**: _"Sull'azionario, in un Ftse Mib che procede senza strappi, le utility si portano in vetta (A2a +0,76%, Terna +0,68%) e i petroliferi hanno girato in negativo (Saipem la peggiore, -2,1%) mentre il greggio ha cambiato piu' volte direzione (i future del Wti marzo, prima in calo, salgono dello 0,3% a 81,98 dollari al barile, quelli del Brent di pari scadenza dello 0,2% a 88,46 dollari). In calo anche Finecobank (-1,39%) e Cnh Industrial (-0,98%). Sul fronte opposto i rialzi sono poco marcati, con Prysmian (+0,72%) e Diasorin (+0,7%) tra le migliori."_
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**Commento di apertura da Radiocor**: _"Per quanto riguarda i titoli, sul Ftse Mib svetta Saipem (+4,9%), che si e' aggiudicata due contratti offshore per un importo complessivo di circa 900 milioni di dollari. Il rialzo del greggio (+0,97% i future del Wti marzo a 81,39 dollari al barile, +0,92% a 86,94 dollari quelli del Brent di pari scadenza) sostiene anche gli altri titoli petroliferi (Tenaris +1,47%, Eni +1,5%). In buono spolvero anche le banche (Bper +1,73%, Bpm +1,48%), mentre in coda scivola Amplifon (-2,7%), con Equita che ha rivisto le stime sui ricavi 2022-2023 alla luce delle recenti tendenze del mercato, attendendo un rallentamento del trend organico. Deboli anche Diasorin (-0,47%) e St (-0,72%), con il titolo che prende una pausa in vista della pubblicazione dei conti 2022, il prossimo giovedi'."_
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By Emily Chow KUALA LUMPUR (Reuters) -Oil futures fell by nearly $1 on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures were last down 84 cents, or 1%, to $84.14 a barrel at 0710 GMT, after earlier easing to $83.76. U.S. West Texas Intermediate (WTI) crude futures also declined 91 cents, or 1.1%, to $78.57 a barrel. It earlier fell to a low of $78.13. "The deterioration in U.S. economic data darkened the (oil) demand outlook as recession fears mount again. Risk-off sentiment has sent growth-sensitive commodities down," said Tina Teng, an analyst at CMC Markets, adding that profit-taking could have played a part also. U.S. December retail sales fell by the most in a year, while manufacturing output recorded its biggest drop in nearly two years, as higher borrowing costs hurt demand for goods. Still, Federal Reserve officials said interest rates needed to rise beyond 5% even as inflation shows signs of having peaked and economic activity is slowing. "This raised the spectre of a recession, with risk appetite suffering as a consequence," ANZ Research analysts said in a client note. Adding to the pall, data from the American Petroleum Institute showed U.S. crude oil inventories rose by about 7.6 million barrels in the week ended Jan. 13, according to market sources. The mean average forecast from a Reuters' poll of nine analysts had been for a fall of about 600,000 barrels. The big build marked the second consecutive week of large inventory increases. However, distillate stockpiles, which include diesel and heating oil, fell by about 1.8 million barrels against analysts' expectations for a 120,000-barrel increase. The API report was delayed by a day due to Monday's Martin Luther King Day public holiday in the United States. The government's Energy Information Administration will release its weekly inventory report on Thursday. With aggressive rate hikes still on the cards, the U.S. dollar climbed, weighing on oil demand as a stronger greenback makes the commodity more expensive for those holding other currencies.
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By Stella Qiu SYDNEY (Reuters) - The Japanese yen tumbled and bonds notched their biggest rally in two decades on Wednesday after the country's central bank stuck to its ultra-easy monetary policy, defying expectations that it would start phasing out its massive stimulus programme. Speculation in the bond market that the BOJ would tweak its yield curve control (YCC) settings at the meeting that concluded on Wednesday had pushed 10-year government bond yields above the policy cap of 0.5% for a fourth straight session. The bank, however, maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield. The 10-year yield fell as much as 15 basis points - the biggest drop since November 2023 - to a low of 0.36%, after hitting an intraday high of 0.51% before the BOJ announcement came through. It last traded at 0.395%. Japan's Nikkei share index meanwhile surged 2.5%, the biggest gain since mid-November, bucking the downtrend seen elsewhere. The dollar also gained 2.5% against the Japanese yen to 131.4 yen, in its biggest percentage daily rise since March 2020. Elsewhere, stocks dipped, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.2%, after weak earnings from Goldman Sachs (NYSE:GS) overnight dragged the Dow Jones index 1% lower. The investment bank reported a bigger-than-expected 69% drop in fourth-quarter profit. European markets are set to open slightly higher, with the pan-region Euro Stoxx 50 futures rising 0.3%. S&P 500 futures and Nasdaq futures were both up 0.1%. In a Reuters poll, 97% of economists expected the BOJ to maintain its ultra-easy policy at the meeting. "It was a tough day for the bond vigilantes who were positioned to bully the BOJ into a policy change not justified by their economic forecasts," said Sean Callow, a senior currency strategist at Westpac. "For sure, the BoJ will have its hands full in the JGB market in coming weeks, but with no new forecasts at the March meeting, speculators in both JGBs and JPY should cool their heels a little and adjust their expectations." Mahjabeen Zaman, head of FX Research at ANZ, now expects any further rises in the Japanese yen might have to be delayed until April when a new BOJ governor is expected to be in place. "I guess Kuroda has sort of done the groundwork with widening the band in December, He's done the groundwork for the new governor to get on board and take it from there." Zaman expects the yen to appreciate to 124 per dollar by end 2023 and 116 per dollar by end 2024. Just a month ago the BOJ shocked markets by doubling the allowable band for the 10-year JGB yield to 50 basis points either side of 0%. The change emboldened speculators to test the BOJ's resolve Mizuho Bank analysts said in a note that the BOJ adjusting YCC or pushing interest rates above zero was just a matter of time and execution, given the pressures arising from its divergence from monetary policy elsewhere. A survey of global fund managers by BofA Securities out on Tuesday showed that expectations of further appreciation in the Japanese yen in January were the highest in 16 years. The dollar index, which measures the safe-haven dollar against six peers, rose 0.4% at 102.84. It has been undermined lately by falling U.S. bond yields as markets wager the Federal Reserve can be less aggressive in hiking rates. Longer-dated bonds elsewhere also rose. In the Treasury market, the yield on benchmark 10-year Treasury notes slid 5 basis points to 3.4848%. Oil prices jumped on hopes of Chinese demand rebounding. Brent crude futures rose 0.8% to $86.56 while U.S. West Texas Intermediate (WTI) crude settled up 0.8%, at $80.85. At the World Economic Forum in Davos on Tuesday, German Chancellor Olaf Scholz said he was convinced Europe's largest economy would not fall into a recession. China's Vice Premier Liu He also welcomed foreign investment and declared his country open to the world after three years of pandemic isolation. Data on Tuesday showed China's economic growth had slumped in 2022 to 3.0% - the weakest rate in nearly half a century. Spot gold eased 0.6% to $1899.23 per ounce.
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By Sonali Paul and Muyu Xu MELBOURNE (Reuters) - Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, with its late-2022 U-turn in COVID-19 policy underpinning hopes of a recovery in the country's fuel demand this year. Brent crude futures edged up by 7 cents, or 0.1%, to $84.52 by 0727 GMT, recouping some of the 1% loss in the previous session. U.S. West Texas Intermediate (WTI) crude futures slid 73 cents, or 0.9%, to $79.15 from Friday's close. There was no settlement on Monday because of the U.S. public holiday for Martin Luther King Day. "Brent crude has gained nearly 10% over the past 10 days as optimism over China's reopening boosted sentiment. However, the outlook for the rest of the global economy is uncertain," ANZ commodities analysts said in a client note. ANZ also pointed to a jump in crude supply from Russia weighing on the market, with seaborne exports having risen to 3.8 million barrels per day last week, the highest level since April. China's gross domestic product expanded 3% in 2022, badly missing the official target of "around 5.5%" and marking the second-worst performance since 1976, as the last quarter was hit hard by stringent COVID curbs and a property market slump. The poor economic data still beat analysts' earlier forecasts as Beijing's roll back of its zero-COVID policy in December shored up consumption. Data released on Tuesday also showed China's oil refinery output in 2022 had fallen 3.4% from a year earlier, its first annual decline since 2001, although daily December oil throughput rose to the second-highest level of 2022. "With a stronger end to 2022 than we had expected, plus indications of stronger retail expenditure ahead, the outlook for GDP growth in 2023 has improved compared to our prior outlook," ING Chief Economist, Greater China Iris Pang said in a note. But Pang warned that China still faced considerable headwinds, including likely recessions in the United States and Europe this year. In a bearish survey released at the annual World Economic Forum in Davos, two-thirds of private and public sector economists polled expected a global recession this year, with about 18% considering it "extremely likely". A survey of chief executives' views by PwC was the gloomiest since the firm launched the poll a decade ago. A rise in the dollar from seven-month lows also put pressure on oil prices, as a stronger greenback makes oil more expensive for those holding other currencies.
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_"(Il Sole 24 Ore Radiocor Plus) - Milano, 16 gen - Le Borse europee hanno consolidato i guadagni registrati a inizio 2023. In assenza della guida di Wall Street, chiusa per festivita', gli investitori hanno sposato un atteggiamento piu' prudente, complice anche la corsa messa a punto dai principali indici solamente in due settimane. In ogni caso il trend e' rimasto impostato al rialzo, beneficiando anche del ribasso delle materie prime: il wti cede l'1,2% (il contratto di febbraio si attesta a 78,88 dollari al barile) e il gas, sulla piattaforma TTf di Amsterdam, accusa un altro vero e proprio crollo del 14,3%, passando di mano a 55,5 euro al megawattora. Milano ha guadagnato lo 0,46%, mentre lo spread e' rimasto stabile a 183 punti e il rendimento dei Btp a dieci anni al 3,99% (3,98% venerdi')."_
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W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration and development. The Company currently has working interests in 43 producing fields in federal and state waters and has under lease approximately 737,000 gross acres, including approximately 527,000 gross acres on the Gulf of Mexico Shelf and approximately 210,000 gross acres in the Gulf of Mexico deepwater. A majority of the Company's daily production is derived from wells it operates.
CEO: Tracy Krohn
HQ: 9 Greenway Plz Ste 300 Houston, 77046-0908 Texas