Oil prices fell for a fourth day on Thursday on concerns that new COVID curbs in China, the world's biggest crude importer, will impact fuel demand.
Brent crude futures fell 34 cents, or 0.4%, to $92.31 a barrel at 0115 GMT. U.S. West Texas Intermediate crude futures were down 31 cents at $85.52 a barrel.The manufacturing hub of Guangzhou, a city of 19 million people, on Thursday reported more than 2,000 new cases for Nov. 9, the third day above that level, in the city's worst outbreak so far. Millions of residents were told to
Crude oil stockpiles rose by 3.9 million barrels last week, the U.S. Energy Information Administration said, taking inventories to their highest since July 2021. Bearishness around the rise in U.S. crude oil stockpiles may have been overdone, Commonwealth Bank analyst Vivek Dhar said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oil prices ease on U.S. inventory build, China COVID worriesOil prices slid on Wednesday as industry data showed U.S. crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would hurt fuel demand.
Baca lebih lajut »
Oil prices dip on U.S. inventory build, China COVID worriesOil prices slipped on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand.
Baca lebih lajut »
Oil weakens as investors assess China demand outlookOil futures lose ground Tuesday as investors assess China's COVID policy.
Baca lebih lajut »
Crude Oil Forecast: Brent Limited by China’s COVID Policies and Stronger USDBrent crude oil prices have been marginally curtailed this morning after Chinese health officials reiterated this importance of their ‘zero-COVID’ policies, suppressing optimism around a Chinese reopening. Get your market update from WVenketas here:
Baca lebih lajut »
Apple says iPhone supplies hurt by anti-COVID curbs in ChinaApple is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China.
Baca lebih lajut »
China sees violent protests against COVID restrictions, and U.S. cases have been risingSeven people in northeastern China were arrested after a clash between residents and police enforcing COVID quarantine restrictions, the Associated Press reported.
Baca lebih lajut »