(NYMEX crude closes) Demand outlook is better, crude oil prices rebound
-
Last Update: 2020-07-02
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Summary: China's positive buybacks, ending nine consecutive weeks of reverse buybacks, the Bank of Japan has again expressed a 2% inflation target, while Germany raised its economic growth forecast, oil demand prospects are better, oil prices rose sharplyNYMEX May crude futures hit a high of $93.87 a barrel, hitting a low of $91.11 a barrel, up $2.21, or 2.42 percent, at $93.64 a barrelKYr
Thursday (April 25) trend description:KYrthe Chinese market for positive buybacks, ending a nine-week round of reverse buybacks, the Bank of Japan also reiterated its 2% inflation target, while Germany raised its economic growth forecast, oil demand prospects are better, oil prices rose sharplyKYr
The Daily K-line chart shows that NYMEX May crude oil futures closed at the mid-yang line with the lower shadow lineCrude oil prices held steady and wobbled in AsiaThe U.Ssession rebounded sharplyKYr
NYMEX May crude futures hit a high of $93.87 a barrel, hitting a low of $91.11 a barrel, up $2.21, or 2.42 percent, at $93.64 a barrelKYr
Fundamentals: KYr 1 David Lipton, the first vice-chairman of the International Monetary Fund, said on Thursday that the European Central Bank may need to do more to support the eurozone economy, such as easing policy and more aggressively addressing the financial market collapse of the monetary union KYr
28 days after the Chinese's Open Market, the Bank of China (PBOC) launched a Rmb18bn buyback operation, industry sources said on Thursday Based on this estimate, the central bank this week will put a net investment of 124 billion yuan, ending the previous nine consecutive weeks of net return KYr
Haruhiko Kuroda, governor of the Bank of Japan, said on Thursday that he had no intention of abandoning the central bank's 2 per cent inflation target, even if aggressive debt-buying was stourating financial markets KYr
4 The German government on Thursday raised its forecast for economic growth in 2013 and maintained its forecast for next year The German government expects the country's economy to grow by 0.5% in 2013, up 0.1 percentage points from the previous forecast At the same time, the government maintained its judgment of 1.6 percent growth in 2014 KYr
German Chancellor Angela Merkel said on Thursday that the European Central Bank should raise interest rates if it was in Germany's interest rate alone, but that it would be difficult to do so because of the widening economic differences "The ECB is in a difficult position, and for Germany, there should actually be a small increase in interest rates now, but for other countries it needs more liquidity support," Merkel told a news conference on the banking system "
KYr fundamental stake: KYr 1 Philipp Roessler, Germany's economy minister, said on Thursday that germany would stick to austerity measures and that other euro-zone countries should continue to consolidate their budgets KYr
The number of Americans who started asking for unemployment benefits fell sharply last week, performing better than expected, according to data released Thursday by the U.S Labor Department The number of Americans asking for unemployment benefits fell 16,000 to 339,000 at the start of the week on April 20, compared with an expected 351,000, the data showed KYr
Oil Move, a British consultancy, said on Thursday that the Organization of the Petroleum Exporting Countries(OPEC), which does not include Angola and Ecuador, would increase its seaborne oil exports by an average of 60,000 barrels per day in the four weeks to May 11 KYr
Technical surface pattern analysis: KYr day K line chart shows that NYMEX April crude oil futures closed with a small negative line with the lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down KYr
Future Outlook: "I think oil prices will start the upward trend as the Driving Season in the Us begins, refining rates are about to start, and Cushing inventories are down, and the US discount to Brent crude oil will fall further," said Tony Nunan, risk manager at mitsubishi Corp, KYr "
KYr On Friday focus on KYr New Zealand March trade account KYr Japan March National Consumer Price Index KYr April Tokyo Consumer Price Index KYr Germany Real Retail Sales KYr Us First Quarter GDP level The initial index reduction KYr the end value of the University of Michigan Consumer Confidence Index in April KYr the Bank of Japan Monetary Policy Meeting, announced the interest rate decision / Bank of Japan Governor Haruhiko Kuroda will hold a press conference KYr European Central Bank Executive Committee member Asmson speech at the European 2013 mergers and acquisitions meeting KYr Abstract: China's market is buying back, ending nine consecutive weeks of reverse buybacks, the Bank of Japan has again expressed its 2% inflation target, while Germany has raised its growth forecast, oil demand prospects are better, oil prices have risen sharply NYMEX May crude futures hit a high of $93.87 a barrel, hitting a low of $91.11 a barrel, up $2.21, or 2.42 percent, at $93.64 a barrel KYr
Thursday (April 25) trend description: KYr the Chinese market for positive buybacks, ending a nine-week round of reverse buybacks, the Bank of Japan also reiterated its 2% inflation target, while Germany raised its economic growth forecast, oil demand prospects are better, oil prices rose sharply KYr
The Daily K-line chart shows that NYMEX May crude oil futures closed at the mid-yang line with the lower shadow line Crude oil prices held steady and wobbled in Asia The U.S session rebounded sharply KYr
NYMEX May crude futures hit a high of $93.87 a barrel, hitting a low of $91.11 a barrel, up $2.21, or 2.42 percent, at $93.64 a barrel KYr
Fundamentals: KYr 1 David Lipton, the first vice-chairman of the International Monetary Fund, said on Thursday that the European Central Bank may need to do more to support the eurozone economy, such as easing policy and more aggressively addressing the financial market collapse of the monetary union KYr
28 days after the Chinese's Open Market, the Bank of China (PBOC) launched a Rmb18bn buyback operation, industry sources said on Thursday Based on this estimate, the central bank this week will put a net investment of 124 billion yuan, ending the previous nine consecutive weeks of net return KYr
Haruhiko Kuroda, governor of the Bank of Japan, said on Thursday that he had no intention of abandoning the central bank's 2 per cent inflation target, even if aggressive debt-buying was stourating financial markets KYr
4 The German government on Thursday raised its forecast for economic growth in 2013 and maintained its forecast for next year The German government expects the country's economy to grow by 0.5% in 2013, up 0.1 percentage points from the previous forecast At the same time, the government maintained its judgment of 1.6 percent growth in 2014 KYr
German Chancellor Angela Merkel said on Thursday that the European Central Bank should raise interest rates if it was in Germany's interest rate alone, but that it would be difficult to do so because of the widening economic differences "The ECB is in a difficult position, and for Germany, there should actually be a small increase in interest rates now, but for other countries it needs more liquidity support," Merkel told a news conference on the banking system "
KYr fundamental stake: KYr 1 Philipp Roessler, Germany's economy minister, said on Thursday that germany would stick to austerity measures and that other euro-zone countries should continue to consolidate their budgets KYr
The number of Americans who started asking for unemployment benefits fell sharply last week, performing better than expected, according to data released Thursday by the U.S Labor Department The number of Americans asking for unemployment benefits fell 16,000 to 339,000 at the start of the week on April 20, compared with an expected 351,000, the data showed KYr
Oil Move, a British consultancy, said on Thursday that the Organization of the Petroleum Exporting Countries(OPEC), which does not include Angola and Ecuador, would increase its seaborne oil exports by an average of 60,000 barrels per day in the four weeks to May 11 KYr
Technical surface pattern analysis: KYr day K line chart shows that NYMEX April crude oil futures closed with a small negative line with the lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down KYr
Future Outlook: "I think oil prices will start the upward trend as the Driving Season in the Us begins, refining rates are about to start, and Cushing inventories are down, and the US discount to Brent crude oil will fall further," said Tony Nunan, risk manager at mitsubishi Corp, KYr "
KYr On Friday focus on KYr New Zealand March trade account KYr Japan March National Consumer Price Index KYr April Tokyo Consumer Price Index KYr Germany Real Retail Sales KYr Us First Quarter GDP level The initial index reduction KYr the end value of the University of Michigan Consumer Confidence Index in April KYr the Bank of Japan Monetary Policy Meeting, announced the interest rate decision / Bank of Japan Governor Haruhiko Kuroda will hold a press conference KYr European Central Bank Executive Committee member Asmson speech at the European 2013 mergers and acquisitions meeting KYr
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.