empty
22.10.2020 01:40 PM
Growth in gasoline reserves immediately caused negative trend in the oil market

This image is no longer relevant

The price of black gold is again moving in the opposite direction on Thursday morning, which was provided by statistics on the level of raw material reserves in the US. Official data from the Department of Energy rather disappointed market participants, as it reflected an increase in gasoline reserves in the country.

According to a report presented by the US Department of Energy, the level of gasoline reserves increased by 1.9 million barrels last week, which ended October 16. This is contrary to the expected reduction of about 1.6 million barrels in the initial data. American Petroleum Institute (API) also expected it to fall by 1.6 million barrels. The real situation is very different from what analysts had suggested, and this seriously affects the mood of investors.

Meanwhile, the same conclusions were drawn that the demand for gasoline in the US for the previous week fell by 290,000 barrels per day, which forced it to move to its minimum levels recorded at the beginning of this summer. Thus, this figure is now 8.29 million barrels per day.

Most of the market participants were unbalanced by data on the growth of gasoline reserves, which unexpectedly showed a negative trend. In addition, they are the most reliable indicator that the consequences of the second wave of coronavirus infection were still much more significant than it was in the spring.

At the same time, the US Department of Energy confirmed that the total amount of crude oil reserves in the country decreased by 1 million barrels. However, this was not enough to lift the mood of market participants.

Investors are particularly stressed by the news from Libya, which recently started talking about actively restoring black gold production in spite of the agreement with OPEC. According to official data announced by the Deputy Prime Minister, oil production has increased to 500,000 barrels per day, and by the end of this month, it is expected to increase to 550,000 - 560,000 barrels per day. In addition, the market is particularly saddened by the fact that Libya plans to increase production to the level of 1 million barrels per day by the end of this year.

The price of futures contracts for Brent crude oil for December delivery on the trading floor in London fell 0.48% or $0.2, which sent it to $41.53 per barrel. Wednesday's trading ended with a rapid that unsettled the work of most investors. At the closing of trading, it lost 3.3% or $1.43.

The price of futures contracts for WTI crude oil for delivery in December on the electronic trading floor in New York also sank 0.57% or $0.23, which sent it to $39.80 per barrel. Wednesday's trading ended with a global decline of 4% or $1.67.

Maria Shablon,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Resumo de notícias do mercado dos EUA para 17 de março

Os principais índices acionários dos EUA, como o S&P 500 e o Nasdaq, encerraram a semana em território positivo, impulsionados por avanços encorajadores nas negociações comerciais com a China

Ekaterina Kiseleva 16:30 2025-05-05 UTC+2

Europa em pausa: O que está por trás da queda do mercado de ações e da atividade inesperada de Trump

As ações europeias caíram ligeiramente; STOXX 600 - menos 0,1%, França - menos 0,3% Os investidores aguardam dados sobre as negociações entre EUA e China, lucros e decisão

Thomas Frank 14:22 2025-05-05 UTC+2

Resumo de notícias do mercado dos EUA para 2 de maio

Os índices de ações dos EUA continuam a subir, apesar da persistente incerteza econômica. O otimismo dos investidores é impulsionado pelas expectativas de progresso nas negociações comerciais entre

Ekaterina Kiseleva 18:19 2025-05-02 UTC+2

Resumo de notícias do mercado dos EUA para 1º de maio

O mercado acionário dos EUA registrou uma volatilidade notável em abril, mas uma recuperação bem-sucedida ajudou os principais índices a recuperar as perdas. Apesar de os dados mostrarem uma contração

Ekaterina Kiseleva 15:25 2025-05-01 UTC+2

Festa durante a tempestade: S&P 500 comemora ganhos enquanto o dólar se afoga e a China enfraquece

S&P 500 registra o sexto dia consecutivo de ganhos Petróleo cai mais de 1% Atividade manufatureira da China despenca à medida que as tarifas de Trump continuam a pressionar Dólar

Thomas Frank 18:24 2025-04-30 UTC+2

Resumo de notícias do mercado dos EUA para 30 de abril

Os índices acionários dos EUA seguem uma trajetória positiva, mas a pressão no mercado aumentou devido à forte queda nas ações da Super Micro e à proximidade da divulgação

Ekaterina Kiseleva 18:09 2025-04-30 UTC+2

O otimismo retorna aos mercados: onde procurar novos pontos de crescimento?

As ações europeias subiram em meio a esperanças de uma redução nas tensões comerciais entre os EUA e a China. O petróleo WTI caiu 1,54%, para US$ 62,05

Thomas Frank 17:48 2025-04-29 UTC+2

Resumo de notícias do mercado dos EUA para 29 de abril

O S&P 500 e o Nasdaq continuam sua trajetória de alta, mantendo o impulso, apesar dos desempenhos mistos observados em outros setores. A retórica mais suave da administração Trump

Ekaterina Kiseleva 17:10 2025-04-29 UTC+2

Os mercados de ações estão recuperando o otimismo. Onde encontrar novos pontos de entrada

Os índices norte-americanos S&P 500 e Dow encerraram a sessão de segunda-feira em território positivo, apesar da elevada volatilidade nos mercados. Os investidores acompanharam de perto os sinais de progresso

14:44 2025-04-29 UTC+2

Os primeiros 100 dias de Trump já passaram: Mercados aguardam tarifas e lucros de gigantes

Resumos das políticas de Trump As ações europeias subiram na segunda-feira, após um segundo ganho semanal consecutivo Os investidores estão de olho nas mudanças tarifárias, bem como em uma semana

Thomas Frank 17:22 2025-04-28 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.