Tuesday, October 21, 2025
No Result
View All Result
newshub
  • Global news
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Newshub long-read
  • Financial insights
    • Australia
    • Banking
    • Business of the week
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Europe
    • Fin & tech
      • Tech
      • AI
      • Blockchain
    • Investment
    • Japan
    • Neobanking
    • South East Asia
    • UK
    • US
  • Africa
    • Africa finance
    • Burundi
    • Gambia
    • Senegal
  • Asia
    • Asia finance
    • Laos
    • Malaysia
    • South Korea
  • Caribbean
  • MSTRpay
  • Press releases
  • Global news
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Newshub long-read
  • Financial insights
    • Australia
    • Banking
    • Business of the week
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Europe
    • Fin & tech
      • Tech
      • AI
      • Blockchain
    • Investment
    • Japan
    • Neobanking
    • South East Asia
    • UK
    • US
  • Africa
    • Africa finance
    • Burundi
    • Gambia
    • Senegal
  • Asia
    • Asia finance
    • Laos
    • Malaysia
    • South Korea
  • Caribbean
  • MSTRpay
  • Press releases
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Oil climbs on supply disruptions, China optimism

2022/12/13/12:17
in Oil
Reading Time: 2 mins read
235 17
A A
Oil climbs on supply disruptions, China optimism

A container ship sails along Nakhodka Bay near the oil terminal in the port city of Nakhodka, Russia August 12, 2022.

Oil extended gains on Tuesday on supply disruptions and as COVID restrictions eased in China, the world’s largest crude importer.

Brent crude futures were up 90 cents, or 1.15%, to $78.89 per barrel by 1020 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 67 cents, or 0.92%, to $73.84.

WTI hit a low of $70.25 on Monday, close to the $70 theoretical buyback price at which U.S. President Joe Biden aimed to replenish U.S. crude stocks. This offered support on Tuesday.

Further support followed “relaxations of COVID curbs in China, the threat of lower Russian output in response to the G7 price cap, [and] an outage on the keystone pipeline in the U.S.,” said Craig Erlam, senior market analyst at OANDA.

A timetable to restart TC Energy Corp’s (TRP.TO) Keystone Pipeline, which ships 620,000 barrels per day (bpd) of Canadian crude to the United States, remains unclear after a rupture last week.

According to a preliminary Reuters poll, the closure has raised expectations that U.S. crude inventories will decline by 3.9 million barrels in the week to Dec. 9.

Reports from the American Petroleum Institute are due at 4.30 pm ET (2130 GMT) on Tuesday.

The disruption comes as export volumes from Russia’s Baltic and Black Sea ports are set to decline this month.

Investment banks Bank of America and Goldman Sachs said a successful economic reopening in China on Monday could further boost oil prices above $90 per barrel.

China has scrapped some of its strict COVID curbs over the past week but surging infection rates continue to feed uncertainty.

“Inflation is high, economic growth is stuttering, the global recession is looming, oil consumption is under pressure and supply is unpredictable at best,” Tamas Varga, an analyst at PVM Oil Associates, said.

The market will continue to look for signals from the OPEC monthly report and the U.S. Consumer Price Index due on Tuesday. Central bank decisions on interest rates are expected from the Federal Reserve on Wednesday, and the Bank of England and European Central Bank on Thursday.

Source: Reuters

No Result
View All Result

Recent Posts

  • Bolivia’s political reset: Rodrigo Paz elected president, ending two decades of socialist rule
  • Africa’s Top 20 Banks 2025: East Africa emerges as the continent’s fastest-growing financial region
  • Google’s new AI tool identifies genetic drivers behind cancer growth
  • Trump ignites diplomatic storm after calling Colombia’s president an ‘illegal drug dealer’
  • Asian markets open mixed as investors weigh global cues and earnings outlook

Recent Comments

    Archives

    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • Africa finance
    • AI
    • An diesem Tag
    • Asia
    • Asia finance
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Burundi
    • Business of the week
    • Carbon
    • Caribbean
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Jamaica
    • Japan
    • Laos
    • Laos
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub long-read
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Senegal
    • Solar
    • South America
    • South East Asia
    • South Korea
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind
    • World safety

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • Bolivia’s political reset: Rodrigo Paz elected president, ending two decades of socialist rule
    • Africa’s Top 20 Banks 2025: East Africa emerges as the continent’s fastest-growing financial region
    • Google’s new AI tool identifies genetic drivers behind cancer growth
    • Trump ignites diplomatic storm after calling Colombia’s president an ‘illegal drug dealer’
    • Asian markets open mixed as investors weigh global cues and earnings outlook

    Categories

    • Africa
    • Africa finance
    • AI
    • An diesem Tag
    • Asia
    • Asia finance
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Burundi
    • Business of the week
    • Carbon
    • Caribbean
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Jamaica
    • Japan
    • Laos
    • Laos
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub long-read
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Senegal
    • Solar
    • South America
    • South East Asia
    • South Korea
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind
    • World safety

    Archives

    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    newshub

    © 2023-2025
    MSTRpay AB
    Legal & Disclosure

    • Global news
    • Financial insights
    • Africa
    • Asia
    • Caribbean
    • MSTRpay
    • Press releases

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Global news
      • Climate & energy
        • Climate
        • Carbon
        • Coal
        • Disruptive
        • Gas
        • Nuclear
        • Oil
        • Solar
        • Water
        • Waves
        • Wind
        • Renewable
        • South America
      • Lifestyle
        • Best chefs
        • Cocktail of the week
        • History
        • Influential women
        • Newshub long-read
    • Financial insights
      • Australia
      • Banking
      • Business of the week
      • Central Banks
      • China
      • Commodities
      • Corporate
      • Europe
      • Fin & tech
        • Tech
        • AI
        • Blockchain
      • Investment
      • Japan
      • Neobanking
      • South East Asia
      • UK
      • US
    • Africa
      • Africa finance
      • Burundi
      • Gambia
      • Senegal
    • Asia
      • Asia finance
      • Laos
      • Malaysia
      • South Korea
    • Caribbean
    • MSTRpay
    • Press releases

    © 2023-2025
    MSTRpay AB
    Legal & Disclosure