"WTI crude futures held steady near $110 per barrel on Thursday but were headed for the first monthly decline since November, as fears of an economic slowdown driven by central banks’ aggressive action to combat surging inflation weighed on oil markets this month. Analysts also flagged signs of weakening US gasoline demand, with near-record prices likely suppressing consumption. The four-week moving average of gasoline supplied fell below 9 million barrels a day, or about 600,000 barrels less than typical seasonal levels, EIA data showed. Meanwhile, the US oil benchmark is still up about 45% this year as the global economic recovery from the pandemic slump coincided with disrupted Russian supply due to the war in Ukraine. Underinvestment, capacity limits and political unrest also mired major producers and added to supply concerns. OPEC+ began two days of meetings on Wednesday with sources saying there was little prospect of pumping more oil." a snippet from trading economics
- Forums
- ASX - By Stock
- CE1
- Share Price Catalysts
Share Price Catalysts, page-1543
-
- There are more pages in this discussion • 365 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Biotech innovator secures $5.5M R&D tax incentive refund – major boost for cutting-edge programs
NEWS
Exceptional lithium assays uncovered at Falcon Lake – expanding mineralisation, big potential ahead
Add CE1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.571M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CE1 (ASX) Chart |
Day chart unavailable