Oil extends losses triggered by U.S. inflation fears

Reuters2021-11-11

LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to ...

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精彩评论

robot1234
2021-11-12
robot1234
It's not just the U.S. Inflation alarm bells are also ringing in Japan and—most worryingly—in China. Yesterday, Japan’s central bank reported that its wholesale inflation reached its highest level in 40 years. China, too, reported decades-high producer inflation numbers this week.On Wednesday, China’s National Bureau of Statistics (NBS) reported that its producer price index rose by 13.5% in October from one year ago, the largest increase in 26 years.
- robot1234:
  Tks for sharing
- PaulaBaldwin:
  You are right, the 1 trillion bill really make inflation crazy...
PowerTrade
2021-11-12
PowerTrade
Time to rest before next spring
PearlynCSY
2021-11-12
PearlynCSY
Many major economies are reporting multi-decade highs in inflation rates.
GShocks
2021-11-11
GShocks
Ok noted
YinTing
2021-11-11
YinTing
Don't worry
Chloeyeo
2021-11-11
Chloeyeo
Please comment and like
- YinTing:
  okay

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U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.</p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. 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U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.\nThe Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.\nOn Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.\nA rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.\nIn response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.\n\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.\n\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"\nThe Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.\nBut oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.\n\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6612554,"gmtCreate":1637135167102,"gmtModify":1637135167102,"authorId":3561596430587504,"author":{"id":3561596430587504,"idStr":"3561596430587504","authorId":3561596430587504,"name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879054068,"type":1,"supId":6546627,"prevId":0,"content":"Tks for <u>sharing</u>","text":"Tks for <u>sharing</u>","html":"Tks for <u>sharing</u>"},{"id":6546627,"gmtCreate":1636689182320,"gmtModify":1636689182320,"authorId":9000000000000430,"author":{"id":9000000000000430,"idStr":"9000000000000430","authorId":9000000000000430,"name":"PaulaBaldwin","avatar":"https://static.tigerbbs.com/7e02002a4ff0970395fc8264888e847d","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":879054068,"type":1,"supId":0,"prevId":0,"content":"You are right, the 1 trillion bill really make inflation crazy...","text":"You are right, the 1 trillion bill really make inflation crazy...","html":"You are right, the 1 trillion bill really make inflation crazy..."}],"langContent":"CN"},{"id":879024863,"gmtCreate":1636672640166,"gmtModify":1636672640557,"author":{"id":"3586141073754906","authorId":"3586141073754906","name":"PowerTrade","avatar":"https://static.tigerbbs.com/654a45b6f93ba0e4b1e1778ac7b45526","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586141073754906","idStr":"3586141073754906"},"htmlText":"Time to rest before next spring","listText":"Time to rest before next spring","text":"Time to rest before next spring","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879024863","repostId":1123802009,"repostType":4,"repost":{"id":"1123802009","pubTimestamp":1636639862,"share":"https://www.laohu8.com/m/news/1123802009?lang=&edition=full","pubTime":"2021-11-11 22:11","market":"fut","language":"en","title":"Oil extends losses triggered by U.S. inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1123802009","media":"Reuters","summary":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls tri","content":"<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.</p>\n<p>Brent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.</p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.</p>\n<p>On Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.</p>\n<p>A rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.</p>\n<p>In response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.</p>\n<p>\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.</p>\n<p>\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"</p>\n<p>The Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.</p>\n<p>But oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.</p>\n<p>\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil extends losses triggered by U.S. inflation fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil extends losses triggered by U.S. inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to ...</p>\n\n<a href=\"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123802009","content_text":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.\nBrent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.\nThe Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.\nOn Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.\nA rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.\nIn response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.\n\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.\n\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"\nThe Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.\nBut oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.\n\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":879023882,"gmtCreate":1636672272142,"gmtModify":1636672272825,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4092458811577680","idStr":"4092458811577680"},"htmlText":"Many major economies are reporting multi-decade highs in inflation rates.","listText":"Many major economies are reporting multi-decade highs in inflation rates.","text":"Many major economies are reporting multi-decade highs in inflation rates.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879023882","repostId":1123802009,"repostType":4,"repost":{"id":"1123802009","pubTimestamp":1636639862,"share":"https://www.laohu8.com/m/news/1123802009?lang=&edition=full","pubTime":"2021-11-11 22:11","market":"fut","language":"en","title":"Oil extends losses triggered by U.S. inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1123802009","media":"Reuters","summary":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls tri","content":"<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.</p>\n<p>Brent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.</p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.</p>\n<p>On Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.</p>\n<p>A rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.</p>\n<p>In response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.</p>\n<p>\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.</p>\n<p>\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"</p>\n<p>The Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.</p>\n<p>But oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.</p>\n<p>\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil extends losses triggered by U.S. inflation fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil extends losses triggered by U.S. inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to ...</p>\n\n<a href=\"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123802009","content_text":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.\nBrent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.\nThe Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.\nOn Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.\nA rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.\nIn response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.\n\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.\n\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"\nThe Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.\nBut oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.\n\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":870422300,"gmtCreate":1636643143890,"gmtModify":1636643143975,"author":{"id":"3576722251899808","authorId":"3576722251899808","name":"GShocks","avatar":"https://static.tigerbbs.com/7e33e49aa8c8387188e123f349ee0b07","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3576722251899808","idStr":"3576722251899808"},"htmlText":"Ok noted","listText":"Ok noted","text":"Ok noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870422300","repostId":1123802009,"repostType":4,"repost":{"id":"1123802009","pubTimestamp":1636639862,"share":"https://www.laohu8.com/m/news/1123802009?lang=&edition=full","pubTime":"2021-11-11 22:11","market":"fut","language":"en","title":"Oil extends losses triggered by U.S. inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1123802009","media":"Reuters","summary":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls tri","content":"<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.</p>\n<p>Brent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.</p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.</p>\n<p>On Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.</p>\n<p>A rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.</p>\n<p>In response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.</p>\n<p>\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.</p>\n<p>\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"</p>\n<p>The Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.</p>\n<p>But oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.</p>\n<p>\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil extends losses triggered by U.S. inflation fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil extends losses triggered by U.S. inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to ...</p>\n\n<a href=\"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123802009","content_text":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.\nBrent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.\nThe Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.\nOn Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.\nA rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.\nIn response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.\n\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.\n\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"\nThe Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.\nBut oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.\n\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":870426413,"gmtCreate":1636643138527,"gmtModify":1636643138975,"author":{"id":"3576061323846814","authorId":"3576061323846814","name":"YinTing","avatar":"https://static.tigerbbs.com/a28f0c9c918d2ce99c3d3f9eee4309fa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576061323846814","idStr":"3576061323846814"},"htmlText":"Don't worry","listText":"Don't worry","text":"Don't worry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870426413","repostId":1123802009,"repostType":4,"repost":{"id":"1123802009","pubTimestamp":1636639862,"share":"https://www.laohu8.com/m/news/1123802009?lang=&edition=full","pubTime":"2021-11-11 22:11","market":"fut","language":"en","title":"Oil extends losses triggered by U.S. inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1123802009","media":"Reuters","summary":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls tri","content":"<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.</p>\n<p>Brent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.</p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.</p>\n<p>On Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.</p>\n<p>A rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.</p>\n<p>In response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.</p>\n<p>\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.</p>\n<p>\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"</p>\n<p>The Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.</p>\n<p>But oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.</p>\n<p>\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil extends losses triggered by U.S. inflation fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil extends losses triggered by U.S. inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to ...</p>\n\n<a href=\"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123802009","content_text":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.\nBrent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.\nThe Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.\nOn Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.\nA rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.\nIn response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.\n\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.\n\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"\nThe Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.\nBut oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.\n\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":870463444,"gmtCreate":1636642566443,"gmtModify":1636642566885,"author":{"id":"3577078420999059","authorId":"3577078420999059","name":"Chloeyeo","avatar":"https://static.tigerbbs.com/c0640230dfe63a2ae4b136fc5bfc6d62","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577078420999059","idStr":"3577078420999059"},"htmlText":"Please comment and like","listText":"Please comment and like","text":"Please comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/870463444","repostId":1123802009,"repostType":4,"repost":{"id":"1123802009","pubTimestamp":1636639862,"share":"https://www.laohu8.com/m/news/1123802009?lang=&edition=full","pubTime":"2021-11-11 22:11","market":"fut","language":"en","title":"Oil extends losses triggered by U.S. inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1123802009","media":"Reuters","summary":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls tri","content":"<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.</p>\n<p>Brent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.</p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.</p>\n<p>On Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.</p>\n<p>A rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.</p>\n<p>In response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.</p>\n<p>\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.</p>\n<p>\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"</p>\n<p>The Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.</p>\n<p>But oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.</p>\n<p>\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil extends losses triggered by U.S. inflation fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil extends losses triggered by U.S. inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to ...</p>\n\n<a href=\"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/energy/oil-prices-steady-after-falling-signs-us-may-release-more-reserves-2021-11-11/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123802009","content_text":"LONDON, Nov 11 (Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns over rising U.S. inflation while OPEC cut its 2021 oil demand forecast due to high energy prices.\nBrent crude futures lost 52 cents, or 0.63%, to $82.12 a barrel by 1343 GMT after rising to $83.37 in morning trade. U.S. West Texas Intermediate (WTI) futures were down 83 cents, or 1%, at $80.51.\nThe Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report it expects oil demand to average 99.49 million barrels per day (bpd) in the fourth quarter of 2021, down 330,000 bpd from last month's forecast. The group however stuck to its prediction of robust growth to above pre-pandemic rates in 2022.\nOn Wednesday, data showed U.S. inflation increased by 6.2%, the fastest rate in 30 years, driven largely by higher energy prices, pushing the dollar higher and sending Brent and WTI crude down by 2.5% and 3.3% respectively.\nA rise in U.S. oil stocks after a government release of some strategic reserves put further pressure on prices.\nIn response to the rising inflation, U.S. President Joe Biden said he asked the National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector to reverse inflation.\n\"Crude prices are trying to find their footing after yesterday's slide as runaway inflation in America is adding pressure on the Biden administration to tap the Strategic Petroleum Reserve (SPR),\" said Edward Moya, senior analyst at OANDA.\n\"Energy traders know that an SPR release will only deliver a very short-term drop in prices that won't provide much relief for the American consumer.\"\nThe Brent crude price has gained more than 60% this year and hit a three-year high of $86.70 on Oct. 25, supported by recovering demand and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+.\nBut oil prices appear to be consolidating below $85 a barrel, Norbert Rucker, head of economics at Julius Baer, said in a note.\n\"We could be looking at early signs of a fundamental transition towards an easing market, not least as oil demand should only grow gradually going forward with the pick-up in U.S. shale and petro-nation supply.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6539710,"gmtCreate":1636643146099,"gmtModify":1636643146133,"authorId":3576061323846814,"author":{"id":3576061323846814,"idStr":"3576061323846814","authorId":3576061323846814,"name":"YinTing","avatar":"https://static.tigerbbs.com/a28f0c9c918d2ce99c3d3f9eee4309fa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":870463444,"type":1,"supId":0,"prevId":0,"content":"<u>okay</u>","text":"<u>okay</u>","html":"<u>okay</u>"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":96,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123802009"}