Tubaron
2021-12-08
Oily
Oil Steadies After Two-Day Rally as Report Signals Cushing Gain
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The American Petroleum reported crude inventories at Cushing rose by 2.4 million barrels last week, according to people familiar with the figures. That would be a fourth weekly gain and the largest increase since the week ended Feb. 19 if confirmed by government data due l","content":"<p>(Bloomberg) -- Oil steadied after a two-day rally as an industry report pointed to the biggest gain in stockpiles at a key U.S. storage hub since February.</p>\n<p>Futures in New York traded near $72 a barrel after closing 3.7% higher on Tuesday. The American Petroleum reported crude inventories at Cushing rose by 2.4 million barrels last week, according to people familiar with the figures. That would be a fourth weekly gain and the largest increase since the week ended Feb. 19 if confirmed by government data due later on Wednesday.</p>\n<p>Crude has surged more than 8% over the past two sessions -- rising along with other financial assets -- on cautious optimism that the omicron virus variant is unlikely to derail the global economic recovery. There’s few deaths from the new strain so far and little sign of a major impact on oil demand.</p>\n<p>“The outlook still has plenty of challenges ahead,” said Daniel Hynes, a senior commodities strategist at Australia and New Zealand Banking Group Ltd. in Sydney. “We remain bullish but there are risks to this view in the next few weeks, particularly around China.”</p>\n<p>U.S. crude inventories fell by 3.1 million barrels last week, the API said. That would be the largest draw since September if confirmed by the Energy Information Administration. The EIA is expected to report stockpiles fell by 1.5 million barrels, according to the median estimate in a Bloomberg survey.</p>\n<p>Over the past week some traders have bet on the small chance that WTI’s discount to Brent will surge past $10 a barrel next year. The long-shot wager is a signal that some market participants believe the Biden administration could intervene in the market again to bring down prices following a pledge to sell crude inventories from strategic reserves.</p>","source":"yahoofinance","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 Steadies After Two-Day Rally as Report Signals Cushing Gain</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 Steadies After Two-Day Rally as Report Signals Cushing Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-08 10:40 GMT+8 <a href=https://finance.yahoo.com/news/oil-steadies-two-day-rally-235432769.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil steadied after a two-day rally as an industry report pointed to the biggest gain in stockpiles at a key U.S. storage hub since February.\nFutures in New York traded near $72 a barrel...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-steadies-two-day-rally-235432769.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","ESMV":"iShares ESG MSCI USA Min Vol Factor ETF","PFE":"辉瑞","PXD":"先锋自然资源"},"source_url":"https://finance.yahoo.com/news/oil-steadies-two-day-rally-235432769.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2189652868","content_text":"(Bloomberg) -- Oil steadied after a two-day rally as an industry report pointed to the biggest gain in stockpiles at a key U.S. storage hub since February.\nFutures in New York traded near $72 a barrel after closing 3.7% higher on Tuesday. The American Petroleum reported crude inventories at Cushing rose by 2.4 million barrels last week, according to people familiar with the figures. That would be a fourth weekly gain and the largest increase since the week ended Feb. 19 if confirmed by government data due later on Wednesday.\nCrude has surged more than 8% over the past two sessions -- rising along with other financial assets -- on cautious optimism that the omicron virus variant is unlikely to derail the global economic recovery. There’s few deaths from the new strain so far and little sign of a major impact on oil demand.\n“The outlook still has plenty of challenges ahead,” said Daniel Hynes, a senior commodities strategist at Australia and New Zealand Banking Group Ltd. in Sydney. “We remain bullish but there are risks to this view in the next few weeks, particularly around China.”\nU.S. crude inventories fell by 3.1 million barrels last week, the API said. That would be the largest draw since September if confirmed by the Energy Information Administration. The EIA is expected to report stockpiles fell by 1.5 million barrels, according to the median estimate in a Bloomberg survey.\nOver the past week some traders have bet on the small chance that WTI’s discount to Brent will surge past $10 a barrel next year. 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