DChia
2021-10-11
Keep a lookout for XOM
Crude jumps on global energy crunch; U.S. oil at 7-year high
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Enaikhe
2021-10-11
Enaikhe
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U.S. oil was up $1.51, or 1.9%, at $80.86 a barrel, the highest since late 2014. 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U.S. oil was up $1.51, or 1.9%, at $80.86 a barrel, the highest since late 2014. U.S. crude rose 4.6% through Friday.\nPrices have risen as more vaccinated populations are brought out of lockdowns, supporting a revival of economic activity, with Brent advancing for five weeks and U.S. crude for seven.\nCoal and gas prices have also been surging as economies recover, making oil more attractive as a fuel for power generation, pushing crude markets higher.\n\"There's no direct news flow, the moves are momentum driven where intermarket factors implying higher expected inflation are supporting the bullish move in oil prices,\" said Kelvin Wong, commodities analyst at CMC Markets in Singapore.\nIn India, some states are experiencing blackouts and further electricity cuts because of coal shortages, while in China the government has ordered miners to ramp up coal production as power prices surge.\nThe energy crisis sweeping the world is raising the prospect of a difficult winter to come as heating demand rises.\nFund managers increased their net long positions in U.S. crude futures and options in the week to Oct. 5, the Commodity Futures Trading Commission said on Friday.\nThe speculator group increased combined futures and options position in New York and London by 8,902 contracts to 325,578 during the period, the commissions said.\nDrillers in the United States are taking advantage of the increase in prices and added five new oil wells last week, the fifth straight weekly increase in oil and gas rigs.\nThe Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week decided to maintain a steady and gradual increase in production.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XOM"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":6160211,"commentId":"6160211","gmtCreate":1633930748662,"gmtModify":1633930748662,"authorId":4093002116743800,"author":{"id":4093002116743800,"idStr":"4093002116743800","authorId":4093002116743800,"name":"Enaikhe","avatar":"https://static.tigerbbs.com/97b70ec54f4e59267e9295d215b579fa","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":828578926,"objectIdStr":"828578926","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks.","text":"Thanks.","html":"Thanks.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/828578926"}
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