Oil Advances With Global SPR Release Smaller Than Expected_老虎社区_美港股上老虎

Oil Advances With Global SPR Release Smaller Than Expected

Bloomberg2021-11-23

(Bloomberg) -- Oil climbed, erasing an earlier loss, as a landmark plan from consumers to tap their strategic oil reserves was less severe than markets expected. Futures in New York wiped out losses ...

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ndut88
·2021-11-24
Ok
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ckh
·2021-11-24
Seems will be going up if opec+ not increasing production next week
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- 乌雨花香:
  👍
  2021-11-24
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Pluto891
·2021-11-24
in dilemma... sigh
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- WCH123:
  like
  2021-11-24
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Jen88
·2021-11-23
Ok
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UNCLEUNCLE
·2021-11-23
I see
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- Jen88:
  Ok
  2021-11-23
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- Minhoshuting:
  Ok
  2021-11-23
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SSim
·2021-11-23
Like pls
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5
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- JHFG:
  k
  2021-11-23
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- JoshuaLiew:
  Ok
  2021-11-23
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- RossT:
  So will it drop or up
  2021-11-23
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While the headline size of the U.S. release is large, a significant chunk of the crude will be borrowed -- to be returned later -- leaving traders expecting tighter balances down the line. The U.S. is making the move in concert with China, Japan, India, South Korea and the U.K.\nOil prices have hit multiyear highs in recent months amid a global energy crisis that’s added hundreds of thousands of barrels a day to consumption, while the world economy is grappling with surging inflation. The decision puts major consumers on a collision course with OPEC+, which views such a release as unjustified and may reconsider plans to add more supply at a meeting on Dec. 2.\nThe main announcements so far are:\n\nU.S.: 50 million barrels, 18 million of which are accelerated pre-approved sales while the remaining 32 million are part of an exchange\nIndia: 5 million barrels\nJapan: Several days worth of volume, according to local media\nChina: At least 7.33 million barrels, according to industry consultant JLC\nSouth Korea: Said it would release an unspecified volume\nU.K.: 1.5 million barrels\n\nThe news put pressure on the U.S. market, with so-called time spreads for nearby months weakening sharply after the announcement. However, outright prices traded higher than before the confirmation of the landmark move. That was because the total volume had been seen as largely priced in, and much of the supply is set to be returned at a later date.\n“This is not going to solve much,” said Ole Hansen, head of commodities strategy at Saxo Bank. “Only 18 million barrels for real, while the rest to my understanding will be loaned out and bought back at a later stage.”\nSee also: How U.S. Presidents Use Strategic Petroleum Reserve: QuickTake\nThe administration is prepared to take further, unspecified steps, if needed, the White House said. When asked about the potential for a U.S. export ban in the future, the administration continued to suggest that all options are on the table.\nFocus will now turn to how the Organization of Petroleum Exporting Countries and its allies will react to the release when they gather next week. 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stockpiles.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":875772083,"gmtCreate":1637708150214,"gmtModify":1637708150214,"author":{"id":"3581930764374575","authorId":"3581930764374575","name":"ndut88","avatar":"https://static.tigerbbs.com/5f0ffcba4814c1ef4430f46846c35cd0","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875772083","repostId":1167395981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":875757091,"gmtCreate":1637705991302,"gmtModify":1637705991680,"author":{"id":"3568200501659310","authorId":"3568200501659310","name":"ckh","avatar":"https://static.tigerbbs.com/046085c4c23df63d33eb436617a32ed6","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Seems will be going up if opec+ not increasing production next week","listText":"Seems will be going up if opec+ not increasing production next week","text":"Seems will be going up if opec+ not increasing production next week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875757091","repostId":1167395981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6700187,"gmtCreate":1637715118483,"gmtModify":1637715118515,"authorId":3582101321255914,"author":{"id":3582101321255914,"authorId":3582101321255914,"name":"乌雨花香","avatar":"https://static.tigerbbs.com/98b16b55879fd1a4b831b436592733a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":875757091,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"CN"},{"id":875796004,"gmtCreate":1637683471012,"gmtModify":1637683471457,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"in dilemma... sigh","listText":"in dilemma... sigh","text":"in dilemma... 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see","listText":"I see","text":"I 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pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/875492851","repostId":1167395981,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6694966,"gmtCreate":1637679184397,"gmtModify":1637679184431,"authorId":3581584136411536,"author":{"id":3581584136411536,"authorId":3581584136411536,"name":"JHFG","avatar":"https://static.tigerbbs.com/e048fb469b216f96902bba2f89b85c19","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":875492851,"type":1,"supId":6694621,"prevId":0,"content":"k","text":"k","html":"k"},{"id":6694780,"gmtCreate":1637678512072,"gmtModify":1637678512176,"authorId":3559194206832147,"author":{"id":3559194206832147,"authorId":3559194206832147,"name":"JoshuaLiew","avatar":"https://static.tigerbbs.com/b503d223679dec0ab7416f6186269f11","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":875492851,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6694653,"gmtCreate":1637678058656,"gmtModify":1637678058742,"authorId":3571876457050464,"author":{"id":3571876457050464,"authorId":3571876457050464,"name":"RossT","avatar":"https://static.tigerbbs.com/c05489dba5744564e34adf12817967c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":875492851,"type":1,"supId":0,"prevId":0,"content":"So will it drop or up","text":"So will it drop or up","html":"So will it drop or up"},{"id":6694621,"gmtCreate":1637677930411,"gmtModify":1637677930548,"authorId":3581500801642403,"author":{"id":3581500801642403,"authorId":3581500801642403,"name":"x24","avatar":"https://static.tigerbbs.com/fa1bd70bb645bccd73eaf5fb04781e95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":875492851,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":94,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}