Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve_老虎社区_美港股上老虎

Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve

MarketWatch2021-11-24

Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives? First off, a ...

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285

nautiann
·2021-11-24
🤔🤔
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Kong06
·2021-11-24
👌
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2
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小虎一飞冲天
·2021-11-24
Like pls. Thanks.
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2
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- kenong62:
  ok done
  2021-11-24
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13cd0426
·2021-11-24
Hmm
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3
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- 13cd0426:
  Wow
  2021-11-24
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robot1234
·2021-11-24
A pot of headlines but according to analysts, the reality is the impact is going to be modest. The usual US talkshow but little action
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10
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- robot1234:
  Tks for sharing
  2021-11-24
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- LimLS:
  US control and influence over the gulf states are weakening too. Let see how OPEC+ reacts and we will know how much influence US still have left. Not really positive though
  2021-11-24
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- gunsonfire:
  A
  2021-11-24
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ThaiGirl
·2021-11-24
The oil is still very much in demand despite U S intervention.
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6
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- Kong06:
  Ok
  2021-11-24
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- KLCC:
  Theres always not enough oil! 😢
  2021-11-24
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- IAS:
  Yes
  2021-11-24
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Goodmeng
·2021-11-24
Oil price up again
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7
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- nanehz07:
  yup
  2021-11-24
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Euching
·2021-11-24
Pls like
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4
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- tungleh:
  Done
  2021-11-24
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- NewPower:
  Okay.
  2021-11-24
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BGTAN
·2021-11-24
Ok
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2
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koolgal
·2021-11-24
Despite the release of US oil reserves oil prices still jumped. Also OPEC has yet to respond to this US move. The demand of oil is high as the global economies open. To catch a piece of the action in rising oil prices, a good option can be to invest in$Energy Select Sector SPDR Fund(XLE)$. It is diversified and easy on the pocket. 👍😊
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- koolgal:
  Yes oil will be here for a long time.
  2021-11-24
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- breAkdaWn:
  Oil cant die overnight, just because of EV and Ev and EV. EVs galore.. i still have my hybrid..
  2021-11-24
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- koolgal:
  Possibly
  2021-11-24
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查看更多 2 条评论
Jazim
·2021-11-24
Okay
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3
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夜裡精靈
·2021-11-24
Ya wei, why
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2
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Zhen95
·2021-11-24
Like and comment
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9
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- Zhen95:
  gd
  2021-11-25
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- Huathk:
  Gd
  2021-11-24
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- Zhen95:
  ok
  2021-11-24
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查看更多 1 条评论
Bob87
·2021-11-24
Looks like a sign of some bubble going to burst
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4
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PYCHUA
·2021-11-24
😀
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4
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Badanu
·2021-11-24
Ok
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5
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33054288
·2021-11-24
Wow
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3
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Ermmmmmm
·2021-11-24
OPEC cutting and increase demands due to winter in euro, China, Russia, and US
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6
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YTRT
·2021-11-24
Thanks
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4
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DannyPhan
·2021-11-24
All has been controlled
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2
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What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">网页链接</a>\n\n</div>\n","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_CL","symbol_name":"WTI原油","start_time":0,"source_url":"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","article_id":"2185336398","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","pubTimestamp":1637710836,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"为什么美国动用战略石油储备，油价仍在上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9,"MCLmain":0.9},"content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":874339426,"gmtCreate":1637728430019,"gmtModify":1637728430019,"author":{"id":"4096290696818350","authorId":"4096290696818350","name":"nautiann","avatar":"https://static.tigerbbs.com/a773bda7c34b34bda324420f93842a2d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4096290696818350","idStr":"4096290696818350"},"htmlText":"🤔🤔","listText":"🤔🤔","text":"🤔🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874339426","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874971823,"gmtCreate":1637724870065,"gmtModify":1637724870185,"author":{"id":"3581903045598734","authorId":"3581903045598734","name":"Kong06","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581903045598734","idStr":"3581903045598734"},"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874971823","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874927651,"gmtCreate":1637722278999,"gmtModify":1637722279482,"author":{"id":"3582098623642517","authorId":"3582098623642517","name":"小虎一飞冲天","avatar":"https://static.tigerbbs.com/1a55a61195830e019abf5d3cc69681b9","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3582098623642517","idStr":"3582098623642517"},"htmlText":"Like pls. Thanks.","listText":"Like pls. Thanks.","text":"Like pls. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874927651","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6703328,"gmtCreate":1637727639327,"gmtModify":1637727639442,"authorId":3574928367638029,"author":{"id":3574928367638029,"idStr":"3574928367638029","authorId":3574928367638029,"name":"kenong62","avatar":"https://static.tigerbbs.com/37fd00bd8cea11b8aa1aed6d9ddd9413","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874927651,"type":1,"supId":0,"prevId":0,"content":"ok done","text":"ok done","html":"ok done"}],"langContent":"CN"},{"id":874998320,"gmtCreate":1637718001063,"gmtModify":1637718045798,"author":{"id":"3578437374431441","authorId":"3578437374431441","name":"13cd0426","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578437374431441","idStr":"3578437374431441"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874998320","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6701167,"gmtCreate":1637718007891,"gmtModify":1637718007976,"authorId":3578437374431441,"author":{"id":3578437374431441,"idStr":"3578437374431441","authorId":3578437374431441,"name":"13cd0426","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874998320,"type":1,"supId":0,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"}],"langContent":"CN"},{"id":874056037,"gmtCreate":1637714477152,"gmtModify":1637714477152,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3561596430587504","idStr":"3561596430587504"},"htmlText":"A pot of headlines but according to analysts, the reality is the impact is going to be modest. The usual US talkshow but little action","listText":"A pot of headlines but according to analysts, the reality is the impact is going to be modest. The usual US talkshow but little action","text":"A pot of headlines but according to analysts, the reality is the impact is going to be modest. The usual US talkshow but little action","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/874056037","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6704138,"gmtCreate":1637732883532,"gmtModify":1637732883532,"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":874056037,"type":1,"supId":6702125,"prevId":0,"content":"Tks for sharing","text":"Tks for sharing","html":"Tks for sharing"},{"id":6702125,"gmtCreate":1637722013644,"gmtModify":1637722687896,"authorId":3572923586954779,"author":{"id":3572923586954779,"idStr":"3572923586954779","authorId":3572923586954779,"name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874056037,"type":1,"supId":0,"prevId":0,"content":"US control and influence over the gulf states are weakening too. Let see how OPEC+ reacts and we will know how much influence US still have left. Not really positive though","text":"US control and influence over the gulf states are weakening too. Let see how OPEC+ reacts and we will know how much influence US still have left. Not really positive though","html":"US control and influence over the gulf states are weakening too. Let see how OPEC+ reacts and we will know how much influence US still have left. Not really positive though"},{"id":6700617,"gmtCreate":1637716425429,"gmtModify":1637716425459,"authorId":3582251522172350,"author":{"id":3582251522172350,"idStr":"3582251522172350","authorId":3582251522172350,"name":"gunsonfire","avatar":"https://static.tigerbbs.com/6b74c7a33fa03de37c4879761460f702","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874056037,"type":1,"supId":0,"prevId":0,"content":"A","text":"A","html":"A"}],"langContent":"CN"},{"id":874058233,"gmtCreate":1637714450502,"gmtModify":1637714450502,"author":{"id":"4096881297965510","authorId":"4096881297965510","name":"ThaiGirl","avatar":"https://static.tigerbbs.com/ed7fd22ceea4dbb8d99a0f7a7bd466af","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4096881297965510","idStr":"4096881297965510"},"htmlText":"The oil is still very much in demand despite U S intervention.","listText":"The oil is still very much in demand despite U S intervention.","text":"The oil is still very much in demand despite U S intervention.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/874058233","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6702712,"gmtCreate":1637724885530,"gmtModify":1637724885559,"authorId":3581903045598734,"author":{"id":3581903045598734,"idStr":"3581903045598734","authorId":3581903045598734,"name":"Kong06","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874058233,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6700925,"gmtCreate":1637717237289,"gmtModify":1637717237318,"authorId":3582008315299880,"author":{"id":3582008315299880,"idStr":"3582008315299880","authorId":3582008315299880,"name":"KLCC","avatar":"https://static.tigerbbs.com/08be1d09de6993c135144551b2568831","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874058233,"type":1,"supId":0,"prevId":0,"content":"Theres always not enough oil! 😢","text":"Theres always not enough oil! 😢","html":"Theres always not enough oil! 😢"},{"id":6700342,"gmtCreate":1637715665071,"gmtModify":1637715665165,"authorId":3576136694569207,"author":{"id":3576136694569207,"idStr":"3576136694569207","authorId":3576136694569207,"name":"IAS","avatar":"https://static.tigerbbs.com/933fbcc1d9c75b4ff82486f8a48a3e7c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874058233,"type":1,"supId":0,"prevId":0,"content":"Yes ","text":"Yes ","html":"Yes "}],"langContent":"CN"},{"id":874023004,"gmtCreate":1637713497178,"gmtModify":1637713497590,"author":{"id":"3575588910593021","authorId":"3575588910593021","name":"Goodmeng","avatar":"https://static.tigerbbs.com/96dc060537e6112d51026eaa7dd4db92","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575588910593021","idStr":"3575588910593021"},"htmlText":"Oil price up again&nbsp;","listText":"Oil price up again&nbsp;","text":"Oil price up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874023004","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6699938,"gmtCreate":1637714391133,"gmtModify":1637714391165,"authorId":4090062734790350,"author":{"id":4090062734790350,"idStr":"4090062734790350","authorId":4090062734790350,"name":"nanehz07","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874023004,"type":1,"supId":0,"prevId":0,"content":"<u>yup</u>","text":"<u>yup</u>","html":"<u>yup</u>"}],"langContent":"CN"},{"id":874068237,"gmtCreate":1637713032441,"gmtModify":1637713032509,"author":{"id":"3581936330566779","authorId":"3581936330566779","name":"Euching","avatar":"https://static.tigerbbs.com/a76dd04d0bc224457e2b26078b65c7f6","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581936330566779","idStr":"3581936330566779"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874068237","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6700563,"gmtCreate":1637716315142,"gmtModify":1637716315295,"authorId":3581840130059040,"author":{"id":3581840130059040,"idStr":"3581840130059040","authorId":3581840130059040,"name":"tungleh","avatar":"https://static.tigerbbs.com/862170607dcc04a30a6db5b2beb5c8c9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874068237,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"},{"id":6699787,"gmtCreate":1637714083560,"gmtModify":1637714083592,"authorId":3581949889928488,"author":{"id":3581949889928488,"idStr":"3581949889928488","authorId":3581949889928488,"name":"NewPower","avatar":"https://static.tigerbbs.com/6dd5250c3ee8b6d26b5be75d2771a0b3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874068237,"type":1,"supId":0,"prevId":0,"content":"Okay.","text":"Okay.","html":"Okay."}],"langContent":"CN"},{"id":874069910,"gmtCreate":1637712821465,"gmtModify":1637712845249,"author":{"id":"3578630064980119","authorId":"3578630064980119","name":"BGTAN","avatar":"https://static.tigerbbs.com/8ca7305b1f6bd1d4dd9abf3c54e6fbdb","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3578630064980119","idStr":"3578630064980119"},"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/874069910","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874060604,"gmtCreate":1637712761446,"gmtModify":1637716263651,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"htmlText":"Despite the release of US oil reserves oil prices still jumped.&nbsp; Also OPEC has yet to respond to this US move.&nbsp; The demand of oil is high as the global economies open.&nbsp; To catch a piece of the action in rising oil prices, a good option can be to invest in<a href=\"https://laohu8.com/S/XLE\">$Energy Select Sector SPDR Fund(XLE)$</a>.&nbsp; It is diversified and easy on the pocket. 👍😊","listText":"Despite the release of US oil reserves oil prices still jumped.&nbsp; Also OPEC has yet to respond to this US move.&nbsp; The demand of oil is high as the global economies open.&nbsp; To catch a piece of the action in rising oil prices, a good option can be to invest in<a href=\"https://laohu8.com/S/XLE\">$Energy Select Sector SPDR Fund(XLE)$</a>.&nbsp; It is diversified and easy on the pocket. 👍😊","text":"Despite the release of US oil reserves oil prices still jumped. Also OPEC has yet to respond to this US move. The demand of oil is high as the global economies open. To catch a piece of the action in rising oil prices, a good option can be to invest in$Energy Select Sector SPDR Fund(XLE)$. It is diversified and easy on the pocket. 👍😊","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":30,"commentSize":24,"repostSize":0,"link":"https://laohu8.com/post/874060604","repostId":2185336398,"repostType":2,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6704988,"gmtCreate":1637740449340,"gmtModify":1637740449340,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874060604,"type":1,"supId":6704062,"prevId":0,"content":"Yes oil will be here for a long time.","text":"Yes oil will be here for a long time.","html":"Yes oil will be here for a long time."},{"id":6704062,"gmtCreate":1637732303205,"gmtModify":1637733856860,"authorId":3569809505691000,"author":{"id":3569809505691000,"idStr":"3569809505691000","authorId":3569809505691000,"name":"breAkdaWn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874060604,"type":1,"supId":0,"prevId":0,"content":"<p>Oil cant die overnight, just because of EV and Ev and EV. EVs galore.. i still have my hybrid.. </p>","text":"<p>Oil cant die overnight, just because of EV and Ev and EV. EVs galore.. i still have my hybrid.. </p>","html":"<p>Oil cant die overnight, just because of EV and Ev and EV. EVs galore.. i still have my hybrid.. </p>"},{"id":6703676,"gmtCreate":1637729837279,"gmtModify":1637729837279,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874060604,"type":1,"supId":6699568,"prevId":0,"content":"<u>Possibly</u>","text":"<u>Possibly</u>","html":"<u>Possibly</u>"},{"id":6703674,"gmtCreate":1637729820944,"gmtModify":1637729820944,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874060604,"type":1,"supId":6700682,"prevId":0,"content":"Yes. Thanks","text":"Yes. Thanks","html":"Yes. Thanks"},{"id":6703671,"gmtCreate":1637729810418,"gmtModify":1637729810418,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874060604,"type":1,"supId":6700938,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"}],"langContent":"CN"},{"id":874084702,"gmtCreate":1637712671020,"gmtModify":1637712671130,"author":{"id":"4091925166419540","authorId":"4091925166419540","name":"Jazim","avatar":"https://static.tigerbbs.com/85de7ecb80758afc3288fc8bb7e5ef27","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4091925166419540","idStr":"4091925166419540"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874084702","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874085505,"gmtCreate":1637712568412,"gmtModify":1637712568624,"author":{"id":"3573696373126010","authorId":"3573696373126010","name":"夜裡精靈","avatar":"https://static.tigerbbs.com/ac6266748095c04f49b888884069d798","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3573696373126010","idStr":"3573696373126010"},"htmlText":"Ya wei, why","listText":"Ya wei, why","text":"Ya wei, why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874085505","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874082395,"gmtCreate":1637712393054,"gmtModify":1637712393316,"author":{"id":"3575252907553393","authorId":"3575252907553393","name":"Zhen95","avatar":"https://static.tigerbbs.com/62a4767b8928f124a0f7f02bd3c21f62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575252907553393","idStr":"3575252907553393"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/874082395","repostId":2185336398,"repostType":2,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6710565,"gmtCreate":1637773291249,"gmtModify":1637773713922,"authorId":3575252907553393,"author":{"id":3575252907553393,"idStr":"3575252907553393","authorId":3575252907553393,"name":"Zhen95","avatar":"https://static.tigerbbs.com/62a4767b8928f124a0f7f02bd3c21f62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874082395,"type":1,"supId":6708350,"prevId":0,"content":"gd","text":"gd","html":"gd"},{"id":6708350,"gmtCreate":1637762575111,"gmtModify":1637762632433,"authorId":3573472992263411,"author":{"id":3573472992263411,"idStr":"3573472992263411","authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874082395,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"},{"id":6704273,"gmtCreate":1637733804521,"gmtModify":1637733804620,"authorId":3575252907553393,"author":{"id":3575252907553393,"idStr":"3575252907553393","authorId":3575252907553393,"name":"Zhen95","avatar":"https://static.tigerbbs.com/62a4767b8928f124a0f7f02bd3c21f62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874082395,"type":1,"supId":6700539,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":6700539,"gmtCreate":1637716271249,"gmtModify":1637716271279,"authorId":3579404476253924,"author":{"id":3579404476253924,"idStr":"3579404476253924","authorId":3579404476253924,"name":"WWXY","avatar":"https://static.tigerbbs.com/28344ad9ceda3dc5b69061cf021b7c88","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874082395,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"CN"},{"id":874086920,"gmtCreate":1637712289065,"gmtModify":1637712289065,"author":{"id":"3582655395149820","authorId":"3582655395149820","name":"Bob87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582655395149820","idStr":"3582655395149820"},"htmlText":"Looks like a sign of some bubble going to burst&nbsp;","listText":"Looks like a sign of some bubble going to burst&nbsp;","text":"Looks like a sign of some bubble going to burst","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874086920","repostId":2185336398,"repostType":2,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874081591,"gmtCreate":1637712168971,"gmtModify":1637712169227,"author":{"id":"3576900825805492","authorId":"3576900825805492","name":"PYCHUA","avatar":"https://static.tigerbbs.com/7984deb1539a8169f76cb68052224a36","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576900825805492","idStr":"3576900825805492"},"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874081591","repostId":2185336398,"repostType":2,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874081992,"gmtCreate":1637712125808,"gmtModify":1637712125937,"author":{"id":"3552705374220089","authorId":"3552705374220089","name":"Badanu","avatar":"https://static.tigerbbs.com/486d06a79de428dc38faea5855403ce8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3552705374220089","idStr":"3552705374220089"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874081992","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874083957,"gmtCreate":1637712056048,"gmtModify":1637712056048,"author":{"id":"4092456659576790","authorId":"4092456659576790","name":"33054288","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4092456659576790","idStr":"4092456659576790"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874083957","repostId":2185336398,"repostType":2,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874012094,"gmtCreate":1637711474932,"gmtModify":1637720202425,"author":{"id":"4087557783698070","authorId":"4087557783698070","name":"Ermmmmmm","avatar":"https://static.tigerbbs.com/b89bbeb73fe9212f0b5efc7185ae8a51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087557783698070","idStr":"4087557783698070"},"htmlText":"OPEC cutting and increase demands due to winter in euro, China, Russia, and US","listText":"OPEC cutting and increase demands due to winter in euro, China, Russia, and US","text":"OPEC cutting and increase demands due to winter in euro, China, Russia, and US","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874012094","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874016805,"gmtCreate":1637711442136,"gmtModify":1637711442239,"author":{"id":"4088994282428880","authorId":"4088994282428880","name":"YTRT","avatar":"https://static.tigerbbs.com/344b95c303c752be1a1e529b4f91ae17","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088994282428880","idStr":"4088994282428880"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874016805","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874018188,"gmtCreate":1637711331460,"gmtModify":1637711331646,"author":{"id":"3579724486389386","authorId":"3579724486389386","name":"DannyPhan","avatar":"https://static.tigerbbs.com/8241cecd85e391f36a47705d16eb854d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3579724486389386","idStr":"3579724486389386"},"htmlText":"All has been controlled&nbsp;","listText":"All has been controlled&nbsp;","text":"All has been controlled","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874018188","repostId":2185336398,"repostType":4,"repost":{"id":"2185336398","pubTimestamp":1637710836,"share":"https://www.laohu8.com/m/news/2185336398?lang=&edition=full","pubTime":"2021-11-24 07:40","market":"fut","language":"en","title":"Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336398","media":"MarketWatch","summary":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led ef","content":"<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?</p>\n<p>First off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.</p>\n<p>West Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude&nbsp;surged $2.61, or 3.3%, to $82.31 a barrel.</p>\n<p>But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.</p>\n<p>The size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.</p>\n<p>“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.</p>\n<p>Haworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.</p>\n<p>So how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22d4ddc2d69e8b5b13ace6456ae5f7eb\" tg-width=\"700\" tg-height=\"341\" referrerpolicy=\"no-referrer\"><span>RBC Capital Markets</span></p>\n<p>“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”</p>\n<p>Some analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.</p>\n<p>“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.</p>\n<p>And then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.</p>\n<p>It comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.</p>\n<p>How OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.</p>\n<p>Tuesday’s price action, however, could make OPEC+ less likely to put on the brakes.</p>\n<p>If the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.</p>\n<p>The RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.</p>\n<p>However, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.</p>","source":"lsy1603348471595","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>Why oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve</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\">\nWhy oil prices jumped despite the U.S. tapping the Strategic Petroleum Reserve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page\">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.marketwatch.com/story/why-oil-prices-are-rising-after-the-u-s-leads-global-release-of-strategic-reserves-11637695714?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336398","content_text":"Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, U.S.-led effort by energy consuming countries to release strategic crude reserves. What gives?\nFirst off, a move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort that would include China and others circulated in recent weeks, and were widely cited as a factor in crude oil’s pullback in price from 7-year highs set last month.\nWest Texas Intermediate crude for January delivery,the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel. Global benchmark Brent crude surged $2.61, or 3.3%, to $82.31 a barrel.\nBut there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts said.\nThe size of the U.S. release at 50 million barrels was larger than the 35 million barrels that had been widely anticipated, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. But details of the plan, including the use of swaps, which means oil purchased from the SPR must be returned in the next one to three years, may have blunted the impact somewhat, he said, in a phone interview.\n“The reality is the impact is going to be modest and the story is still one of what is demand going to do,” Haworth said, noting that transportation data, including U.S. Transportation Security Administration airline passenger numbers, remain robust.\nHaworth said demand was unlikely to be significantly deterred by a rise in COVID-19 cases and renewed restrictions in Europe, noting that recent upticks in cases haven’t put lasting pressure on oil demand.\nSo how much crude is set to hit the market? Noting that India has already announced plans to release 5 million barrels, while Japan is expected to release around 4 million barrels, participation by China, South Korea and the U.K. would bring the total number of barrels set to be released to 65 million to 70 million, estimated analysts led by Helima Croft, global head of commodities strategy at RBC Capital Markets, in a note.\nRBC Capital Markets\n“It is our understanding the administration is looking to keep prices below $80 and believe they have the ability to do another release of similar magnitude through the exchange mechanism,” the RBC analysts wrote. “They are keenly focused on reducing gasoline and diesel prices ahead of the holidays, but also see this as part of a broader strategy to deal with inflationary pressure and supply chain challenges.”\nSome analysts were underwhelmed by the overall scope of releases. South Korea, Japan and the U.K. were expected to release details of their plans in coming days, while traders also awaited word from China.\n“The market is up on the lame nature of the U.S. swap program, the small numbers actually involved, and the lack of commitment by the Chinese,” said Robert Yawger, executive director of energy futures as Mizuho Securities, in a note.\nAnd then there’s OPEC+ — the Organization of the Petroleum Exporting Countries and its allies. The coordinated, U.S.-led effort has been widely described as a pushback by energy-consuming countries against the group’s sway over crude prices.\nIt comes after calls by Biden and administration officials for OPEC+ to speed production increases were rebuffed. OPEC+ has instead stuck to a plan to slowly raise output in monthly increments of 400,000 barrels a day.\nHow OPEC+ will respond is a market wild card. Oil futures rose Monday after Bloomberg reported that OPEC+ officials were prepared to rethink planned crude increases in the event of a coordinated release from strategic reserves. OPEC+ ministers are due to hold a monthly meeting next week.\nTuesday’s price action, however, could make OPEC+ less likely to put on the brakes.\nIf the coordinated release pushes prices below last week’s lows, OPEC+ would likely consider taking action, but “todays price action tells you they can wait and see,” Haworth said.\nThe RBC analysts said staying the course remains their base call for next week’s OPEC+ meeting, but said they couldn’t entirely rule out the possibility that Saudi Arabia could call for scaling back production increases in response to the coordinated release.\nHowever, several Gulf states with close ties to the U.S. would likely oppose such action out of fear of political blowback from Washington, they wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":285,"commentSize":21,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}