www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

US oil slides to six-and-a-half year low under $42 as stocks build

(Agencies) Updated: 2015-08-14 07:03

US oil slides to six-and-a-half year low under $42 as stocks build

A customer prepares to fill the tank of her car at a fuel station in Sint Pieters Leeuw December 5, 2014.[Photo/Agencies]

US oil prices tumbled more than 3 percent to a six-and-a-half year low under $42 a barrel on Thursday as data showing a big rise in key US stockpiles intensified worries over a growing global glut.

A rise in the dollar, after news of higher US retail sales in July and strengthening employment data, added to the weight on oil.

Oil has fallen by nearly a third since late June, a decline that continued this week after a spate of refinery outages sapped demand for crude. The largest of those refineries - BP PLC's 413,500-barrel per day (bpd) facility in Whiting, Indiana, also the biggest in the US Midwest - has been forced to shut two-thirds of its capacity for repairs to a leak that could last a month or more.

Losses deepened on Thursday after market intelligence firm Genscape reported that stockpiles at the Cushing, Oklahoma delivery point for US crude futures rose more than 1.3 million barrels in the week to Aug 11, adding to concern that the Whiting outage was pushing up the surplus in crude. If confirmed, the Cushing build would be the biggest since March.

US crude CLc1 settled down $1.07 at $42.23 a barrel, after setting a session bottom at $41.91, its lowest since March 2009 when the financial crisis was wreaking havoc on oil prices.

The market could see a cascade of sell orders from now on, driving prices even lower, as more technical levels are broken, some analysts said.

"We are in the camp where prices will retest and fail to hold support at these levels," said Chris Jarvis of Caprock Risk Management in Frederick, Maryland. "We're likely get a capitulation trade in the $30 levels, a call we have been making since March."

Global crude benchmark Brent LCOc1 settled down 44 cents, or almost 1 percent, at $49.22, ahead of Friday's expiry of its front-month contract. Brent's premium to US crude CL-LCO1=R hit a three-week high of nearly $7.

Sentiment in oil has been so weak that prices failed to rally even after Wednesday's data from the US Energy Information Administration (EIA) showing a 1.7 million-barrel drop in crude stockpiles last week.

The EIA added to concern about the growing supply glut in oil on Thursday, reminding the market that Iran could boost output by 100,000 bpd this year with an easing of nuclear-related sanctions on Tehran's exports.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 一级高清毛片免费a级高清毛片 | 男女性男女刺激大片免费观看 | 亚洲激情黄色 | 国产精品亚洲一区二区三区久久 | 国产精品毛片无码 | 日韩影院久久 | 丝袜紧身裙国产在线播放 | 国产亚洲欧美一区二区 | 看一级毛片一区二区三区免费 | 久久久久久免费播放一级毛片 | 精品区 | 日本不卡一区在线 | 午夜香蕉成视频人网站高清版 | 日本不卡高清免费 | 国产老鸭窝毛片一区二区 | 鲁一鲁色一色 | 国产人成久久久精品 | 日韩国产毛片 | 黄视频在线免费 | 久草久视频 | 亚洲视频精选 | 亚洲看片网站 | 国产成人欧美视频在线 | 国产成人久久精品二区三区牛 | 欧美高清一区二区三 | 在线国产高清 | 亚洲成人在线视频网站 | 久草最新网址 | 中文字幕三区 | 久久免费特黄毛片 | 美女与男人对肌免费网站 | 亚洲手机国产精品 | 亚欧成人中文字幕一区 | 日本免费特黄aa毛片 | 日韩一级黄色 | 免费国产在线观看 | 最新亚洲情黄在线网站无广告 | 911精品国产亚洲日本美国韩国 | 在线免费观看国产视频 | 全免费a级毛片免费看 | 悟空影视大全免费高清 |