Vea también
Oil prices fell on Monday, January 18, amid concerns about the coronavirus's impact on the supply and demand balance in the market.
Brent crude oil lost 0.94% to trade at $51.18 per barrel. Futures on WTI decrease by 0.82% to hit $51.99 per barrel.
The number of coronavirus infections in the world continues advancing. As a result, the prospects for a recovery in oil demand are grim. Many countries are imposing tough restrictions to stop the virus spread. For example, in the United States, more than 140 thousand new cases of COVID-19 were registered. About 400 thousand people died.
In addition, there is an increase in drilling activity in the US, which worries investors. This could lead to an increased supply in the market as companies are making profit from high oil prices.
Thus, Baker Hughes increased the number of drilling rigs by 13 to 373 units in just a week. Their number has been rising for the second month in a row.
This week, all traders' attention will be focused on the inauguration of the US President-elect Joe Biden. They will also take a close look at the measures he will take to support the American economy.
Nevertheless, the onset of cold weather contributes to higher demand for oil. For example, in Japan, heating fuel is used to generate electricity by means of LSFO (low sulfur heating oil) and crude oil.
Goldman Sachs estimates that an unexpected surge in demand due to weather conditions in the coming weeks will increase global consumption by at least 1 million barrels per day. Moreover, if gas prices in the Netherlands move above $10 per million British thermal units, the potential demand for oil may rise even more.
According to Vortexa, shipments of heating oil to Japanese ports in January rose by 38% over the same period last year. In Korea, where coal-fired power plants are gradually switching to cleaner fuels, LSFO consumption will increase by 100 to 130 thousand tons in the first quarter.
You have already liked this post today
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
Siete carteras de Bitcoin «antiguas», creadas en abril y mayo de 2011, se activaron repentinamente. En conjunto, movieron 70 000 BTC – el equivalente a $7,6 mil millones al tipo
Wall Street incansablemente marca récord tras récord . El miércoles, el índice S&P 500, impulsado por los gigantes tecnológicos, volvió a alcanzar un máximo histórico. La razón no fue solo
Al final de la semana actual, los mercados muestran animación y un repunte: el índice Nasdaq 100 ha demostrado crecimiento, y el mercado de criptomonedas, en particular el Bitcoin, también
La moneda estadounidense vuelve a estar agitada, y esta volatilidad continúa intensificándose. En este contexto, algunos analistas predicen el colapso del USD, mientras que otros, por el contrario, confían
La tensión geopolítica que mantuvo a los mercados en vilo toda la semana finalmente se debilitó, al menos por un tiempo. Donald Trump declaró que se tomará dos semanas para
El martes por la mañana la atención del mercado de divisas se centra en tres acontecimientos, cada uno de los cuales puede alterar el equilibrio de fuerzas. El presidente
Club InstaForex
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.