Touros do petróleo WTI de olho em US$ 83.00
A preocupação com a oferta global mais restrita provocada pela escalada do conflito no Médio Oriente poderá impulsionar os preços do petróleo neste início de semana
Oil prices climb up
2020-09-02 • Atualizado
Oil prices are steadily growing as crude stockpiles have been declining for six weeks.
According to the report of the American Petroleum Institute, crude inventories declined by 6.36 million barrels last week, marking the reduction of oil supply. At the same time, manufacturing reports from China and the USA came out better than analysts expected, which in turn should positively impact the overall consumption and oil demand as well. However, investors have doubts that demand may drop in a few next months as China is planning to cut oil imports after a buying binge earlier this year.
“There is not a lot of meat on the bone right now to drive the market convincingly higher above $45,” said Stephen Innes chief market strategist at AxiCorp. He added that future recovery is still highly uncertain. Nevertheless, analysts from Fitch Solutions consider that oil-consuming may recover faster than the oil supply and, therefore, lead to higher oil prices in the near term. Even more, Goldman Sachs claimed Brent crude to reach $65 a barrel in the third quarter of 2021 due to the wide availability of the Covid-19 vaccine, which will boost oil consumption.
Returning to the issue of oil supply, Hurricane Laura led to a 53% contraction of the oil production in the Gulf of Mexico. In addition, analysts foresee that Venezuela’s oil supply may even drop to zero by 2021. IHS Markit has assessed that the country is generating around 100 000-200 000 barrels every day, and these numbers are declining. That also helped to reduce the oil glut. Elsewhere, it is said that Venezuela may not be capable to withstand the current pressure of all the rigors: record low oil prices, US sanctions, and economic downturn.
Technical tips
The golden cross has appeared on the WTI oil daily chart: the 50-day moving average (MA) has crossed the 200-day MA from the bottom up. It has created the bullish momentum. WTI oil prices have been already rising for 4 months in a row, but failed to stabilize above $43 so far. The move above $43.50 will open doors towards the psychological mark of $44.00 and then $45.00. Support levels are at the low of August 27 at $42.60 and at the low of August 21 at $41.60.
Follow crude oil inventories today at 17:30 MT time! If the report is better than expected, it will drive oil prices up. Otherwise – down. Stay tuned!
Semelhante
Incertezas no Oriente Médio fazem os preços do petróleo subirem
O cumprimento dos cortes de produção da OPEP+ aumentou, com as exportações a caírem cerca de 900.000 barris em fevereiro, o nível mais baixo desde agosto/23
Touros do WTI lutam para encontrar aceitação acima dos US$ 74.00
A produção de petróleo dos EUA estabeleceu um recorde de 13,3 milhões de barris por dia em dezembro, antes de recuar para 12,6 milhões de bpd em janeiro devido às tempestades de inverno
Últimas notícias
Ofertas de Empregos Jots no radar dos touros do dólar
Depois da queda no mês de março em cerca de 26 mil vagas de emprego, a expectativa do mercado é de nova queda para 8,790M para o mês de fevereiro do mesmo ano
Investidores de olho no PMI Industrial do ISM
Nesta segunda-feira, primeiro dia do mês de abril, os EUA liberam os números dos PMIs da S&P Global e do ISM para a indústria
As expectativas dos mercados giram em torno do PCE dos EUA
Todas as atenções estarão nos preços básicos do PCE (núcleo) dos EUA, que excluem alimentos e energia para o mês de março, com a expectativa de que os números venham abaixo do mês anterior, que registraram um aumento de 0,4%
