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[size=35][size=35]High oil prices and escalating economic growth due to the Corona vaccination[/size]
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April 7, 2021 | 02:04
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1,940 Views
[size=18]Oil prices rose today, Wednesday, due to the prospect of achieving stronger global economic growth amid increased vaccinations against the Corona virus and a report on declining crude stocks in the United States, the largest consumer of fuel in the world.
Brent crude futures rose 34 cents, or 0.5 percent, to $ 63.08 a barrel by 05:07 GMT, while US West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude for May rose 32 cents, or 0.5 percent, to $ 59.65.
Prices rebounded as data on Tuesday showed that jobs in the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url] rose to their highest level in two years in February as employment increased. This came on the heels of previous data which showed that US service activity reached a record level in March, and the Chinese services sector showed the largest increase in sales in three months.
The [url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url] said on Tuesday that unprecedented public spending on the fight against COVID-19, especially by the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url], will push global growth to 6% this year, a rate not seen since the 1970s.
US crude oil inventories have declined in the last week, while fuel inventories have risen, citing American Petroleum Institute ([You must be registered and logged in to see this link.]) numbers ahead of government data on Wednesday.
The US Energy Information Administration said today, Tuesday, that oil production in the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url] is expected to decline by 270,000 barrels per day in 2021 to 11.04 million barrels per day, sharply lower than its previous monthly forecast of a drop of 160,000 barrels per day.[/size]
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Economie
[You must be registered and logged in to see this link.]April 7, 2021 | 02:04
[You must be registered and logged in to see this image.]
[/size]
1,940 Views
[size=18]Oil prices rose today, Wednesday, due to the prospect of achieving stronger global economic growth amid increased vaccinations against the Corona virus and a report on declining crude stocks in the United States, the largest consumer of fuel in the world.
Brent crude futures rose 34 cents, or 0.5 percent, to $ 63.08 a barrel by 05:07 GMT, while US West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude for May rose 32 cents, or 0.5 percent, to $ 59.65.
Prices rebounded as data on Tuesday showed that jobs in the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url] rose to their highest level in two years in February as employment increased. This came on the heels of previous data which showed that US service activity reached a record level in March, and the Chinese services sector showed the largest increase in sales in three months.
The [url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url] said on Tuesday that unprecedented public spending on the fight against COVID-19, especially by the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url], will push global growth to 6% this year, a rate not seen since the 1970s.
US crude oil inventories have declined in the last week, while fuel inventories have risen, citing American Petroleum Institute ([You must be registered and logged in to see this link.]) numbers ahead of government data on Wednesday.
The US Energy Information Administration said today, Tuesday, that oil production in the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url] is expected to decline by 270,000 barrels per day in 2021 to 11.04 million barrels per day, sharply lower than its previous monthly forecast of a drop of 160,000 barrels per day.[/size]
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