U.S. oil jumps to 7-year high above $104 a barrel as Russian assault prompts supply shortage fears PUBLISHED TUE, MAR 1 20228:00 AM ESTUPDATED 10 MIN AGO \ Oil pumping jacks, also known as “nodding donkeys”, in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrewy Rudakov | Bloomberg | Getty Images Oil prices surged Tuesday, with U.S. crude hitting its highest level since July 2014 as Russia bears down on Ukraine’s capital. Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from key exporter Russia, in what is already a very tight market. West Texas Intermediate crude futures, the U.S. oil benchmark, jumped more than 8% to $104 per barrel. International benchmark Brent crude advanced 7.7% to trade at $105.53 per barrel. The contract rose to $105.79 last week, the highest since 2014. On Monday Canada said it was banning Russian oil imports, but so far it’s the only nation to target Russia’s energy complex directly. The financial sanctions imposed by the U.S. and Western allies could carve out room for energy payments to continue. But the ripple effects are already showing. “Key European financiers to commodity trade houses have already begun curbing financing for commodities trades, and Chinese banks are also pulling back,” JPMorgan said Tuesday in a note to clients. “Current oil price differentials are reflecting a clear unwillingness to take Russian crude,” the firm added. Ahead of Russia invading Ukraine the global oil market was already tight. Demand has bounced back, while supply has remained constrained. OPEC and its oil-producing allies, which includes Russia, will meet this week to discuss output for April. The International Energy Agency reportedly agreed Tuesday to release 60 million barrels of oil from global reserves, according to Reuters citing Japan’s industry minister. Of the total the U.S. will release 30 million barrels, according to the report. IEA’s executive director Fatih Birol said Monday in a tweet that the group was holding an “extraordinary” meeting to discuss “the impact of Russia’s invasion of Ukraine on oil supply and how IEA members can play a role in stabilising energy markets.” Morgan Stanley raised its near-term oil price forecasts on Tuesday, saying the events in Ukraine have introduced a “risk premium in oil prices that is likely to remain in coming months.” “Against a backdrop of market tightness, even small disruptions can have large price impacts,” the firm added. Morgan Stanley now sees Brent averaging $110 in the second quarter, up from a prior forecast of $100. Under the firm’s bull case, prices will jump to $125 per barrel. Goldman Sachs said Sunday that demand destruction is the only “significant remaining balancing mechanism.” Americans are feeling the impacts of higher oil prices at the pump. The national average for a gallon of gas stood at $3.619 on Tuesday, according to data from AAA, up 24 cents from a month ago.
The US and its allies have agreed to a release of 60 million barrels from their reserves, according to two sources familiar with the decision. Half of it — 30 million — will come from the US Strategic Petroleum Reserve, and the other half will come from allies in Europe and Asia.
Oil prices surged Tuesday, with U.S. crude hitting its highest level since July 2014 as Russia bears down on Ukraine’s capital. Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from key exporter Russia, in what is already a very tight market.
West Texas Intermediate crude futures, the U.S. oil benchmark, jumped more than 8% to $104 per barrel.
International benchmark Brent crude advanced 7.7% to trade at $105.53 per barrel. The contract rose to $105.79 last week, the highest since 2014. On Monday Canada said it was banning Russian oil imports, but so far it’s the only nation to target Russia’s energy complex directly. The financial sanctions imposed by the U.S. and Western allies could carve out room for energy payments to continue.
But the ripple effects are already showing. “Key European financiers to commodity trade houses have already begun curbing financing for commodities trades, and Chinese banks are also pulling back,” JPMorgan said Tuesday in a note to clients. “Current oil price differentials are reflecting a clear unwillingness to take Russian crude,” the firm added.
Ahead of Russia invading Ukraine the global oil market was already tight. Demand has bounced back, while supply has remained constrained. OPEC and its oil-producing allies, which includes Russia, will meet this week to discuss output for April.
The International Energy Agency reportedly agreed Tuesday to release 60 million barrels of oil from global reserves, according to Reuters citing Japan’s industry minister. Of the total the U.S. will release 30 million barrels, according to the report.
IEA’s executive director Fatih Birol said Monday in a tweet that the group was holding an “extraordinary” meeting to discuss “the impact of Russia’s invasion of Ukraine on oil supply and how IEA members can play a role in stabilising energy markets.”
Morgan Stanley raised its near-term oil price forecasts on Tuesday, saying the events in Ukraine have introduced a “risk premium in oil prices that is likely to remain in coming months.”
“Against a backdrop of market tightness, even small disruptions can have large price impacts,” the firm added.
Morgan Stanley now sees Brent averaging $110 in the second quarter, up from a prior forecast of $100. Under the firm’s bull case, prices will jump to $125 per barrel.
Goldman Sachs said Sunday that demand destruction is the only “significant remaining balancing mechanism.”
Americans are feeling the impacts of higher oil prices at the pump. The national average for a gallon of gas stood at $3.619 on Tuesday, according to data from AAA, up 24 cents from a month ago.
比如今天 AMBA 这只股票，如果比较3个月的财报和这次财报，几乎一模一样，beat 一点点然后 guide in line, 但是走势却是天壤之别，上次大涨，这次狂泻。也就是同样的财报，市场反应跟市场情绪有很大关系“看花街心情”。 这股的估值较高，在牛市是可以的，如果市场情绪偏熊的话就是另外一番景象了
联储将面临两难境地，一方面是时局市场动荡， 另一方面是通胀
Let's go Brandon!
对的，前几天到了750 加少了 主要是没钱了。。。。
湾区早就遍地5刀多一加仑了。。。
估计很快就看到7块
已经差不多5了
30% up from last week $95 a barrel，俄国周末入侵，Futures market seems大量的leverage squeezes，let it settle first
拜登不会放弃green deal, 背后有利益集团的。
现在虽然制裁俄罗斯，美国现在还在从俄罗斯进口石油。为什么要精心打造sanction package, 因为还要从俄罗斯买石油，天然气，相关产业银行不能禁。
不过因为天然气涨价，最近好多人不烧天然气，改烧劈柴了，搞得市里乌烟瘴气的，反倒不绿色了吧？