The Annual Petroleum & Chemical Automation Technology & Equipment and Instrumentation Event
logo

Beijing International Petroleum & Chemical Automation Technology & Equipment and Instrumentation Exhibition

ufi

BEIJING,CHINA

March 26-28,2026

LOCATION :Home> News> Industry News

Oil slump deepens on unexpected jump in U.S. fuel stockpiles

Pubdate:2019-08-08 17:57 Source:liyanping Click:

NEW YORK (Bloomberg) - Oil plunged, re-entering bear-market territory, as a surprise increase in American fuel stockpiles fueled worries about a growing glut, feeding into an increasingly dismal economic view.

Futures in New York fell as much as 4.7% on Wednesday to the lowest in almost two months after a surprise increase in U.S. inventories. Crude was also swept up in a global meltdown of stock and commodity markets after rate cuts in New Zealand, India and Thailand escalated recessions fears and spurred a flight to U.S. Treasuries and other safe havens.

In the U.S., domestic crude inventories expanded by 2.39 MMbbl last week, snapping a seven-week string of declines, according to data from the Energy Information Administration. Gasoline stockpiles also expanded by the most for this time of year since 2001, an alarming trend during what is usually the peak demand season.

“The bearish and deteriorating global macro situation seems to have the upper hand, pushing oil lower and lower,” said Bjarne Schieldrop, Oslo-based chief commodities analyst at SEB AB.

London-traded Brent crude also deepened its descent into bear territory, dipping more than 4% as worries build about the escalating U.S.-China trade war. The EIA earlier Tuesday lowered its estimates for growth in global oil demand this year to 1 MMbpd.

Brent crude has fallen about 12% this month as the deteriorating relationship between the world’s two largest economies damped the global economic outlook, eclipsing the threat of supply disruptions in the Persian Gulf. The ratcheting up of trade tensions in the past week spurred speculation that China will start avoiding American oil.

West Texas Intermediate oil for September delivery declined $2.23 to $51.40/bbl at 11:03 a.m. on the New York Mercantile Exchange after earlier reaching $51.10.

Brent for October settlement fell $2.12 to $56.82 on the London-based ICE Futures Europe Exchange. The contract sold for a premium of $5.43 to WTI for the same month.

主站蜘蛛池模板: 综合网激情五月| 中文字幕人成无码免费视频| 视频一区二区在线播放| 日本免费高清一本视频| 国产一区二区三区美女| 一区二区免费视频| 污污的软件下载| 国产精品亚洲va在线观看| 久久精品国产91久久综合麻豆自制| 被公连续侵犯中文字幕| 广西美女一级毛片| 亚洲欧洲日产国码无码久久99| 日本成本人视频| 无套内射在线无码播放| 免费**的网址| 看黄色免费网站| 无码欧精品亚洲日韩一区| 免费在线观看视频网站| 无遮挡很爽很污很黄在线网站| 日本边添边摸边做边爱的视频| 午夜人屠h精品全集| 97久久精品午夜一区二区| 日韩男女做性高清在线观看| 史上最新中文字幕| 91九色蝌蚪porny| 日本电影一区二区三区| 俺去啦在线观看| 免费福利在线视频| 怡红院色视频在线| 亚洲区小说区图片区qvod| 草莓视频国产在线观看| 夜来香免费观看视频在线| 亚洲av成人无码久久精品老人| 美女的胸又www又黄的网站| 国产色婷婷精品综合在线| 久久久久无码精品亚洲日韩| 猫咪免费观看人成网站在线| 国产成人免费高清在线观看 | 婷婷久久五月天| 精品国产黑色丝袜高跟鞋| 国产精品欧美在线不卡|