|2020-08-24 来源： 中国石化新闻网|
王佳晶 摘译自 路透社
Oil falls on caution over demand recovery
Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic recovery from the coronavirus pandemic.
Brent crude LCOc1 was down 48 cents, or 1%, at $44.89 a barrel at 0933 GMT, and West Texas Intermediate (WTI) U.S. oil CLc1 fell 34 cents, or 0.8%, at $42.59 a barrel.
“The surge in COVID-19 infections over the summer has muted the recovery and anyone still believing in a V-shaped recovery needs to do some reassessment,” said Hussein Sayed, chief market strategist at FXTM.
A firmer U.S. dollar also put pressure on oil prices, analysts said, leaving them stuck in their narrow trading range of recent weeks.
Oil prices have been rangebound since mid-June, with Brent trading between $40 and $46 per barrel, and WTI between $37 and $43.
The Organization of the Petroleum Exporting Countries and its allies, known an OPEC+, said on Wednesday that the pace of oil market recovery appeared to be slower than anticipated with growing risks of a prolonged second wave of the pandemic.
The group pressed oil nations pumping above output targets to cut more in August-September due to concerns about the strength of recovery in demand.
Prices were also pressured after several U.S. Fed members said additional monetary policy easing may be needed because a rebound in employment was already slowing.
The U.S. Energy Information Administration said on Wednesday that U.S. fuel demand fell by more than 2 million barrels per day (bpd) to 17.2 million bpd in terms of product supplied.
Overall fuel demand in the last four weeks is down 14% from year-ago levels. As the summer driving season comes to a close, fuel demand tends to decline.
However, stockpiles of crude in the United States fell for a fourth straight week, even as net imports rose, the EIA said.