The latest news of international oil prices

The latest news of international oil prices: overnight related data summary

Crude Oil Opinion: Oil gains support as Libya almost completely shuts down due to unrest.

Libya, a member of OPEC, has almost completely halted production due to the unrest, giving crude a boost. Last Thursday (June 23), Libya ‘s oil minister said the chairman of the state oil company had withheld production figures from him, casting doubt on figures released last week.

U.S. energy companies added oil and gas rigs for the second week in a row, marking a record 23 straight, energy services firm Baker Hughes said in its closely watched report last Friday (June 24). A record high in March as high oil prices and a government promotion prompted drillers to return to well sites.

The latest weekly data on U.S. oil inventories was delayed due to technical issues, which will reflect tight supplies in the U.S., the largest consumer.

Reminder: The changes in U.S. EIA crude oil inventories for the week ended June 17, which were not announced for some reason last week, are initially scheduled to be announced at 22:30 today.

Crude oil related data summary:

1. Data shows that on June 27 (Monday), WTI crude oil opened at $107.33/barrel, with real-time buy/sell prices at $107.33/107.35/barrel; Brent crude opened at $108.02/barrel, with real-time buy/sell prices Price 108.97/109.00 US dollars / barrel.
2. The U.S. dollar index fell on June 24, closing at 104.13 points, or 0.61%, the first weekly decline this month, as traders scaled back their bets that interest rates may peak and anticipated the timing of interest rate cuts in advance. to deal with a possible recession.
3. The sharp rise in U.S. stocks last week limited the rise in gold prices. U.S. stocks recorded their largest one-day percentage gain in more than two years, and gold’s safe-haven demand was suppressed.
4. A key factor last week was a drop in oil and commodity prices, easing inflation concerns and leading to a rebound in U.S. stocks. That dented the safe-haven buying that has been supporting the U.S. dollar index.