قالب وردپرس درنا توس
Home / Business / Bearish Economic News weighs in raw

Bearish Economic News weighs in raw



  rigger "title =" rigs "/> </source></picture></div>
<div id=

A combination of bearish economic events weighs on crude futures on Friday, in a position to complete lower week is lower global economic downturn Contribute to sales pressure is widespread weakness in the eurozone, China and the US

US West Texas Intermediate and International Benchmark Brent crude oil started Friday's press session due to a bold European Central Bank and weak trade balance data from China, but sales increased after the US non-farm Payrolls report had badly missed the forecasts.

In the euro area on Thursday, European Dragons president Mario Draghi said that the European economy was in "a period of continued weakness and pervasive uncertainty ". The conditions in the eurozone were perceived as so bad that the ECB: pushed back the timing of its first crisis, the rise in interest rates up to 2020, cut it down. economic forecasts and launched a new round of cheap bank loans.

In China, dollar exports fell in February by 21

percent from the previous year. This was the biggest fall of three years and far worse than analysts had expected. Imports also fell 5.2 per cent. So far, demand for oil has remained stable, with crude oil imports remaining over 10 million barrels per day (bpd). However, an economic downturn is likely to tip the fuel demand and press prices at some point.

Crude oil futures earlier …


Source link