প্রকাশ: 14/04/2022
Oil prices slipped
on Thursday amid thin trading volumes ahead of a public holiday, as traders
weighed a larger-than-expected build in US oil stocks against tightening global
supply.
Brent futures were down $1.14, or 1.1%, at $107.64 a barrel,
while US West Texas Intermediate futures were off $1.32, or 1.3%, at $102.93 a
barrel at 0632 GMT.
Both contracts on Wednesday had shrugged off a large build
in US crude inventories to end the trading session roughly 4% higher.
"Asian buyers have been absent today, with volumes
potentially being curbed by the long weekend across most of Asia, Europe, and
North America," OANDA analyst Jeffrey Halley wrote in a note.
The International Energy Agency on Wednesday warned that
from May onwards roughly 3 million barrels per day of Russian oil could be
shut-in due to sanctions or voluntary embargoes.
At the same time, major global trading houses are also
planning to curtail crude and fuel purchases from Russia's state-controlled oil
companies in May, Reuters reported on Wednesday.
The probability of a EU ban on Russian oil being agreed may
be almost zero, but no one will be able or wanting to say that clearly, Vandana
Hari, founder of oil market analysis provider Vanda Insights said.
"And, even a continuing sabre-rattling will be enough
to keep the risk premium alive."
Despite signals that global supply disruption will persist,
oil stocks in the US rose by more than 9 million barrels last week, the US
Energy Information Administration said on Wednesday, driven in part by releases
from the nation's strategic reserves. Analysts in a Reuters poll had
anticipated just an 863,000-barrel build.
US gasoline stocks fell 3.6 million barrels last week, far
above anticipated levels, and distillate inventories also declined.
"The fact that oil continued to rally after such a
large jump in US crude inventories and that China concerns have suddenly been
forgotten, is a serious warning signal to those pricing in the top of oil
markets," OANDA's Halley said.
প্রধান সম্পাদকঃ সৈয়দ বোরহান কবীর
ক্রিয়েটিভ মিডিয়া লিমিটেডের অঙ্গ প্রতিষ্ঠান
বার্তা এবং বাণিজ্যিক কার্যালয়ঃ ২/৩ , ব্লক - ডি , লালমাটিয়া , ঢাকা -১২০৭
নিবন্ধিত ঠিকানাঃ বাড়ি# ৪৩ (লেভেল-৫) , রোড#১৬ নতুন (পুরাতন ২৭) , ধানমন্ডি , ঢাকা- ১২০৯
ফোনঃ +৮৮-০২৯১২৩৬৭৭