{"id":2678,"date":"2021-12-16T13:41:00","date_gmt":"2021-12-16T13:41:00","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=2678"},"modified":"2021-12-21T13:42:00","modified_gmt":"2021-12-21T13:42:00","slug":"u-s-oil-prices-thursday-rise-to-3-week-high-as-u-s-crudesupplies-decline-and-russia-ukraine-tensions-climb","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/u-s-oil-prices-thursday-rise-to-3-week-high-as-u-s-crudesupplies-decline-and-russia-ukraine-tensions-climb\/","title":{"rendered":"U.S. oil prices Thursday rise to 3-week high as U.S. crude
supplies decline and Russia-Ukraine tensions climb<\/strong>"},"content":{"rendered":"\n
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By Myra P. Saefong and William Watts \/ MarketWatch

SAN FRANCISCO
Petroleumworld 12 16 2021

Oil futures rose Thursday, with U.S. prices settling at a roughly three-week high as investors shook off worries about the omicron variant of the coronavirus after upbeat data on U.S. inventories and implied demand.<\/p>\n\n\n\n

Growing tensions between Russia and Ukraine have added further support.<\/p>\n\n\n\n

The Energy Information Administration data released Wednesday showed \u201cblockbuster demand for products\u2026and a big drawdown on crude supply, suggesting that the omicron fears that have permeated the marketplace since Thanksgiving Day have been way overstated,\u201d said Phil Flynn, senior market analyst at The Price Futures Group, in a daily report.<\/p>\n\n\n\n

On top of that, oil is rallying on the fact that Wednesday\u2019s Federal Reserve announcement is \u201cnow behind us and even though the Fed was hawkish, the reality is that they had signaled that they would be and despite what you read, the hawkishness was not as bad as expected,\u201d said Flynn.<\/p>\n\n\n\n

The U.S. central bank said it will phase out its bond-buying stimulus program by March, much faster than previously planned, and signaled it would raise interest rates more aggressively to combat high U.S. inflation. Oil prices, as well as U.S. equities, rose in the aftermath of the announcement.<\/p>\n\n\n\n

The mood of the market has \u201cshifted because of clarity\u201d from Fed, Flynn told MarketWatch on Thursday afternoon. \u201cNow we know where the Fed stands and that rates aren\u2019t going to rise tomorrow.\u201d<\/p>\n\n\n\n

Oil traders also seem \u201cless concerned\u201d about potential omicron-related restrictions in Europe, he said.<\/p>\n\n\n\n

And tensions between Russia and Ukraine are also supportive for oil, as that raises the potential for sanctions on Russia that could disrupt its energy sector, he added. Ukraine has called on the European Union to prepare sanctions against Russia to use if Moscow steps up its military aggression, CNBC reported Thursday.<\/p>\n\n\n\n

West Texas Intermediate crude <\/strong>for January delivery CL00, -1.81% CLF22, -1.81% rose $1.51<\/strong>, or 2.1%, to settle at $72.38<\/strong> a barrel on the New York Mercantile Exchange, the highest finish for a front-month contract since Nov. 24, according to Dow Jones Market Data. February Brent crude <\/strong>BRN00, -1.75% BRNG22, -1.75%, the global benchmark, added $1.14<\/strong>, or 1.5%, at $75.02<\/strong> a barrel on ICE Futures Europe.<\/p>\n\n\n\n

Also see: Why U.S. oil production hasn\u2019t rebounded along with crude prices<\/p>\n\n\n\n

\u201cThe fact that the financial market environment is generally somewhat less risk-averse lent buoyancy on the one hand: with its accelerated exit from its ultra-expansionary monetary policy, the Fed is apparently giving the impression that everything is under control,\u201d wrote analysts at Commerzbank, in a note.<\/p>\n\n\n\n

Meanwhile, the EIA on Wednesday said U.S. crude inventories posted a decline of 4.6 million barrels for the week ended Dec. 10 \u2014 the biggest weekly fall since September.<\/p>\n\n\n\n

\u201cBesides high U.S. exports, this was chiefly due to robust U.S. demand: U.S. gasoline demand increased to 9.5 million barrels per day, thereby exceeding its pre-pandemic level from December 2019. And daily demand for distillates even surged by more than 1.3 million barrels week-on-week to 4.9 million barrels,\u201d the Commerzbank analysts noted.<\/p>\n\n\n\n

On Nymex Thursday, January gasoline<\/strong> RBF22, -1.87% tacked on 2.4% to $2.178<\/strong> a gallon and January heating oil <\/strong>HOF22, -1.55% added 2.1% to $2.266<\/strong> a gallon.<\/p>\n\n\n\n

Natural-gas<\/strong> futures saw its January contract <\/strong>NGF22, -1.78% decline by nearly 1% to settle at $3.766 <\/strong>per million British thermal units.<\/p>\n\n\n\n

The EIA reported on Thursday that domestic supplies of natural gas fell by 88 billion cubic feet for the week ended Dec. 10. That matched the average decline forecast by analysts polled by S&P Global Platts. The five-year average supply decline for the period, however, is 114 bcf, according to S&P Global Platts.<\/p>\n\n\n\n

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______________________________________<\/p>\n\n\n\n

By Myra P. Saefong and William Watts \/ Market Watch

<\/a>marketwatch.com 12 13<\/a> 2021<\/p>\n\n\n\n

<\/strong><\/a><\/em><\/strong><\/a><\/em><\/p>\n\n\n\n

Copyright \u00a91999-2021 Petroleumworld or respective author or news agency. All rights reserved.<\/p>\n\n\n\n

Petroleumworld.com Copyright \u00a92021 Petroleumworld.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Myra P. Saefong and William Watts \/ MarketWatch SAN FRANCISCOPetroleumworld 12 16 2021 Oil futures rose Thursday, with U.S. prices settling at a roughly three-week high as investors shook off worries about the omicron variant of the coronavirus after upbeat data on U.S. inventories and implied demand. Growing tensions between Russia and Ukraine have added further …<\/p>\n

U.S. oil prices Thursday rise to 3-week high as U.S. crude
supplies decline and Russia-Ukraine tensions climb<\/strong><\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-2678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-diarias"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/2678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/comments?post=2678"}],"version-history":[{"count":0,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/2678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media\/2679"}],"wp:attachment":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media?parent=2678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/categories?post=2678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/tags?post=2678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}