{"id":2693,"date":"2021-12-17T13:45:00","date_gmt":"2021-12-17T13:45:00","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=2693"},"modified":"2021-12-21T13:49:10","modified_gmt":"2021-12-21T13:49:10","slug":"oil-prices-suffer-a-weekly-loss-friday-as-omicron-continues-to-spread-increase-in-u-s-oil-drilling-rigs","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/oil-prices-suffer-a-weekly-loss-friday-as-omicron-continues-to-spread-increase-in-u-s-oil-drilling-rigs\/","title":{"rendered":"Oil prices suffer a weekly loss Friday as omicron continues to spread, increase in U.S. oil-drilling rigs"},"content":{"rendered":"\n
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By Myra P. Saefong and William Watts \/ MarketWatch

SAN FRANCISCO
Petroleumworld 12 17 2021<\/p>\n\n\n\n

Oil futures fell on Friday to suffer their seventh weekly loss in eight weeks, with weakness tied to worries about the spread of the omicron variant and its potential impact on fuel demand.<\/p>\n\n\n\n

\u201cOmicron concerns are raising the prospect of reduced travel and movement,\u201d said Edward Meir, analyst at ED&F Man Capital Markets, in a note<\/p>\n\n\n\n

\u201cThe spread of the new variant has been quite incredible, doubling every two days in some countries,\u201d he said, and in the U.S. more companies have canceled year-end events and are urging workers to work from home.<\/p>\n\n\n\n

France on Thursday imposed fresh restrictions on travelers from the U.K. in response to the spread of the omicron variant. The U.S. is reporting more than 120,000 new cases of COVID-19 a day, up more than 40% from two weeks ago, according to a New York Times tracker.<\/p>\n\n\n\n

\u201cHowever, airlines are not reporting a sharp drop in cancellations just yet, as people still seem intent to make the best of things, confident that they will be protected by vaccines and assured that accompanying symptoms \u2014 in the event that they do get sick\u2014 should be relatively mild,\u201d said Meir.<\/p>\n\n\n\n

West Texas Intermediate crude<\/strong> for January delivery CL00, -0.82% CLF22, -0.80% fell $1.52<\/strong>, or 2.1%, to settle at $70.86 <\/strong>a barrel on the New York Mercantile Exchange, pulling the U.S. benchmark down by 1.1% for the week, according to Dow Jones Market Data. February Brent crude BRN00<\/strong>, -0.88% BRNG22, -0.88%, the global benchmark, lost $1.50<\/strong>, or 2%, at $73.52 <\/strong>a barrel on ICE Futures Europe, for a 2.2% weekly decline.<\/p>\n\n\n\n

Both WTI and Brent crude have now registered weekly losses for seven out of the last eight weeks.<\/p>\n\n\n\n

\u201cOmicron demand concerns and the movement of the U.S. dollar are very much dictating current moves in oil prices \u2014 and will likely set the tone over the holiday period,\u201d Matt Smith, lead oil analyst, Americas, at Kpler, told MarketWatch. \u201cCountering this negative impact on sentiment is the likelihood of oil getting swept up in a Santa rally across risk-on assets,\u201d he said.<\/p>\n\n\n\n

But U.S. petroleum markets should be supportive for prices, as gasoline demand is looking strong for the holiday period while oil inventories are set to draw into year-end,\u201d said Smith.<\/p>\n\n\n\n

Baker Hughes reports a second straight weekly increase in U.S. oil-drilling rigs
<\/strong>
Baker Hughes BKR, -2.43% on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 475 this week. The rig count was also up by four in the previous week, Baker Hughes data show. The total active U.S. rig count<\/strong>, which includes those drilling for natural gas, climbed by three to 579<\/strong>, according to Baker Hughes. – Myra P. Saefong<\/p><\/blockquote>\n\n\n\n

China remains an influence too, he said. On the supportive side, \u201cit is boosting crude imports and building onshore inventories again, while from a bearish perspective strict lockdowns are impacting mobility.\u201d<\/p>\n\n\n\n

\u201cPollution controls look set to quell crude demand ahead of the Olympics as refiners throttle back on activity, while fuel switching from coal to diesel for power generation could instead boost product demand,\u201d Smith said.<\/p>\n\n\n\n

Prices for petroleum products also declined Friday. January gasoline <\/strong>RBF22 , +0.57% lost 2.6% to $2.122<\/strong> a gallon, for a weekly decline of 0.7%, and January heating oil<\/strong> HOF22, -0.36% fell about 2.1% to $2.22<\/strong> a gallon, ending 1.4% lower for the week.<\/p>\n\n\n\n

January natural gas<\/strong> NGF22, -0.57% settled at $3.69<\/strong> per million British thermal units, down 2% for the session, with prices marking a weekly loss of 6%.<\/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 17 2021 Oil futures fell on Friday to suffer their seventh weekly loss in eight weeks, with weakness tied to worries about the spread of the omicron variant and its potential impact on fuel demand. \u201cOmicron concerns are raising the prospect of reduced travel and …<\/p>\n

Oil prices suffer a weekly loss Friday as omicron continues to spread, increase in U.S. oil-drilling rigs<\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2701,"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-2693","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\/2693","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=2693"}],"version-history":[{"count":0,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/2693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media\/2701"}],"wp:attachment":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media?parent=2693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/categories?post=2693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/tags?post=2693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}