Crude oil futures rebounded, and fuel demand was expected to increase due to lower US interest rates
August 15, 2024 11:24 AM GMT+9 (some excerpts)
Crude oil futures prices rebounded on the 15th. Expectations were received that a reduction in US interest rates could boost economic activity and fuel demand. However, concerns about a slowdown in global demand remain, and higher prices have been suppressed.
As of 0029 GMT (9:29 a.m. Japan time), North Sea Brent futures are 0.17 dollars (0.2%) high per barrel = 79.93 dollars. US WTI futures rose 0.23 dollars (0.3%) to 77.21 dollars. Both indices had dropped more than 1% the day before.
Economist Takashima Yuki of Nomura Securities pointed out that adjustments are being seen in the Asian market because the crude oil exchange rate on the 14th was oversold. Investors added that they expect to start cutting US interest rates next month.
As of 0029 GMT (9:29 a.m. Japan time), North Sea Brent futures are 0.17 dollars (0.2%) high per barrel = 79.93 dollars. US WTI futures rose 0.23 dollars (0.3%) to 77.21 dollars. Both indices had dropped more than 1% the day before.
Economist Takashima Yuki of Nomura Securities pointed out that adjustments are being seen in the Asian market because the crude oil exchange rate on the 14th was oversold. Investors added that they expect to start cutting US interest rates next month.
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