Oil Prices Slip as Summer Demand Surge Nears End -- Market Talk
Oil Prices Slip as Summer Demand Surge Nears End -- Market Talk
1440 ET - US benchmark oil prices finish a tight-range trading session with a small 0.2% decline at $69.09 a barrel as investors worry whether demand can stay relatively strong in the fall after surprisingly high oil consumption rates this summer. The market turned slightly bearish overnight after an IEA report in which the Paris-based group cut its 2H21 global demand outlook sharply and warned of surpluses next year as Delta variant fears continue. But US air travel has only taken a minor hit from Delta, and roadway travel is holding steady as well. Heading toward Friday, WTI crude is 1.2% higher for the week after a huge, 7.7% drop last week. (dan.molinski@wsj.com)
1440ET-美国基准油价结束了一个窄幅交易时段，小幅下跌0.2%，至每桶69.09美元，因为投资者担心，在今年夏天令人惊讶的高石油消费率之后，秋季的需求是否能保持相对强劲。在国际能源署(IEA)一份报告发布后，市场在一夜之间变得略显悲观。这家总部位于巴黎的集团在报告中大幅下调了2h21全球需求预期，并警告称，由于对达美航空变异的担忧仍在继续，明年将出现过剩。但美国航空旅行只受到达美航空的轻微打击，公路旅行也保持稳定。临近周五，西德克萨斯中质原油(WTI)本周上涨1.2%，上周大幅下跌7.7%。(dan.molinski@wsj.com)
