上周，由于对全球经济增长和石油需求的担忧，这两个石油基准指数均下跌超过2%。美国商品期货交易委员会（CFTC）周五表示，在截至12月17日的一周内，基金经理增持了美国原油期货和期权的净多头头寸。另外，市场对欧洲供应的担忧有所缓解。On Monday, oil prices rose as lower-than-expected inflation data from the USA rekindled hopes for further easing policies from the Federal Reserve, although the outlook for oversupply next year puts pressure on oil prices.
As of 7:29 GMT (15:29 Peking time), Brent Crude futures rose by 0.5% to $73.31 per barrel. USA WTI Crude futures rose by 0.6% to $69.86 per barrel.
IG Market Analyst Tony Sycamore stated: "This week, risk assets including USA Single Stock and Crude Oil started more robustly." He noted that the cooling inflation data alleviates concerns following the hawkish rate cuts from the Federal Reserve. Sycamore added: "I believe the USA Senate's passage of legislation to end the brief government shutdown over the weekend was helpful."
Last week, both oil benchmark indices fell by more than 2% due to concerns about global economic growth and oil demand. The USA Commodity Futures Trading Commission (CFTC) stated on Friday that, during the week ending December 17, fund managers increased their net long positions in USA Crude Oil futures and Options. Additionally, market concerns regarding European supply have eased.
Macquarie Analysts in a report for December indicated that oversupply is expected to increase next year, which will lower the average Brent Crude oil price from $79.64 per barrel this year to an average of $70.50 per barrel.