Gate.io: After experiencing a major dumping in the global market, oil prices briefly regained some lost ground

robot
Abstract generation in progress

Jinshi data news on August 6th, due to concerns about weak demand and global market dumping, oil prices fell in the previous trading day and partially recovered today. Dutch international analysts said in a report: "Investors have been withdrawing from commodities in recent weeks, and position data highlights this. Although the fundamentals of oil still have a support role, speculative sentiment is deteriorating." Concerns about a full-scale war in the Middle East and data showing a rebound in U.S. service activity in July currently provide some support for prices. In addition, analysts said that there are reports that Libya's largest oil field Sharara has been completely shut down due to on-site protests, which offsets some macro bearish sentiment.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)