Reported about 1 year ago
As of June 30, 2024, geopolitical risks continue to influence oil prices, coupled with the high summer demand in the United States, leading to increased oil demand and further pushing oil prices upwards. However, the latest report from the U.S. Energy Information Administration (EIA) revealed a sudden surge of 3.6 million barrels in crude oil inventories for the week ending June 21, contrary to market expectations of a reduction by 2.9 million barrels, limiting the price increase. New York oil futures have regained all moving averages, stabilized above $80, turning into bullish control. Therefore, before breaking below the seasonal line, short-term New York oil futures still have the opportunity to advance. The upcoming inflation report on the 28th indicating an increase in the Personal Consumption Expenditures (PCE) price index may ease rate cut expectations, potentially supporting further oil price increases. Investors can participate in the oil market through Brent crude futures issued by the Taiwan Futures Exchange, where Brent crude futures (BRF) priced in New Taiwan dollars with a margin of 65,000 NT dollars per contract and a tick value of 100 NT dollars. (Provided by Yuanta Futures, compiled by Huang Yanhong) For more commercial times reports on overseas trading, high transaction volume surged to NT$4 trillion in the first 11 months. How is the land identified? A reasonable construction period is finalized. Micron soared over 9% in early trading, and memory group stocks rejoiced.
Source: YAHOO