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Top related persons:
Satoru Yoshida - 1 Saudi Arabia's - 1 Yoshida - 1 Edward Moya - 1 Moya - 1 Yuka Obayashi - 1 Shri Navaratnam - 1
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Saudi - 1 Brent - 1 U.S . West Texas - 1 WTI - 1 Rakuten Securities - 1 U.S . Federal - 1 Thomson - 1

Search resuls for: "Yuka Obayashi Sudarshan Varadhan"


3 mentions found


☆ Oil prices headed for second straight weekly loss on demand fears
  + stars: | 2023-06-09 | by ( Yuka Obayashi Sudarshan Varadhan | Yuka Obayashi | Sudarshan Varadhan | ) www.reuters.com   time to read: +2 min
"Oil prices are expected to stay in a range of about 3 dollars above and below $70 for WTI in the near term," Satoru Yoshida, a commodity analyst with Rakuten Securities. Oil prices had risen early in the week following Saudi Arabia's pledge over the weekend for deep output cuts, but they pared gains after rising U.S. fuel stocks and weak Chinese export data. Yoshida said factors such as fears over tighter supply and higher demand as the United States enters driving season which could drive prices higher were being offset by worries over a slow pickup in China's fuel demand. "Crude prices didn't get any favours from China as their economic recovery has disappointed," OANDA analyst Edward Moya said. While a Reuters poll of economists showed the U.S. Federal Reserve could skip a rate hike at its June 13-14 meeting, the absence of similar signals from other major central banks was weighing on the oil demand outlook, Moya added.
Persons: Satoru Yoshida, Saudi Arabia's, Yoshida, Edward Moya, Moya, Yuka Obayashi, Shri Navaratnam Organizations: Saudi, Brent, U.S . West Texas, WTI, Rakuten Securities, U.S . Federal, Thomson Locations: SINGAPORE, United States, Iran, U.S, United, China
☆ Oil prices on track to finish week 2.5% lower on U.S. rate hike worries
  + stars: | 2023-02-17 | by ( Yuka Obayashi Sudarshan Varadhan | Yuka Obayashi | Sudarshan Varadhan | ) www.reuters.com   time to read: +2 min
[1/2] Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/FilesFeb 17 (Reuters) - Oil prices were on track for weekly losses of 2.5% as strong U.S. economic data heightened concerns that the Federal Reserve would further tighten monetary policy to tackle inflation, a move that could hit fuel demand. Data showed that the U.S. producer price index (PPI) rose 0.7% in January, after declining 0.2% in December. "Crude oil prices were also lower due to risk-off trades following the selloff on Wall Street following the PPI data and a strong U.S. dollar," Teng said. Oil prices have seesawed over the past weeks between fears of a recession hitting the United States amid inflation-fighting rate hikes and hopes for a pick-up in demand in China, the world's top oil importer.
☆ Oil prices on track to finish week lower on U.S. rate hike worries
  + stars: | 2023-02-17 | by ( Yuka Obayashi Sudarshan Varadhan | Yuka Obayashi | Sudarshan Varadhan | ) www.reuters.com   time to read: +2 min
[1/2] Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/FilesFeb 17 (Reuters) - Oil prices were on track for weekly losses as strong U.S. economic data heightened concerns that the Federal Reserve would further tighten monetary policy to tackle inflation, a move that could hit fuel demand even as crude stockpiles grow. Data showed that the U.S. producer price index (PPI) rose 0.7% in January, after declining 0.2% in December. "Crude oil prices were also lower due to risk-off trades following the selloff on Wall Street following the PPI data and a strong U.S. dollar," Teng said. Oil prices have seesawed over the past weeks between fears of a recession hitting the United States amid inflation-fighting rate hikes and hopes for a pick-up in demand in China, the world's top oil importer.
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