• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Oil Prices Rise on China Energy Demand Concerns

Oct 19, 2021

Oil Prices Rise on China Energy Demand Concerns

Oil prices increased on Tuesday as a global supply shortage of natural gas, power, and coal persisted, while dropping temperatures in China reignited concerns about the world's largest energy consumer's ability to fulfill domestic heating demand.

After dropping 0.6 percent on Monday, the Brent oil benchmark climbed 35 cents, or 0.4 percent, to $84.68 a barrel at 0827 GMT. This month, the contract is still up over 7%.

WTI futures in the United States rose 70 cents, or 0.9 percent, to $83.14, after rising 0.2 percent the previous day and almost 10% this month.

"Normally, Brent leads the way up in a bull market, but this time around, local concerns in the United States give extra support for WTI," said Tamas Varga, an oil analyst at London brokerage PVM Oil Associates.

"The recent storm season was so disruptive that (US) farmers are still recovering from the devastation inflicted by Hurricane Ida."

With temperatures dropping as the northern hemisphere winter approaches and heating demand rising, traders and experts predict that oil, coal, and natural gas prices will remain high.

According to AccuWeather.com, colder weather has already begun to grip China, with near-freezing temperatures expected for northern parts.

"Normally, Brent leads the way up in a bull market, but this time around, local concerns in the United States give extra support for WTI," said Tamas Varga, an oil analyst at London brokerage PVM Oil Associates.

"The recent storm season was so disruptive that (US) farmers are still recovering from the devastation inflicted by Hurricane Ida."

With temperatures dropping as the northern hemisphere winter approaches and heating demand rising, traders and experts predict that oil, coal, and natural gas prices will remain high.

According to AccuWeather.com, colder weather has already begun to grip China, with near-freezing temperatures expected for northern parts.

Oil supply in the United States is expected to increase, helping to keep prices under control. According to the Energy Information Administration, production in the world's largest shale deposit is anticipated to increase further next month.

Subscribe Our Newsletter

Brands Face Serious Issues With The New Twitter Verification

Milena

Brands Face Serious Issues With The New Twitter Verification

A crowd of impostors caused the social network to briefly stop its delivery of verified badges for $8 monthly subscribers.

Companies
Foxconn Buys Lordstown Motors’ Old GM Factory for $230 Million
Foxconn Buys Lordstown Motors’ Old GM Factory for $230 Million

Foxconn, a Taiwanese electronics maker, announced on Wednesday that it’s pushing forward with a proposal to buy a Lordstown Motors vehicle assembly factory in Ohio for $230 million.

Companies
Liquidity Provider

Why Do Brokers Need PAMM Accounts?
In this article, we will take a look into what a PAMM account is, its functions, what value it brings to brokerages and to various types of investment firms, and describe some of the best and most efficient PAMM solution providers in the industry. We will also consider the features of such accounts and their advantages and disadvantages.

discover
What is the Liquidity Ratio?

Liquidity Provider

What is the Liquidity Ratio?

The notion of liquidity is exceptionally important in all financial markets, as traders/investors want to understand how many chances they have to buy and sell a certain asset by the market price.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy