{"id":101168,"date":"2020-10-30T13:56:00","date_gmt":"2020-10-30T10:56:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/oil-prices-mixed-but-head-for-big-monthly-fall\/"},"modified":"2020-10-30T13:56:00","modified_gmt":"2020-10-30T10:56:00","slug":"oil-prices-mixed-but-head-for-big-monthly-fall","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/oil-prices-mixed-but-head-for-big-monthly-fall\/","title":{"rendered":"#\n  Oil prices mixed, but head for big monthly fall"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af0e73fa8073\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af0e73fa8073\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/oil-prices-mixed-but-head-for-big-monthly-fall\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Oil prices mixed, but head for big monthly fall<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000051210\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:61.5625%;\" data-mobile-ratio=\"61.5625%\" data-layout-ratio=\"61.5625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-250226?width=140&amp;size=1.6243654822335025 140w,\nhttps:\/\/images.mktw.net\/im-250226?width=540&amp;size=1.6243654822335025 540w,\nhttps:\/\/images.mktw.net\/im-250226?width=620&amp;size=1.6243654822335025 620w,\nhttps:\/\/images.mktw.net\/im-250226?width=700&amp;size=1.6243654822335025 700w,\nhttps:\/\/images.mktw.net\/im-250226?width=860&amp;size=1.6243654822335025 860w,\nhttps:\/\/images.mktw.net\/im-250226?width=1260&amp;size=1.6243654822335025 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-250226?width=620&amp;size=1.6243654822335025\" data-enlarge=\"https:\/\/images.mktw.net\/im-250226?width=1260&amp;size=1.6243654822335025\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Frederic J. Brown\/Agence France-Presse\/Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Oil prices were little changed early Friday were on track to book a large fall for the month as rising COVID-19 cases in the U.S. and Europe pose a renewed threat to demand.<\/p>\n<p> West Texas Inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te crude for December delivery<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"negative\">-0.24%<\/bg-quote><br \/>\n       was down 1 cent at $36.16 a barrel on the New York Mercantile Exchange. January Brent crude<br \/>\n        BRN00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209704782\/delayed\" class=\"negative\">-0.44%<\/bg-quote><span>,<\/span><br \/>\n       the global benchmark, was off 8 cents, or 0.2%, at $38.18 a barrel on ICE Futures Europe.<\/p>\n<div class=\"paywall\">\n       Based on activity in the most actively traded contracts, WTI was headed for a monthly loss of 10.2% while Brent was down 9.9%, according to FactSet.<\/p>\n<p>A large chunk of those declines came this week, with pressure tied largely to worries that a rise in COVID-19 cases that forced additional restrictions on activity in European countries and saw the daily number of new U.S. infections hit a record on Thursday will dent demand for crude.<\/p>\n<p>Weakness in oil has accompanied heightened volatility across financial markets. The drop in oil comes as U.S. stock-market benchmarks head for big weekly losses tied to COVID-19 concerns and uncertainty ahead of Tuesday\u2019s U.S. elections.<\/p>\n<p> <strong>See<\/strong>: Global cases of COVID-19 45 million, 1.18 million deaths and U.S. counts more than 90,000 cases in a day <\/p>\n<p>The fall in crude prices, which has seen Brent drop back below the important $40-a-barrel threshold, is seen putting pressure on the Organization of the Petroleum Exporting Countries and its allies to take action ahead of a planned relaxation of output curbs in January.<\/p>\n<p>But analysts questioned whether actions by the OPEC+ alliance would be able to stem the pressure.<\/p>\n<p>\u201cAnnouncing that the voluntary production cuts will be left in place would have little impact in view of the persistently weak demand and negative sentiment,\u201d said Eugen Weinberg, analyst at Commerzbank, in a note.<\/p>\n<p>\u201cIf further cuts were announced, OPEC+ would risk losing its credibility. After all, given the increase in production elsewhere \u2014 be it in Brazil, the U.S. or particularly in Libya \u2014 the \u2018OPEC+\u2019 countries are hardly likely to voluntarily reduce their production further.,\u201d he said. \u201cWe therefore see OPEC+ as powerless at present, meaning that the oil price is likely to remain for the most part in the pull of the financial markets.\u201d <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-DC80AD468937%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Oil prices mixed, but head for big monthly fall &#8221; Frederic J. Brown\/Agence France-Presse\/Getty Images Oil prices were little changed early Friday were on track to book a large fall for the month as rising COVID-19 cases in the U.S. and Europe pose a renewed threat to demand. West Texas Intermediate crude for December&#8230;<\/p>\n","protected":false},"author":1,"featured_media":101169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-101168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=101168"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/101169"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=101168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=101168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=101168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}