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Oil futures prices rally to three-year highs.

机译:原油期货价格上涨至三年来的新高。

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US West Texas Intermediate (WTI) and UK Brent crude oil benchmark prices soared in the week to Jan. 12, posting upticks in all rive sessions and marking four-straight weeks of increases. The upside was largely propelled by ongoing bull factors, such as strengthening demand, OPEC production cuts, and tightening US oil inventories. Brent ended the week just shy of $70/bbl. Oil prices posted small upticks to commence the week on Monday, as bullish geopolitical tensions in the oil-rich Middle East largely offset bearish concerns about surging production levels in the US. "Oil prices are finely balanced in today's trading session. Ongoing protests in Iran, together with recent detention of several princes in Saudi Arabia, have reinvigorated geopolitical concerns," said Abhishek Kumar with Interfax Energy. "However, prospects for further increases in US oil production amid recent improvements seen in oil prices continue to promote bearish sentiment." Many analysts expect current (and rising) prices levels to be high enough to attract more US shale production, and forecasters have recendy raised output oudooks.
机译:美国西德克萨斯中质原油(WTI)和英国布伦特本周原油基准价格飙升1月12日,在所有赖夫会话和波澜连续4个星期的增加。好处在很大程度上推动持续的牛市因素,如加强需求,石油输出国组织(OPEC)减产,收紧美国石油库存。70美元/桶。周一开始的一周,乐观石油资源丰富的中东地缘政治紧张局势在很大程度上抵消看跌飙升的担忧在美国生产水平。平衡在今天的交易日。与最近在伊朗正在进行的抗议活动,在一起拘留的几个首领在沙特阿拉伯,重焕生机的地缘政治问题,”说的吗与国际文传电讯社阿布Kumar能量。进一步增加美国石油的前景在石油生产在最近的改进继续推动价格看跌情绪。”许多分析师预计当前(和)价格的上涨水平高到足以吸引更多美国页岩生产,预测recendy提高输出oudooks。

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