{"id":61789,"date":"2022-06-07T15:00:00","date_gmt":"2022-06-07T19:30:00","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/oil-rises-to-us-120-and-world-stock-markets-operate-on-the-rise\/"},"modified":"2022-11-24T14:10:09","modified_gmt":"2022-11-24T18:40:09","slug":"oil-rises-to-us-120-and-world-stock-markets-operate-on-the-rise","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/oil-rises-to-us-120-and-world-stock-markets-operate-on-the-rise\/","title":{"rendered":"Oil rises to US$ 120 and world stock markets operate on the rise"},"content":{"rendered":"\n

By<\/strong> : Franyi Sarmiento, Ph.D., Inspenet, June 7, 2022 <\/p>\n\n

European stocks rose on Monday helped by miners and luxury stocks as China eased more Covid-19 restrictions, while investors kept an eye on US inflation data and details of the meeting of the European Central Bank this week.<\/p>\n\n

The Stoxx 600 Index was up 0.9%, after ending last week down 0.9% on concerns over aggressive monetary tightening by major central banks.<\/p>\n\n

Miners were up 1.2%, while luxury stocks gave the Stoxx 600 the biggest lift. Both sectors receive significant demand from China, rising after authorities eased restrictions in Beijing and Shanghai over the weekend.<\/p>\n\n

London’s FTSE 100, heavily weighted by commodities, was up 1.1% after a four-day weekend for Elizabeth II’s Platinum Jubilee festivities. The British Prime Minister, Boris Johnson, will face a motion of no confidence by the deputies of the Conservative Party in Government on Monday, as announced by the president of the 1922 Committee, Graham Brady, to the deputies.<\/p>\n\n

Wall Street opened higher on Monday, extending gains after Friday’s labor market report suggested continued strength in job creation without further acceleration in wage growth.<\/p>\n\n

Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that a higher OPEC+ monthly production target would help ease the supply crunch.<\/p>\n\n

Brent crude gained 0.04% to $119.77 a barrel, after hitting an intraday high of $121.95.<\/p>\n\n

West Texas Intermediate (WTI) crude futures were up 0.04% at $118.92 a barrel, after hitting a three-month high of $120.99.<\/p>\n\n

Saudi Arabia raised the July official selling price (OSP) for its light crude oil by $2.10 to a premium of $6.50, the highest level since May, when prices reached all-time highs due to concerns about disrupted supplies from Russia.<\/p>\n\n

The price increase followed a decision last week by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to boost July and August production by 648,000 barrels a day, or 50% more than previously forecast. .<\/p>\n\n

However, the target was extended to all OPEC+ members, many of which have little room to ramp up production and including Russia, which is facing Western sanctions.<\/p>\n\n

\u201cWith only a handful of OPEC+ participants with spare capacity, we expect the organization’s production increase to be around 160,000 barrels per day (bpd) in July and 170,000 bpd in August,\u201d JP Morgan analysts said.<\/p>\n\n

Source<\/strong> : https:\/\/www.valoraanalitik.com\/2022\/06\/06\/premercado-bolsas-mundiales-6-junio-petroleo\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By: Franyi Sarmiento, Ph.D., Inspenet, June 7, 2022.
\nEuropean stocks rose on Monday helped by miners and luxury stocks as China eased more Covid-19 restrictions, while investors kept an eye on US inflation data and details of the meeting of the European Central Bank this week. <\/p>\n","protected":false},"author":838,"featured_media":40198,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-61789","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/61789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/838"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=61789"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/61789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/40198"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=61789"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=61789"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=61789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}