iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Global crude oil news: Prices fall as demand from China remains uncertain

17 Nov 2022 , 09:31 AM

As anxieties about geopolitical tensions subsided and concerns about demand in China, the world’s largest crude importer, increased, oil prices fell for the second day in early Asian trade on Thursday.

To reach $92.24 a barrel, Brent crude futures declined by 62 cents or 0.7%. West Texas Intermediate (WTI) oil futures in the United States decreased by 65 cents, or 0.8%, to $84.94 per barrel.

Following the commencement of Russian oil exports via the Druzhba pipeline to Hungary on Wednesday, Brent fell by 1.1% and WTI fell by 1.5%.

In an effort to allay concerns that the conflict between Russia and Ukraine would spill over the border, Poland and the military alliance NATO said on Wednesday that a missile that crashed within Poland was likely a stray shot by Ukraine’s air defences rather than a Russian strike.

The Energy Information Administration reported on Wednesday that crude stocks in the United States, the world’s largest oil consumer, fell by 5.4 million barrels in the week ending Nov. 11 to 435.4 million barrels, contrary to forecasts in a Reuters poll for a 440,000-barrel decline.

As TC Energy lifted a force majeure order on its 622,000 barrel per day Keystone pipeline, which supplies the Midwest and Gulf Coast, more oil is expected to flow to the U.S.

China has a tiny COVID caseload compared to the rest of the world, but it nevertheless has strict rules in place to stop cases from spreading.

Over 20,000 of the 23,276 new COVID-19 infections reported by the National Health Commission on November 16 were asymptomatic.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • China
  • crude oil
  • Russia
  • USA
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.