Straits Times Index
2,971.61+47.03(+1.61%)Nikkei
30,168.27+496.57(+1.67%)Hang Seng
30,118.09+399.85(+1.35%)
Crude Oil Apr 21 (CL=F)
| Pre. Settlement | N/A |
| Settlement date | 2021-03-22 |
| Open | 63.39 |
| Bid | 63.74 |
| Last price | 63.22 |
| Day's range | 63.06 - 63.76 |
| Volume | 52,546 |
| Ask | 63.75 |
- Reuters
Exclusive: Chinese banks, Australia's Macquarie tiptoe into Asian oil finance void
Chinese national banks and Australia's Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations. Established financiers still taking on oil transactions, such as France's BNP Paribas and Singapore's OCBC, have raised compliance standards and are shying away from higher-risk small traders and refiners, according to interviews with over a dozen trading and banking executives. Beijing-controlled Bank of China, ICBC Standard and Agricultural Bank of China are among the few institutions that are expanding credit in the sector, mostly as customers activate dormant lending facilities set up previously but left unused as they were viewed as too expensive or restrictive.
- Reuters
Oil hovers near 13-mth highs as storm hits U.S. output, Fed assures rates staying low
Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to the storm in Texas. Brent crude futures for April gained 37 cents, 0.6%, to $67.41 a barrel by 0718 GMT, while U.S. West Texas Intermediate crude for April was at $63.54 a barrel, up 32 cents, 0.5%. Both contracts touched their highest since Jan. 8, 2020, earlier in the session with Brent at $67.49 and WTI at $63.67.
- Reuters
Oil hovers near 13-month highs as storm hits U.S. output, Fed assures rates staying low
Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to the storm in Texas. Brent crude futures for April gained 37 cents, 0.6%, to $67.41 a barrel by 0718 GMT, while U.S. West Texas Intermediate crude for April was at $63.54 a barrel, up 32 cents, 0.5%. Both contracts touched their highest since Jan. 8, 2020, earlier in the session with Brent at $67.49 and WTI at $63.67.
