+ Crude oil prices West Texas and Brent closed the market last Friday, slightly up. After the unemployment rate in September fell to near the lowest level in 50 years at 3.5 percent, which is lower than analysts had predicted and decreased from the previous 3 months standing at 3.7 percent. Although the non-farm payrolls numbers will increase by only 136,000 in September, less than the market expected to increase by around 145,000.
+ Investors commented that the US economy May not be as bad as the contraction stage But the view that the US-China trade war will continue to affect growth. Also expect the Federal Reserve (Fed) will continue to cut interest rates. While Fed Chairman Jerome Powell views that the US economy Still in good condition Although there are still some risks
– Saudi Energy Minister Prince Abdulaziz bin Salman said the country's crude oil production returned to its level before the attack on the oil facility in mid-September, with the country's production at around 11.3 million. Barrels per day Ready to reveal that the country is now focusing on preparing to sell IPO.
Gasoline price
Gasoline prices rose more than Dubai crude oil prices. After being driven by the tightness of supply in Asia Pacific. Especially in Indonesia, Malaysia and Pakistan as there are many refineries under maintenance.
Diesel price
Diesel fuel prices increase following Dubai crude oil prices. The price is driven by continued demand in China and North Asia. While maintenance shutdowns in Taiwan and Japan have reduced supply.
Source link
https://www.prachachat.net/finance/news-378487