Worried about oil demand, slow recovery Dragging the oil price down

Crude oil prices drop for the first time After the previous increase to 8-9 consecutive days.

– The price of crude oil dropped for the first time. It had previously increased 8-9 days in a row after the International Energy Agency (IEA) expected demand to remain slower than short-term supply. As a result of the lockdown scale and the mutation of the COVID-19 virus This continues to put pressure on demand. However, demand is expected to recover and exceed supply in the second half of the year. From vaccination against COVID-19 Increasing and causing economic activity to recover

Market continues to keep an eye on the COVID-19 mutation And the effectiveness of the vaccine Experts from England said the mutant virus found in the UK is likely to be infectious worldwide and that persistent mutations could reduce the vaccine’s effectiveness. Pfizer and AstraZeneca vaccines are currently available to protect against the mutant virus found in the UK.

+ US economic stimulus worth over $ 1.9 trillion It is likely to be approved by Congress. It is expected to receive early approval on 15 Mar. 64.

Gasoline price

Decreased against the price of Dubai crude. After the supply in the region rose. However, prices were driven by a drop in Singapore gasoline to a two-week low.

Diesel fuel price

Decreased against the price of Dubai crude. The price was also pressured by rising Singapore diesel inventory to a three-week high.

Source: Thai Oil

Read original news: Worry about oil demand is slowly recovering. Dragging the oil price down

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