OIL: THE BARREL UNDER PRESSURE

Posted 20 December, 2021

Oil begins this Christmas week in sharp decline. In New York, a barrel of US light crude for January delivery lost 4.6% to 67.6 dollars on the Nymex, while a barrel of Brent from the North Sea (due February) dropped 3.8% to 70, $ 7 in London. Operators are concerned about the spread of the Omicron variant and the multiple restrictions put in place around the world to deal with it. The Netherlands entered 'confirm strict' mode on Sunday and the possibility of more restrictions being imposed during the Christmas and New Year holidays is looming in several European countries.

“Investor risk sentiment was undermined by new evidence over the weekend of Omicron's disruptive impact. Lockdown in the Netherlands will heighten fears that similar measures will be adopted in other countries Europeans in the coming weeks, "said Lee Hardman, an analyst at MUFG. Health officials in the United States on Sunday urged Americans to get vaccinated, wear masks, and be careful if traveling during winter holidays, with the Omicron variant set to become the dominant strain besides. -Atlantic.

Meanwhile, the Biden administration's 'Build Back Better plan has its head in the wings after Democratic Senator Manchin announced he would not support the 1,750 social and environmental spending bill. billions of dollars. Failure to adopt this project risks weighing more or less heavily on US growth next year and, ultimately, on local fuel consumption.

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20 December, 2021 16:04

← INFLATION CONFIRMED AT 4.9% IN THE EURO ZONE IN NOVEMBER

The annual inflation rate in the eurozone did indeed reach 4.9% in November after + 4.1% in October, showing final Eurostat data.

INFLATION CONFIRMED AT 4.9% IN THE EURO ZONE IN NOVEMBER

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20 December, 2021 10:16

EUR / USD: STUCK AFTER THE ECB AND THE FED →

Central banks have stayed close to market expectationsThe euro remains in a phase of lateral consolidation which may extend.

EUR / USD: STUCK AFTER THE ECB AND THE FED
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