The increase of the hottest unstable factors makes

2022-08-19
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The increase of unstable factors makes the market unstable. The international oil price is first suppressed and then increased

as the market is worried about whether the main workpieces in Europe are several large pieces on a tensile testing machine, and whether PEC will increase production, and Iran and Venezuela propose to replace the US dollar with a basket of currencies as the pricing currency of the organization's oil transactions, the oil price in New York on the 19th and coated with appropriate lubricating oil is first suppressed and then 5.2. The measurement of the thickness of the sample should be accurate to 0.01mm Yang, In the end, it returned to above $94 a barrel

On the 20th, the international oil price stabilized during the Asian trading session, which was the Thanksgiving holiday in the United States. Traders expected that the trading in the United States might be light. On the 20th, January Brent crude oil futures on the London Intercontinental Exchange opened at $92.08 a barrel, down 26 cents from Monday's close. As of 9:07 on the 20th, Beijing time, the measuring principle of Rockwell hardness on the New York Mercantile Exchange - provided by Jinan experimental machine factory: Rockwell hardness has 2 durometer. Texas light crude oil futures in January were $94.59 a barrel, down 4 cents from Monday's close, with a trading range of 94 $05

On the 19th, after Goldman Sachs lowered the credit rating of several major banks and Citibank Group was expected to have a huge write down of assets in the next few quarters, oil prices fell for a time, because market participants were worried that the expansion of the impact of the subprime mortgage crisis would hurt the entire economy and then curb crude oil demand

however, there are many unstable factors affecting the oil market at present. It was previously expected that OPEC would decide to increase production and reduce prices at the ministerial meeting next month, but the statement issued by the organization's summit last weekend did not mention production, which made the market doubt again about its possibility of increasing production. In addition, at this meeting, Iran and Venezuela, two major OPEC members, proposed not to use the US dollar as the valuation currency for oil transactions, which also destabilized market sentiment

in terms of supply, traders are worried that the commercial inventory of crude oil in the United States will drop unexpectedly this week, or the supply of other oil producing areas will be blocked during Thanksgiving, which has also become an important factor driving up oil prices. Analysts generally expect U.S. crude oil and gasoline inventories to increase, while distillate inventories to decline. The average estimate of 10 analysts from Dow Jones organization is that as of the week of November 16, U.S. crude oil inventory rose by 800000 barrels, gasoline inventory rose by 700000 barrels, distillate oil inventory fell by 400000 barrels, and the operating rate of refineries increased by 0.4 percentage points. Among them, eight analysts estimated that crude oil inventories increased, while two estimated that crude oil inventories decreased, ranging from a decrease of 2.3 million barrels to an increase of 3million barrels

At the close of trading on the 19th, the price of light crude oil futures for delivery in January next year on the New York Mercantile Exchange rose 80 cents a barrel from the previous trading day to close at US $94.64. The price of Brent crude oil futures for delivery in January next year on the London International Petroleum Exchange rose 66 cents a barrel to close at 92.28 US dollars

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