Current international crude oil prices

Current international crude oil prices

This is the most common mistake made by people who are new to crude oil. When making a profit, investors are often afraid of vomiting back a little profit, and then hurriedly settled the profit. As a result, a large piece of fat is missing. When a loss occurs, they always have illusions and think You caCurrent international crude oil pricesn get back your locked positions.

In addition, the GDP data of many countries will also be released. In the context of global trade frictions affecting demand growth, the GDP growth of the United States, France and other countries directly reflects whether the economy is weak or not, thereby affecting the rise and fall of international oil prices.

Sen said that if OPEC decides to increase its daily output by more than 600,000 barrels, oil prices will fall sharply. However, it is worth noting that raising the production ceiling may not necessarily lead to a corresponding increase in production, because many oil-producing countries cannot increase production.

In terms of demand, Goldman Sachs said that it is estimated that oil demand in 208 will increase by 750,000 barrels per day year-on-year, which is higher than the general forecast. Goldman Sachs believes that until the second quarter of 209, the oil market will be slightly tighter than previously expected. Goldman Sachs has revised down its estimate of 208 demand growth in emerging markets, but US activities have continued to be higher than expected, partly offset by the upward revision of US demand.

According to CNBC reports, having two OPEC members may be the key to whether oil prices can rise back to triple digits. These two countries are not Saudi Arabia and Iran, which are currently on the cusp, but Nigeria and Libya.

In the early hours of last Saturday morning, White House officials said that US President Trump was worried that the Fed would raise interest rates twice this year. After the news, the US dollar index fell short-term, as low asCurrent international crude oil prices 95. The U.S. dollar was suppressed by Trump last week. Starting this week, the U.S. dollar strengthened because of Mnuchin’s statement.

In addition, it is worth noting that the premium between Brent oil prices and WTI oil prices reached more than US$ per barrel, the highest level since the month of 205. In less than a month, the price difference between the two has doubled.

US President Trump is expected to decide on May 2 whether to continue to postpone or re-impose sanctions on Iran. Analyst Marlinson pointed out that the possibility of resuming sanctions against Iran is a key risk facing Iran's oil production. Sanctions will limit Iran’s oil exports and the country’s ability to attract foreign investment. Marlinson also said that sanctions or changes in the political environment have a greater impact on Iranian oil production than other factors.