West Texas crude oil trend chart

West Texas crude oil trend chart

The first focus on Tuesday was EIA's short-term energy outlook. It is estimated that OPEC's crude oil production in 208 will average 200,000 barrels per day, and the average production in 209 will be slightly higher than 200,000 barrels per day. The EIA made its predictions before the outbreak of LWest Texas crude oil trend chartibya this month, so in the latest update, traders may be concerned about any changes in these expectations. EIA emphasized that despite the declining production in Venezuela and Iran, production in 209 will still increase.

But compared with the subsequent oil price trend, such prices are still cheap. Iran’s oil exports fell sharply as refineries scrambled to find alternative sources of energy imports before the United States imposed sanctions on Iran on 4th. This in turn helped to absorb the unsold excess oil on the market.

Salman recently insisted that Saudi Aramco's listing plan will continue to advance and it will conduct an IPO no later than 202. He reiterated that its valuation of the company is still at least US$2 trillion. But some analysts said that Saudi Aramco's valuation may only reach US$1 trillion to US$5 trillion.

The Iranian side considers the loopholes in the US sanctions list to be ridiculous, and thinks that the United States wants to impose sanctions on Iran without clarifying anything. Iranian Foreign Minister Mohamed Javad Zarif said on Twitter: The United States has targeted a bank that closed six years ago and a ship that sank in an accident. This is a desperate psychological tactic.

Spot crude oil investment is one of the trading varieties. If you understand futures, you may also encounter soybeans, sugar, rebar and so on. In addition to trading in shopping malls and vegetable markets, these things can also be traded in financial markets in a virtual way. Why do you say virtual? Because suppose you buy a barrel of oil in the financial market, but in fact you did not buy one. A barrel of oil, but a barrel of oil in name. Of course, if you wish, you can also apply for delivery of physical gasoline and diesel at any time.

The U.S. Treasury Department announced the latest sanctions against IWest Texas crude oil trend chartran, targeting the financing practices of Hezbollah in Lebanon, which the United States defines as a terrorist organization. The individuals included in the sanctions list except for the Iraqi bank Al-BiladIslamic

JXTG Energy, Japan’s largest refiner, plans to resume imports of Iranian crude oil as early as the end of this month or early February. However, the Japanese side can only temporarily resume crude oil trade, because the exemption period issued by the US authorities is up to 80 days, and the shipping industry has required oil wholesalers to stop importing Iranian crude oil at the end of February.

The US Energy Information Administration EIA predicts this month that US crude oil production is expected to increase to a record high of 0.7 million barrels per day in 208, 700,000 barrels per day in 209, and 9.4 million barrels per day in 207.

Another option is to require countries with surplus production capacity to fill the gap left by Venezuela and other countries in difficulty. According to this arrangement, the daily increase in oil production may be closer to 0 million barrels. However, these countries are also prepared to make up for Iran's reduced output after the United States withdrew from the Iran nuclear agreement and imposed sanctions on Iran again.

Before the market is confirmed as a downtrend, you cannot sell on any rising day until the market confirms a downtrend, or just let it rise and make ends meet; when the market is confirmed as an uptrend, don’t Can be sold or shorted.