In general, Sinopec's oil may be more resistant to burning, but the oil price is relatively higher. HMSN crude oil priceowever, some netizens also said: As long as the price of oil is lowered, it will be fine if it is not resistant to burning. The editor can only say, this netizen, you may be disappointed.
The first is the bond market: the yield on the US 0-year Treasury bond reached a high of 05% on April 25, the highest level since the beginning of 204. The data has since climbed further, rising to 2% on May 7, the first time since July 20.
Whether OPEC will increase production is still the focus of market discussion, and the views on this issue have continuously changed the market trend. In fact, OPEC has been under public or hidden pressure from the United States. The United States hopes that OPEC can cool down the overheated crude oil market. Considering the political and economic influence of the United States, OPEC is at a very unfavorable low position. Therefore, OPEC must release some news that is in line with the intentions of the United States.
For friends who have multiple orders and locked orders, here I give you some suggestions. Don’t worry if you have multiple quilt covers. Although today is also a bearish idea, there is bound to be a rebound in the daytime. We just need to make good use of this wave. Rebound, and take advantage of the trend to operate the short position, whether it is a long position or locked position, there is a chance to get out. For those with long orders/lock-ups, they can stop the loss when the market rebounds to around $40. Backhand short orders/gaining short orders. Friends who have less than 0w in short-term look at $44. If they fall below $44, look at $49 and those with more than 0w. Friends can continue to hold empty orders.
The U.S. Energy Information Administration EIA released a report on Wednesday May 9 that showed that as of the week of May 4, crude oil inventories in Cushing, Oklahoma increased by 80,000 barrels. In addition, last week, domestic crude oil production in the United States increased by 40,000 barrels to 0.7 million barrels per day, a continuous weekly increase.
Of course, in addition to the above factors, domestic and foreign macroeconomic environments, nMSN crude oil priceational road infrastructure policies, fuel oil market trends, refinery sales strategies, market speculation factors, etc., will also have an impact on asphalt price trends.
Analysts from institutions such as Markit predict that by 202, oil production in the Permian Basin will see an astonishing increase. By then, its production is expected to reach 5.4 million barrels per day, exceeding the current production of all OPEC member countries except Saudi Arabia.
As oil prices continue to fall, Saudi Arabia, as a major oil producer, panicks a bit. Saudi Arabia helped Trump reduce oil prices and increased crude oil production to 0.7 million barrels per day. However, due to the oversupply of crude oil and the drop in oil prices, Saudi Arabia’s current daily crude oil revenue has decreased by more than 2 trillion U.S. dollars or about 800 million yuan compared with the peak period. If oil prices continue to fall, Saudi Arabia will suffer incalculable losses.