The hottest international oil price goes up and do

2022-08-19
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International oil price: go up, go down

many car owners feel a little better these two days. It's not easy to see the soaring oil price. In the past two weeks, it has panted down two steps from $147. On Wednesday, November 29, according to the official of Liaoning Provincial Bureau of quality and technical supervision, the price of crude oil futures on the New York Mercantile Exchange fell sharply by more than $4 after the opening, reaching $120.42 a barrel and closing at $122.19 a barrel, the lowest closing record since May 6

"cheap" oil prices are not cheap. Compared with the beginning of the year, the oil price on January 22 was only $86, which was nearly doubled compared with a year ago. People who are frightened by the rise in oil prices can only shiver to ask: will it fall or rise in the future

the answer to this question is really hard to give. Oil is not a simple commodity. There are speculators, geopolitical factors, and the face of the dollar. Of course, supply and demand have to speak in the end. There are too many uncertain factors in it

in the past two weeks, the oil price has fallen so sharply. A week ago, the market was still suspicious: it was only a temporary adjustment, and it should not be said that it has become the leader in the fields of new thermoplastics, elastomers, polymers, resins and so on. A week later, I still jumped down, but I was even more confused: this fell too fast, really want to enter the downward channel? Is it the rational return of oil prices or a nap on the way up? People from all sides of the market debated and disagreed

often, traces of speculative funds can be seen in this short-term sharp rise and fall. Under the background of the continuous depreciation of the US dollar, the rising pressure of global inflation and the volatility of the world's major financial markets, international hedge funds, pensions and others have entered the commodity futures market to earn profits and maintain their value with the help of oil, agricultural products and metal futures. According to statistics, compared with 2003, the speculative capital pouring into the international commodity futures market has increased nearly 20 times, reaching US $260billion, of which more than 50% is used for oil futures contract trading

speculative capital will always make profits. The classified position report of crude oil futures for the week ended July 22 released by the commodity futures trading commission over the weekend showed that the fund significantly reduced its holdings of 11994 crude oil futures multiple orders and increased its holdings of 14028 empty orders during the week. This made the fund position on New York crude oil futures appear clear position, and the clear head volume reached 3640

speculative funds turn their hands short, and oil prices are like broken paper kites. They want to fly, but they can't fly high. However, given the huge demand for energy in emerging markets in Asia, oil prices may not have room to rebound in the future

data show that the annual growth rate of global oil consumption has been about 1.4% since 1981. Including China and India, industrialization and cities have made the fastest progress, and the growth rate of oil consumption in the Asia Pacific region, which accounts for the largest proportion of the global population, has reached 3.6%. In 1981, the Asia Pacific region accounted for 17% of the global oil consumption, which has risen to 30% in 2007, accounting for 60% of the net growth of global oil consumption in the same period

experts believe that with the population of more than 2 billion newly industrialized countries joining the process of economic globalization, the level of global industrialization and urbanization and the level of economic development have significantly improved. For example, the mining and smelting of non-ferrous metals have fallen by 12.4% and 13.7% year-on-year, respectively, supporting global economic growth and, to a certain extent, causing the continuous growth of world demand for oil and bulk raw materials. As long as the rising process of developing countries represented by the BRICs countries continues, it will be difficult for the world's consumption of oil and bulk products to decline. Therefore, when China raised the price of refined oil a while ago, the big tiger of oil was shocked, and the trend was sluggish, because China is already the second largest oil consumer in the world

if the oil price goes down for a long time, people don't want to see the fact that before it comes the decline of the global economy and the depression of the global consumer market. We hope the economy will be better and the oil price will not be too thrilling. Maybe it's just a kind and simple wish

at present, the only certain fact is that the oil price may be pulling out of the speculative foam and returning to its due value range. It is understood that this is also good news. At least, it has freed up a hand for countries in the world that want to prevent both inflation and economic downturn. This hand is getting more and more tightly wrapped by the silk thread of interest rate hikes, which needs more room for relaxation

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