Year1
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Contact person: Manager Zhang Hunan Weide Investment Promotion, Hunan Weide
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, Hunan Weide personal agent, Hunan Weide Company agent , Hunan Weide spot investment, Hunan Weide spot agent, Hunan Weide silver investment, Hunan Weide silver agent, Hunan Weide fuel hydrocarbon investment, Hunan Weide fuel hydrocarbon agent, Hunan Weide bulk investment.
Last Friday, the entire oil market was turned upside down by several people familiar with the matter
Oil prices fluctuated up and down within the range of the US dollar. Although this was ultimately viewed as a farce, it also revealed a terrifying sign. If OPEC ultimately fails to reach an agreement to cut production on October 1, oil prices will fall further than investors imagine. Moreover, if Saudi Arabia significantly increases production thereafter, oil prices are likely to fall back into the dollar/barrel nightmare again.
However, now for the international oil market, the market is paying more attention to the US crude oil inventory data. Last week, crude oil inventories hit a year-high increase, and subsequently, the price difference between Brent crude oil and crude oil fell to nearly US dollars. However, h columnist said that the Brent crude oil premium will increase in the next few weeks as the OPEC production reduction meeting approaches. After all, whether OPEC finally reaches an agreement to reduce or freeze production, it will affect Brent oil prices more than oil prices, because Brent oil prices are the basis for pricing crude oil in Europe, Africa and the Middle East, and almost two-thirds of global crude oil transactions are Based on Brent crude oil.
However, if the impact of geopolitical turmoil in the Middle East on oil price output is taken into account, we will find that the premium of Brent crude oil in the US dollar is actually a very low level.
Hunan Weide Trading Center’s national recruitment agent contact number
Contact person: Manager Zhang
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