Pingtian International Spot Investment and Financial Management

Pingtian International Trading Center, silver, copper, crude oil, asphalt, natural gas, telephone recruitment for members, agent account opening, investment, high rebates, Pingtian International platform information, U.S. monthly crude oil futures, Pingtian International price closed down by USD on Wednesday, with a decrease of 1%, and the oil price was quoted at USD/barrel on Wednesday. It fell in choppy trading as concerns over a larger-than-expected increase in U.S. crude inventories outweighed renewed hopes for an output freeze after Russia commented on a possible meeting with Saudi Arabia.
At the same time, the international price of Brent crude oil futures closed down by US$1,000, at US$1/barrel.
Oil prices rose sharply on Tuesday on news that the Organization of the Petroleum Exporting Countries was once again making efforts to reach an agreement to limit production before a formal meeting in Vienna.
Russian Energy Ministry Novak said that Russia is willing to support the decision to freeze production, and there is a high possibility of reaching an agreement on the terms of the production freeze agreement before March.
At the same time, the U.S. Energy Information Administration said that U.S. crude oil inventories increased for the third consecutive week last week, with a larger-than-expected increase of 10,000 barrels. Analysts polled by Reuters expected an increase of 10,000 barrels.
Analysts said that after the release of the U.S. crude oil inventory report, fundamental conditions suppressed oil prices. Price volatility will intensify as the March meeting approaches, but the market will ignore fundamentals.
Venezuelan President Maduro said he will discuss the production freeze with Secretary-General Barkindo in Caracas on Wednesday.
Sources in the Algerian energy sector said that the energy ministers of some member states may also meet informally in Doha on Friday to try to build consensus on the decision taken in Algiers last month.
Pingtian International is recruiting investment nationwide, and the investment hotline welcomes friends from inside and outside the industry to consult.