University of Crude Oil Analysis

University of Crude Oil Analysis

For friends with spot crude oil sets, if the set is relatively light, or the position is relatively light, it is recommended to cut a small loss directly, and if the position is relatively heavy, it is recommended to add gold to protect the position. Because from the perspective of various news, oil prices are at risk of continuinUniversity of Crude Oil Analysisg to decline. However, there is still the possibility of a rebound in the market outlook, and the author expects that the possibility of oil prices falling below the $40 mark is low.

At the close of the month, WTI fell by US$24, or 07%; Brent crude oil fell by US$65, or 6%. So far, WTI crude oil has risen 0.4% to $577, and Brent crude oil has risen 0.2% to $675.

That is, establish a buy order and a sell order at the same time to lock the loss or profit in a certain range and not expand. It is generally not recommended for customers to adopt a hedging strategy of locking in losses! The implementation of locking in losses is the next step in crude oil investment, especially under the premise that the amount of funds floating is extremely large, this strategy can be adopted to protect the ultimate interests of customers. The strategy of locking in profit can be used, but it requires higher technology and strategy.

In addition, the scale of Saudi Arabia’s February production cuts exceeded expectations, with output falling by 420,000 barrels to 065 million barrels. Saudi Energy Minister Falih also emphasized at the end of 2089 that the implementation of production cuts will be increased in 209 to ensure the balance of supply and demand in the international market.

Bloomberg reported that in the context of rising prices, international oil prices have approached overbought levels. It implies that the oil price may usher in a short-term plunge in the market outlook, giving up the previous gains, so that the price adjustment of domestic oil products on the 28th will reduce the increase or directly stranded.

According to the China National Petroleum Corporation, today’s unexpected market may not repeat itself, because an article mentioned earlier that the crude oil market as a whole is currently in a strong negative state, OPEC’s production increase concerns, and the US oil production is also continuing to increase. All aspects are suppressing the decline in oil prices. Perhaps the weakness of the US dollar will become a certain support for crude oil, but it will not become the main driving force University of Crude Oil Analysisfor rising oil prices.

And some data this week can have a lasting impact on the dollar market. The first is the PCE data on Monday, which is expected to reach 2% this time. The U.S. economy is currently on the rise. If inflation can rise steadily, the U.S. will speed up the pace of interest rate hikes. If this is in line with expectations, the possibility of interest rate hikes in June will increase significantly, thereby promoting The US dollar strengthened further.

According to shipping data and traders, in order to replace American oil, it has been shifting to the Middle East, West Africa and Latin America. Although the largest oil suppliers are the Middle East, Russia and West Africa, the United States has become an important global supplier since opening its export markets in 206. The decision to exclude U.S. oil from the taxation list highlights the growing importance of the U.S. as the world's major oil producer and a key source of alternative supply.

After the data was released, both U.S. and cloth oils continued their intraday decline. U.S. oil fell to 70.54 US dollars per barrel, the lowest in four months, and the intraday decline expanded to 49%; U.S. oil fell below 65 US dollars per barrel on June 2. The lowest since Japan, the intraday range expanded to 69%.

Under Trump's threat, many countries including South Korea, India, Turkey, etc. have drastically reduced Iranian oil imports, and some even stopped imports directly. But there are also countries that directly ignore Trump’s threats, such as Russia and China.