Although when Saudi Arabia proposed to cut production, Russia said it would not follow suit, but everything has not been determined. After all, Russia is also a major oil producer, and business with small profits but quick turnover is not easy. Once Russia and Saudi Arabia cut production together, not only will the increase in oil prices be very detrimental to Trump, the US sanctions on Iran will also be invalidated. As Saudi Arabia and Russia cut production, the ULifting the U.S. crude oil export bannited States will find ways to increase production and lower oil prices. At this time, Iran will play a role.
At present, the crude oil market is under strong short pressure. After the situation in the Middle East temporarily came to an end, its butterfly effect began to appear, because the United States only in Iran and Venezuela will create a huge Middle East crude oil supply gap. If the United States is to fill this The gap, then this will become a key step for the United States to dominate the entire oil price market in the future. OPEC will naturally not allow the United States to act like this, so OPEC must find a way to fill this gap.
In general, spot crude oil investment is not a scam, it is real, and it is closer to life. There are more and more investors in the market, which proves that it is not a lie. Of course, for novices, you still have to pay attention to risks. Although you can control risks, you can't be blind. I would like to remind investors that investment is risky, and you must be cautious when entering the market. There are still many examples of failure and loss.
The upward trend line since the beginning of February this year was completely broken on May 28 this Monday. The decline of this physical Yinxian line is not small. The technically effective time point for the break is three trading days. If you still can’t get out of revenge Sexual rebound, the upward trend is established and ended.
However, the "Petroleum Blue Book: Petroleum Industry Development Report 20" stated that the proportion of crude oil imports from the Middle East is declining, while crude oil imports from Russia and the United States are further increasing. It seems that the trend of expanding energy imports from the United States will continue.
The Strait of Hormuz is a very criticaLifting the U.S. crude oil export banl place for global oil supply, because the world’s largest crude oil suppliers, such as Saudi Arabia, Iraq, Qatar, United Arab Emirates and other Middle Eastern oil producing countries, all use the Strait of Hormuz for transportation. crude. Approximately one third of the world's seaborne oil trade relies on the Strait of Hormuz.
As the price of crude oil continues to rise, the price of gasoline in the United States has exceeded USD/gallon for a time. In the same period last year, the price of gasoline in the United States was only USD 7/gallon. This is the reason why the number of tourists in the United States has decreased significantly this summer. Lampe hopes to reduce the price of crude oil by increasing production, thereby further reducing the price of gasoline.
With the gradual increase in production expectations, the bearish army has increased, and some speculative bulls have opted out of the game. The latest CFTC report shows that as of the week of June 2, hedge funds reduced their net long positions in US crude oil futures and options. However, Goldman Sachs stands out, firmly looking at more oil prices, and even boldly predicts that oil prices will return to above the US$80/barrel mark in the next few months.